Wealth Alliance Lowers Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Wealth Alliance lessened its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,098 shares of the company’s stock after selling 305 shares during the quarter. Wealth Alliance’s holdings in Floor & Decor were worth $209,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of FND. Louisiana State Employees Retirement System raised its position in Floor & Decor by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock worth $2,971,000 after buying an additional 100 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Floor & Decor by 3.7% during the third quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock worth $386,000 after acquiring an additional 110 shares during the period. Tidal Investments LLC raised its holdings in Floor & Decor by 2.0% during the third quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock worth $835,000 after purchasing an additional 130 shares in the last quarter. Sanctuary Advisors LLC lifted its position in Floor & Decor by 4.9% in the fourth quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company’s stock valued at $296,000 after purchasing an additional 133 shares during the period. Finally, Silver Coast Investments LLC boosted its holdings in Floor & Decor by 5.1% in the 3rd quarter. Silver Coast Investments LLC now owns 3,074 shares of the company’s stock valued at $382,000 after purchasing an additional 150 shares in the last quarter.

Wall Street Analyst Weigh In

FND has been the subject of a number of analyst reports. The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price for the company. in a research note on Thursday, January 30th. Stifel Nicolaus increased their price objective on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Mizuho upped their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Wedbush cut shares of Floor & Decor from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $110.00 to $100.00 in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $106.16.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $94.25 on Friday. 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 business’s fifty day moving average price is $99.62 and its two-hundred day moving average price is $105.99. The stock has a market cap of $10.11 billion, a PE ratio of 49.61, a price-to-earnings-growth ratio of 19.06 and a beta of 1.83. Floor & Decor Holdings, Inc. has a one year low of $89.06 and a one year high of $135.67.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.14. The business 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%. On average, analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS 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.