Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 14.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,188 shares of the company’s stock after selling 520 shares during the period. M&T Bank Corp’s holdings in Floor & Decor were worth $257,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FND. Proficio Capital Partners LLC acquired a new stake in shares of Floor & Decor during the fourth quarter valued at about $49,000. Corient Private Wealth LLC lifted its position in shares of Floor & Decor by 3.6% during the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock worth $341,000 after purchasing an additional 120 shares during the last quarter. Xponance Inc. lifted its position in shares of Floor & Decor by 5.9% during the fourth quarter. Xponance Inc. now owns 15,828 shares of the company’s stock worth $1,578,000 after purchasing an additional 882 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of Floor & Decor by 1.9% during the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock worth $652,000 after purchasing an additional 122 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Floor & Decor during the fourth quarter worth about $539,000.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $78.64 on Friday. The firm’s 50 day moving average is $77.01 and its two-hundred day moving average is $83.92. Floor & Decor Holdings, Inc. has a 52 week low of $66.01 and a 52 week high of $124.68. The firm has a market capitalization of $8.46 billion, a P/E ratio of 41.61, a PEG ratio of 2.49 and a beta of 1.70. The company has a current ratio of 1.22, a quick ratio of 0.27 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. Floor & Decor had a net margin of 4.53% and a return on equity of 9.32%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business earned $0.46 earnings per share. Floor & Decor’s revenue was up 5.8% compared to the same quarter last year. Analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Upgrades and Downgrades

FND has been the topic of several research analyst reports. The Goldman Sachs Group reduced their price target on shares of Floor & Decor from $81.00 to $70.00 and set a “sell” rating on the stock in a research report on Friday, May 2nd. Loop Capital reduced their price target on shares of Floor & Decor from $95.00 to $75.00 and set a “hold” rating on the stock in a research report on Tuesday, May 6th. Robert W. Baird reduced their price target on shares of Floor & Decor from $125.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. Wall Street Zen cut shares of Floor & Decor from a “hold” rating to a “sell” rating in a research report on Friday, June 27th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 price target on shares of Floor & Decor in a research report on Monday, April 28th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Floor & Decor currently has an average rating of “Hold” and an average price target of $91.19.

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.