Keybank National Association OH Reduces Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Keybank National Association OH lessened its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 35.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,664 shares of the company’s stock after selling 3,132 shares during the quarter. Keybank National Association OH’s holdings in Floor & Decor were worth $459,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Hardy Reed LLC purchased a new position in shares of Floor & Decor in the 1st quarter valued at approximately $85,000. Comerica Bank grew its stake in shares of Floor & Decor by 26.4{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the 1st quarter. Comerica Bank now owns 4,888 shares of the company’s stock valued at $426,000 after purchasing an additional 1,022 shares during the last quarter. Kornitzer Capital Management Inc. KS purchased a new position in shares of Floor & Decor in the 1st quarter valued at approximately $794,000. Machina Capital S.A.S. purchased a new position in shares of Floor & Decor in the 1st quarter valued at approximately $203,000. Finally, Kestra Advisory Services LLC grew its stake in shares of Floor & Decor by 43.5{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the 1st quarter. Kestra Advisory Services LLC now owns 5,222 shares of the company’s stock valued at $423,000 after purchasing an additional 1,584 shares during the last quarter. Hedge funds and other institutional investors own 96.48{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FND. The Goldman Sachs Group downgraded Floor & Decor from a “buy” rating to a “neutral” rating and lowered their target price for the company from $109.00 to $64.00 in a research note on Monday, June 27th. Piper Sandler decreased their price target on Floor & Decor from $136.00 to $102.00 in a research note on Thursday, April 7th. Wells Fargo & Company decreased their price target on Floor & Decor from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 8th. Citigroup decreased their price target on Floor & Decor from $137.00 to $106.00 in a research note on Friday, May 13th. Finally, Robert W. Baird decreased their price target on Floor & Decor from $130.00 to $110.00 in a research note on Monday, May 2nd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $106.77.

Floor & Decor Stock Performance

Shares of FND stock opened at $77.09 on Thursday. The stock has a fifty day moving average price of $70.90 and a 200 day moving average price of $86.75. The stock has a market cap of $8.16 billion, a PE ratio of 29.88, a P/E/G ratio of 1.03 and a beta of 1.77. Floor & Decor Holdings, Inc. has a 1 year low of $59.91 and a 1 year high of $145.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.16 and a current ratio of 1.21.

Floor & Decor (NYSE:FND – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. Floor & Decor had a return on equity of 20.21{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} and a net margin of 7.57{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. Floor & Decor’s revenue was up 31.5{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} on a year-over-year basis. Sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 2.89 earnings per share for the current fiscal year.

Floor & Decor Profile

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Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company’s stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.

Wall Street Analyst Weigh In

Floor & Decor Stock Performance

Floor & Decor Profile

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