Cetera Investment Advisers Sells 6,618 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Cetera Investment Advisers trimmed its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 24.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,527 shares of the company’s stock after selling 6,618 shares during the quarter. Cetera Investment Advisers’ holdings in Floor & Decor were worth $2,047,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FND. Capital Research Global Investors increased its stake in Floor & Decor by 76.8% in the 4th quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock worth $1,327,653,000 after acquiring an additional 5,784,573 shares during the last quarter. Fisher Funds Management LTD bought a new position in Floor & Decor in the 4th quarter worth about $128,797,000. Marshall Wace LLP bought a new position in Floor & Decor in the 4th quarter worth about $109,574,000. Madison Investment Advisors LLC bought a new position in Floor & Decor in the 4th quarter worth about $97,552,000. Finally, Principal Financial Group Inc. increased its stake in Floor & Decor by 172.0% in the 4th quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company’s stock worth $146,037,000 after acquiring an additional 926,208 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FND shares. Evercore ISI decreased their target price on Floor & Decor from $95.00 to $90.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. Mizuho decreased their target price on Floor & Decor from $100.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus decreased their target price 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. Robert W. Baird cut their price objective on Floor & Decor from $125.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. Finally, Gordon Haskett cut Floor & Decor from a “buy” rating to a “hold” rating in a report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $93.56.

Floor & Decor Trading Down 0.4%

Shares of FND stock opened at $79.19 on Tuesday. The stock has a market capitalization 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 1-year low of $66.01 and a 1-year high of $126.24. The business has a 50-day moving average of $76.58 and a 200 day moving average of $92.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $1.16 billion during 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%. Floor & Decor’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS. As a group, sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

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.