Pecaut & CO. Sells 700 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Pecaut & CO. reduced its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 3.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,950 shares of the company’s stock after selling 700 shares during the period. Floor & Decor makes up 0.8% of Pecaut & CO.’s holdings, making the stock its 27th biggest holding. Pecaut & CO.’s holdings in Floor & Decor were worth $2,288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Teacher Retirement System of Texas lifted its position in shares of Floor & Decor by 1.9% during the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock worth $652,000 after buying an additional 122 shares during the last quarter. Xponance Inc. lifted its position in shares of Floor & Decor by 5.9% during the 4th quarter. Xponance Inc. now owns 15,828 shares of the company’s stock worth $1,578,000 after buying an additional 882 shares during the last quarter. Polen Capital Management LLC lifted its position in shares of Floor & Decor by 34.9% during the 4th quarter. Polen Capital Management LLC now owns 9,800 shares of the company’s stock worth $977,000 after buying an additional 2,534 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of Floor & Decor by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock worth $341,000 after buying an additional 120 shares during the last quarter. Finally, Madison Investment Advisors LLC bought a new stake in shares of Floor & Decor during the 4th quarter worth $97,552,000.

Analysts Set New Price Targets

FND has been the subject of several recent analyst reports. Wedbush downgraded Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $110.00 to $100.00 in a research report on Friday, February 14th. The Goldman Sachs Group cut Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price for the company. in a report on Thursday, January 30th. Gordon Haskett raised Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Friday, February 21st. Piper Sandler lowered their target price on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upped their target price on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Floor & Decor currently has an average rating of “Hold” and a consensus price target of $104.83.

Floor & Decor Trading Up 1.0 %

NYSE FND opened at $83.80 on Friday. The business has a 50 day simple moving average of $95.97 and a 200 day simple moving average of $103.96. Floor & Decor Holdings, Inc. has a one year low of $81.38 and a one year high of $135.67. The stock has a market capitalization of $9.00 billion, a P/E ratio of 44.11, a P/E/G ratio of 19.06 and a beta of 1.95. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Floor & Decor Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.