Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP trimmed its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 28.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,973 shares of the company’s stock after selling 11,571 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Floor & Decor were worth $2,889,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Floor & Decor by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company’s stock worth $976,319,000 after acquiring an additional 133,766 shares during the last quarter. FMR LLC lifted its holdings in Floor & Decor by 34.7% in the 3rd 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 in the last quarter. State Street Corp boosted its stake in shares of Floor & Decor by 6.3% during the 3rd quarter. State Street Corp now owns 3,769,808 shares of the company’s stock worth $468,097,000 after purchasing an additional 222,980 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of Floor & Decor by 3.9% during the third quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company’s stock worth $279,732,000 after buying an additional 85,299 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Floor & Decor by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company’s stock valued at $222,357,000 after buying an additional 24,509 shares during the last quarter.

Floor & Decor Stock Up 0.3 %

Shares of NYSE FND opened at $84.23 on Monday. The firm has a market cap of $9.05 billion, a price-to-earnings ratio of 44.33, a PEG ratio of 19.06 and a beta of 1.95. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The stock’s 50-day simple moving average is $95.76 and its 200-day simple moving average is $103.71. Floor & Decor Holdings, Inc. has a 1 year low of $80.82 and a 1 year high of $131.85.

Floor & Decor (NYSE:FND) last released 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. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. As a group, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FND has been the subject of several analyst reports. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Wedbush lowered Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $110.00 to $100.00 in a research note on Friday, February 14th. Piper Sandler decreased their price target on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. The Goldman Sachs Group downgraded 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. Finally, Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and raised their target price for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $104.83.

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.