Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 3.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,046 shares of the company’s stock after selling 155 shares during the period. ProShare Advisors LLC’s holdings in Floor & Decor were worth $502,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Capital Research Global Investors grew its position in shares of Floor & Decor by 20.4% during the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock valued at $1,020,348,000 after acquiring an additional 1,334,650 shares during the period. XN LP acquired a new stake in Floor & Decor in the second quarter valued at approximately $70,177,000. Capital World Investors grew its holdings in Floor & Decor by 5.6% in the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock valued at $1,328,518,000 after purchasing an additional 627,256 shares during the period. Vanguard Group Inc. increased its position in shares of Floor & Decor by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 9,658,747 shares of the company’s stock valued at $1,077,530,000 after buying an additional 300,506 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Floor & Decor by 40.6% during the 4th quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock worth $102,564,000 after buying an additional 265,622 shares during the period.

Analyst Ratings Changes

FND has been the topic of a number of research analyst reports. Telsey Advisory Group dropped their price target on shares of Floor & Decor from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Friday, August 2nd. Evercore ISI cut their target price on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, July 2nd. Stifel Nicolaus upped their price target on shares of Floor & Decor from $85.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Wedbush reiterated an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a report on Friday, August 2nd. Finally, Piper Sandler increased their target price on Floor & Decor from $95.00 to $119.00 and gave the company a “neutral” rating in a report on Monday. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $103.85.

Floor & Decor Price Performance

Floor & Decor stock opened at $124.10 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. The stock has a market cap of $13.28 billion, a P/E ratio of 59.95, a PEG ratio of 2.46 and a beta of 1.79. The company has a 50-day moving average price of $107.22 and a 200 day moving average price of $110.80. Floor & Decor Holdings, Inc. has a 12-month low of $76.30 and a 12-month high of $135.67.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. Sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 1.67 earnings per share for the current year.

Floor & Decor Profile

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.