BNP Paribas Financial Markets Cuts Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

BNP Paribas Financial Markets trimmed its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 45.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,218 shares of the company’s stock after selling 10,351 shares during the period. BNP Paribas Financial Markets’ holdings in Floor & Decor were worth $1,218,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Huntington National Bank boosted its stake in shares of Floor & Decor by 120.5% in the 4th quarter. Huntington National Bank now owns 344 shares of the company’s stock worth $34,000 after buying an additional 188 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Floor & Decor in the 4th quarter worth $35,000. Blue Trust Inc. boosted its stake in shares of Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after buying an additional 166 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of Floor & Decor in the 4th quarter worth $49,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Floor & Decor in the 4th quarter worth $49,000.

Floor & Decor Price Performance

NYSE:FND opened at $79.19 on Tuesday. 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 simple moving average is $76.58 and its two-hundred day simple moving average is $92.77. The stock has a market cap of $8.52 billion, a PE ratio of 41.68, a P/E/G ratio of 19.06 and a beta of 1.79. Floor & Decor Holdings, Inc. has a 52 week low of $66.01 and a 52 week high of $126.24.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. As a group, analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FND. Gordon Haskett downgraded Floor & Decor from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. Piper Sandler dropped their price target on Floor & Decor from $90.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company dropped their price target on Floor & Decor from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Telsey Advisory Group restated an “outperform” rating and issued a $115.00 price target on shares of Floor & Decor in a research note on Monday, April 28th. Finally, Stifel Nicolaus dropped their price target on Floor & Decor from $110.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $93.56.

Floor & Decor Company 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.