Natixis Advisors LLC Lowers Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Natixis Advisors LLC lessened its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 13.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 351,149 shares of the company’s stock after selling 56,863 shares during the quarter. Natixis Advisors LLC’s holdings in Floor & Decor were worth $35,010,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FND. FMR LLC boosted its stake in shares of Floor & Decor by 34.7% in the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after purchasing an additional 1,291,214 shares during the period. Fisher Funds Management LTD purchased a new position in shares of Floor & Decor in the fourth quarter valued at approximately $128,797,000. Madison Investment Advisors LLC purchased a new position in shares of Floor & Decor in the fourth quarter valued at approximately $97,552,000. Principal Financial Group Inc. boosted its stake in shares of Floor & Decor by 172.0% in the fourth quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company’s stock valued at $146,037,000 after purchasing an additional 926,208 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Floor & Decor in the fourth quarter valued at approximately $54,640,000.

Analyst Upgrades and Downgrades

FND has been the subject of several recent research reports. Wedbush lowered shares of Floor & Decor from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $110.00 to $100.00 in a research note on Friday, February 14th. The Goldman Sachs Group lowered shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective for the company. in a research note on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Piper Sandler reduced their target price on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Finally, 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 report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $104.83.

Floor & Decor Stock Up 0.9 %

FND stock opened at $85.73 on Monday. 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 twelve month low of $84.07 and a twelve month high of $135.67. The company’s 50 day moving average is $96.94 and its two-hundred day moving average is $104.62. The stock has a market cap of $9.21 billion, a P/E ratio of 45.12, a PEG ratio of 19.06 and a beta of 1.95.

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

Floor & Decor Company 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.