Floor & Decor Holdings, Inc. $FND Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 11.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,896 shares of the company’s stock after selling 2,386 shares during the period. Cetera Investment Advisers’ holdings in Floor & Decor were worth $1,435,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Floor & Decor by 42.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock valued at $41,000 after buying an additional 152 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in Floor & Decor in the 1st quarter worth approximately $47,000. eCIO Inc. acquired a new position in Floor & Decor in the 1st quarter valued at $62,000. WD Rutherford LLC purchased a new position in shares of Floor & Decor during the 2nd quarter worth $73,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of Floor & Decor by 34.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,245 shares of the company’s stock worth $95,000 after purchasing an additional 319 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Zacks Research upgraded Floor & Decor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. TD Cowen dropped their price objective on shares of Floor & Decor from $80.00 to $77.00 and set a “hold” rating for the company in a research note on Friday, October 31st. Telsey Advisory Group reiterated an “outperform” rating and set a $92.00 price objective on shares of Floor & Decor in a report on Friday, October 31st. UBS Group decreased their target price on shares of Floor & Decor from $80.00 to $74.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Floor & Decor in a research report on Friday, October 31st. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Floor & Decor currently has a consensus rating of “Hold” and an average price target of $83.95.

Insider Activity

In related news, President Bradley Paulsen bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average cost of $60.27 per share, for a total transaction of $301,350.00. Following the acquisition, the president owned 30,000 shares in the company, valued at $1,808,100. This represents a 20.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

Floor & Decor Price Performance

Floor & Decor stock opened at $64.63 on Tuesday. The firm has a fifty day moving average of $67.30 and a 200-day moving average of $75.33. Floor & Decor Holdings, Inc. has a 52-week low of $55.11 and a 52-week high of $115.51. The company has a quick ratio of 0.34, a current ratio of 1.27 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $6.96 billion, a P/E ratio of 32.32, a PEG ratio of 2.77 and a beta of 1.75.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the company earned $0.48 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. As a group, analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

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.