Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 98.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,554 shares of the company’s stock after selling 222,318 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Floor & Decor were worth $317,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Chris Bulman Inc acquired a new position in Floor & Decor in the 2nd quarter valued at about $30,000. Blue Trust Inc. boosted its holdings in Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after purchasing an additional 196 shares during the last quarter. J.Safra Asset Management Corp boosted its holdings in Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after purchasing an additional 372 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Floor & Decor by 36.7% in the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after purchasing an additional 189 shares during the last quarter. Finally, RiverPark Advisors LLC boosted its holdings in Floor & Decor by 361.1% in the 1st quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock valued at $78,000 after purchasing an additional 473 shares during the last quarter.

Floor & Decor Trading Up 0.7 %

Shares of NYSE:FND opened at $103.76 on Friday. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67. The company’s 50 day moving average is $111.62 and its two-hundred day moving average is $108.78. The company has a current ratio of 1.16, a quick ratio of 0.27 and a debt-to-equity ratio of 0.09. The company has a market cap of $11.12 billion, a PE ratio of 57.64, a P/E/G ratio of 13.68 and a beta of 1.83.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm posted $0.61 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts predict that Floor & Decor Holdings, Inc. will post 1.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Guggenheim decreased their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Citigroup decreased their price objective on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Wells Fargo & Company upped their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Piper Sandler decreased their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Finally, Truist Financial decreased their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $104.24.

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.