Victory Capital Management Inc. Sells 446 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Victory Capital Management Inc. trimmed its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 1.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,105 shares of the company’s stock after selling 446 shares during the quarter. Victory Capital Management Inc.’s holdings in Floor & Decor were worth $4,731,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FND. XN LP bought a new position in shares of Floor & Decor in the second quarter valued at about $70,177,000. Natixis Advisors LLC raised its holdings in shares of Floor & Decor by 94.7% in the second quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock valued at $35,459,000 after buying an additional 173,518 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Floor & Decor during the 2nd quarter worth about $14,953,000. Dimensional Fund Advisors LP raised its holdings in Floor & Decor by 15.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock worth $83,810,000 after purchasing an additional 115,876 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Floor & Decor by 63,243.2% during the 3rd 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 during the last quarter.

Floor & Decor Trading Up 4.7 %

Shares of Floor & Decor stock opened at $112.04 on Friday. Floor & Decor Holdings, Inc. has a 12-month low of $89.06 and a 12-month high of $135.67. The stock has a market cap of $12.01 billion, a P/E ratio of 62.22, a P/E/G ratio of 13.00 and a beta of 1.83. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $110.09 and its 200-day moving average is $108.15.

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

Analysts Set New Price Targets

Several analysts have weighed in on FND shares. Wells Fargo & Company boosted their price objective on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Robert W. Baird decreased their price objective on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 29th. JPMorgan Chase & Co. decreased their price objective on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a research report on Monday, November 11th. Finally, Mizuho boosted their price objective on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. 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 MarketBeat, the stock presently has an average rating of “Hold” and an average 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.