California Public Employees Retirement System Lowers Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

California Public Employees Retirement System lessened its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 5.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 127,567 shares of the company’s stock after selling 7,877 shares during the period. California Public Employees Retirement System’s holdings in Floor & Decor were worth $12,718,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Louisiana State Employees Retirement System grew its position in shares of Floor & Decor by 0.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock worth $2,971,000 after purchasing an additional 100 shares in the last quarter. Corient Private Wealth LLC boosted its stake in Floor & Decor by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock worth $341,000 after purchasing an additional 120 shares during the period. Teacher Retirement System of Texas grew its holdings in Floor & Decor by 1.9% during the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock valued at $652,000 after buying an additional 122 shares in the last quarter. Tidal Investments LLC raised its position in shares of Floor & Decor by 2.0% during the third quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock valued at $835,000 after buying an additional 130 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Floor & Decor by 4.9% in the fourth quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company’s stock worth $296,000 after buying an additional 133 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Telsey Advisory Group restated an “outperform” rating and set a $115.00 price objective on shares of Floor & Decor in a research report on Friday, February 21st. Evercore ISI reduced their target price on Floor & Decor from $95.00 to $90.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st. Piper Sandler dropped their price target on Floor & Decor from $103.00 to $90.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Finally, The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective on the stock. in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $103.56.

Floor & Decor Stock Performance

Floor & Decor stock opened at $71.55 on Friday. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $126.74. The company’s 50-day moving average is $91.82 and its 200 day moving average is $101.66. The firm has a market capitalization of $7.68 billion, a P/E ratio of 37.66, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86. 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 issued its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. Research analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

About Floor & Decor

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.