Lindbrook Capital LLC Sells 782 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)


Lindbrook Capital LLC cut its stake in Floor & Decor Holdings, Inc. (NYSE:FNDGet Rating) by 43.6% in the first quarter, HoldingsChannel.com reports. The fund owned 1,011 shares of the company’s stock after selling 782 shares during the period. Lindbrook Capital LLC’s holdings in Floor & Decor were worth $82,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC grew its position in Floor & Decor by 3.0% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 3,392 shares of the company’s stock valued at $441,000 after buying an additional 99 shares during the period. Intrust Bank NA lifted its holdings in shares of Floor & Decor by 3.1% in the fourth quarter. Intrust Bank NA now owns 3,534 shares of the company’s stock worth $459,000 after buying an additional 107 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Floor & Decor by 3.0% in the fourth quarter. CIBC Asset Management Inc now owns 4,348 shares of the company’s stock worth $565,000 after buying an additional 125 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of Floor & Decor by 2.9% in the fourth quarter. Resonant Capital Advisors LLC now owns 4,451 shares of the company’s stock worth $579,000 after buying an additional 126 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Floor & Decor by 163.6% in the fourth quarter. Quadrant Capital Group LLC now owns 203 shares of the company’s stock worth $26,000 after buying an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Shares of FND opened at $64.97 on Monday. Floor & Decor Holdings, Inc. has a 1-year low of $59.91 and a 1-year high of $145.89. The company has a 50-day moving average of $72.67 and a 200 day moving average of $91.24. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 0.89 and a beta of 1.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.21 and a quick ratio of 0.16.

Floor & Decor (NYSE:FNDGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. Floor & Decor had a net margin of 7.57% and a return on equity of 20.21%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the business posted $0.68 EPS. The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. On average, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2.89 earnings per share for the current fiscal year.

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their target price on shares of Floor & Decor from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Wednesday, June 8th. MKM Partners began coverage on shares of Floor & Decor in a research report on Thursday, June 23rd. They issued a “neutral” rating and a $65.00 price target on the stock. Jefferies Financial Group reduced their price target on shares of Floor & Decor from $150.00 to $146.00 and set a “buy” rating on the stock in a research report on Thursday, March 17th. The Goldman Sachs Group cut shares of Floor & Decor from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $109.00 to $64.00 in a research report on Monday, June 27th. Finally, Citigroup reduced their price target on shares of Floor & Decor from $137.00 to $106.00 in a research report on Friday, May 13th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $107.92.

About Floor & Decor (Get Rating)

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.

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Want to see what other hedge funds are holding FND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Floor & Decor Holdings, Inc. (NYSE:FNDGet Rating).

Institutional Ownership by Quarter for Floor & Decor (NYSE:FND)



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