Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Baron Wealth Management LLC

Baron Wealth Management LLC lowered its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 11.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,506 shares of the company’s stock after selling 322 shares during the quarter. Baron Wealth Management LLC’s holdings in Floor & Decor were worth $311,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital International Investors grew its position in Floor & Decor by 7.4% in the first quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock worth $137,806,000 after acquiring an additional 73,448 shares during the period. Vanguard Group Inc. raised its stake in Floor & Decor by 0.8% in the first quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock valued at $1,262,506,000 after buying an additional 81,305 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Floor & Decor by 6.0% during the third quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock worth $66,872,000 after purchasing an additional 30,310 shares in the last quarter. Scientech Research LLC increased its position in shares of Floor & Decor by 353.0% during the second quarter. Scientech Research LLC now owns 17,773 shares of the company’s stock worth $1,767,000 after purchasing an additional 13,850 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Floor & Decor by 63,243.2% during the third quarter. International Assets Investment Management LLC now owns 93,748 shares of the company’s stock worth $11,641,000 after purchasing an additional 93,600 shares in the last quarter.

Floor & Decor Stock Down 0.4 %

Shares of FND stock opened at $102.45 on Tuesday. The firm has a fifty day moving average of $110.34 and a 200-day moving average of $108.28. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 12-month low of $88.53 and a 12-month high of $135.67. The company has a market capitalization of $10.99 billion, a price-to-earnings ratio of 56.92, a P/E/G ratio of 13.44 and a beta of 1.83.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share. As a group, equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FND. Wells Fargo & Company lifted their price objective on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Robert W. Baird lowered their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, July 29th. Wedbush reaffirmed an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a research report on Friday, October 25th. Mizuho upped their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Guggenheim cut their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $104.37.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.