Summit Investment Advisors Inc. Sells 508 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Summit Investment Advisors Inc. lessened its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 2.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,478 shares of the company’s stock after selling 508 shares during the period. Summit Investment Advisors Inc.’s holdings in Floor & Decor were worth $2,141,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FND. Huntington National Bank raised its position in Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company’s stock worth $34,000 after acquiring an additional 188 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of Floor & Decor in the 4th quarter worth $35,000. Blue Trust Inc. raised its holdings in Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after purchasing an additional 166 shares during the period. Bank of Jackson Hole Trust purchased a new position in Floor & Decor during the fourth quarter valued at $49,000. Finally, Proficio Capital Partners LLC purchased a new position in Floor & Decor during the fourth quarter valued at $49,000.

Floor & Decor Trading Down 2.7 %

FND opened at $73.01 on Tuesday. The stock has a 50-day moving average of $87.31 and a 200 day moving average of $99.07. 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 has a market cap of $7.84 billion, a P/E ratio of 38.43, a P/E/G ratio of 19.06 and a beta of 1.86.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, February 20th. The company reported $0.39 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 analysts’ expectations of $1.08 billion. As a group, research analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on FND. Wedbush downgraded Floor & Decor from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. The Goldman Sachs Group cut shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Finally, Evercore ISI cut their price target on Floor & Decor from $95.00 to $90.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. Two investment 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $103.56.

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.