Raymond James & Associates Sells 11,555 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Raymond James & Associates reduced its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 31.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 25,582 shares of the company’s stock after selling 11,555 shares during the period. Raymond James & Associates’ holdings in Floor & Decor were worth $3,177,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FND. Chris Bulman Inc bought a new position in shares of Floor & Decor in the second quarter worth approximately $30,000. Blue Trust Inc. increased its position in shares of Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after purchasing an additional 196 shares during the last quarter. J.Safra Asset Management Corp increased its position in shares of Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after purchasing an additional 372 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Floor & Decor by 36.7% in the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after purchasing an additional 189 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Floor & Decor by 37.8% in the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock worth $89,000 after purchasing an additional 196 shares during the last quarter.

Floor & Decor Price Performance

FND opened at $109.49 on Tuesday. The stock has a fifty day simple moving average of $111.62 and a two-hundred day simple moving average of $108.79. 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 $11.73 billion, a price-to-earnings ratio of 60.83, a price-to-earnings-growth ratio of 13.68 and a beta of 1.83. 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 issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned $0.61 earnings per share. The company’s revenue was up .9% on a year-over-year basis. Research analysts predict that Floor & Decor Holdings, Inc. will post 1.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on FND shares. Truist Financial cut their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Wedbush reissued an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a research note on Friday, October 25th. Guggenheim dropped their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Piper Sandler dropped their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Finally, TD Cowen dropped their price objective on Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.