Cerity Partners LLC Decreases Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Cerity Partners LLC decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 31.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,994 shares of the company’s stock after selling 1,383 shares during the period. Cerity Partners LLC’s holdings in Floor & Decor were worth $299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Huntington National Bank grew its stake in Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company’s stock worth $34,000 after purchasing an additional 188 shares during the period. Whipplewood Advisors LLC bought a new position in Floor & Decor during the 4th quarter valued at approximately $35,000. Blue Trust Inc. grew its stake in shares of Floor & Decor by 59.9% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after acquiring an additional 166 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Floor & Decor during the fourth quarter valued at $49,000. Finally, Allworth Financial LP raised its position in shares of Floor & Decor by 46.3% in the 4th quarter. Allworth Financial LP now owns 575 shares of the company’s stock worth $58,000 after purchasing an additional 182 shares during the last quarter.

Floor & Decor Stock Up 2.1 %

Shares of FND opened at $69.74 on Thursday. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $126.74. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $7.49 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86. The business’s 50 day moving average is $83.20 and its 200 day moving average is $96.95.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.14. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. Research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Evercore ISI reduced their price target on shares of Floor & Decor from $95.00 to $90.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and upped their price objective for the company from $100.00 to $110.00 in a research report on Monday, February 24th. Wedbush downgraded Floor & Decor from an “outperform” rating to a “neutral” rating and cut their target price for the company from $110.00 to $100.00 in a research note on Friday, February 14th. Finally, The Goldman Sachs Group cut Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target for the company. in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $103.56.

Floor & Decor 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.