Wellington Management Group LLP Sells 206,170 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Wellington Management Group LLP decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 29.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 505,799 shares of the company’s stock after selling 206,170 shares during the quarter. Wellington Management Group LLP’s holdings in Floor & Decor were worth $50,428,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Quarry LP bought a new stake in Floor & Decor during the 3rd quarter worth about $34,000. Whipplewood Advisors LLC acquired a new stake in shares of Floor & Decor in the fourth quarter valued at about $35,000. Blue Trust Inc. raised its holdings in Floor & Decor by 59.9% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after acquiring an additional 166 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in Floor & Decor during the fourth quarter valued at approximately $49,000. Finally, Proficio Capital Partners LLC acquired a new position in Floor & Decor during the fourth quarter valued at approximately $49,000.

Floor & Decor Stock Up 1.8 %

Shares of FND opened at $71.55 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $126.74. The firm’s 50 day moving average is $91.82 and its 200-day moving average is $101.66. The stock has a market capitalization of $7.68 billion, a PE ratio of 37.66, a P/E/G ratio of 19.06 and a beta of 1.86.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. Equities research analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and increased their price objective for the company from $100.00 to $110.00 in a report on Monday, February 24th. Wedbush cut Floor & Decor from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $110.00 to $100.00 in a report on Friday, February 14th. Telsey Advisory Group reissued an “outperform” rating and set a $115.00 price target on shares of Floor & Decor in a research report on Friday, February 21st. Piper Sandler cut their price objective on Floor & Decor from $103.00 to $90.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. Finally, Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Floor & Decor currently has an average rating of “Hold” and an average price target of $103.56.

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.