Victory Capital Management Inc. Cuts Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Victory Capital Management Inc. lessened its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 29.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,145 shares of the company’s stock after selling 11,219 shares during the quarter. Victory Capital Management Inc.’s holdings in Floor & Decor were worth $2,184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FND. Huntington National Bank boosted its holdings 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 acquiring an additional 188 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Floor & Decor by 42.6% during the first quarter. First Horizon Advisors Inc. now owns 853 shares of the company’s stock valued at $69,000 after buying an additional 255 shares during the last quarter. Signaturefd LLC increased its position in shares of Floor & Decor by 18.5% in the 1st quarter. Signaturefd LLC now owns 1,751 shares of the company’s stock valued at $141,000 after acquiring an additional 273 shares during the period. Forum Financial Management LP purchased a new position in Floor & Decor in the 4th quarter worth $202,000. Finally, CWM LLC lifted its position in Floor & Decor by 67.6% during the 1st quarter. CWM LLC now owns 2,105 shares of the company’s stock worth $169,000 after acquiring an additional 849 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have commented on FND. Mizuho decreased their price objective on shares of Floor & Decor from $100.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. Stifel Nicolaus reduced their price target on Floor & Decor from $110.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Guggenheim lowered their price objective on Floor & Decor from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Wells Fargo & Company dropped their price objective on shares of Floor & Decor from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Finally, Gordon Haskett cut shares of Floor & Decor from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Floor & Decor has an average rating of “Hold” and an average target price of $89.33.

Floor & Decor Trading Up 0.4%

Shares of Floor & Decor stock opened at $80.21 on Tuesday. The stock has a 50 day moving average of $76.93 and a 200 day moving average of $83.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.27 and a current ratio of 1.22. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 42.44, a PEG ratio of 2.48 and a beta of 1.70. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $124.68.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. The business 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 9.32% and a net margin of 4.53%. The company’s 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, research analysts predict 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.