Azzad Asset Management Inc. ADV Sells 12,360 Shares of Floor & Decor Holdings, Inc. $FND

Azzad Asset Management Inc. ADV trimmed its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 32.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,261 shares of the company’s stock after selling 12,360 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Floor & Decor were worth $1,862,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. State of Wyoming bought a new position in Floor & Decor in the second quarter worth about $46,000. Steph & Co. purchased a new position in shares of Floor & Decor in the 3rd quarter worth approximately $48,000. Mather Group LLC. bought a new position in shares of Floor & Decor during the 3rd quarter worth approximately $49,000. Bank of Jackson Hole Trust raised its stake in shares of Floor & Decor by 37.7% during the 3rd quarter. Bank of Jackson Hole Trust now owns 679 shares of the company’s stock worth $50,000 after acquiring an additional 186 shares in the last quarter. Finally, AlphaQuest LLC lifted its position in Floor & Decor by 27.2% during the third quarter. AlphaQuest LLC now owns 805 shares of the company’s stock valued at $59,000 after acquiring an additional 172 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Floor & Decor in a research report on Wednesday, January 28th. Wall Street Zen lowered Floor & Decor from a “hold” rating to a “sell” rating in a research report on Sunday, November 9th. The Goldman Sachs Group raised Floor & Decor from a “sell” rating to a “neutral” rating and lowered their price target for the stock from $80.00 to $71.00 in a report on Thursday, November 13th. Piper Sandler upgraded Floor & Decor from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $75.00 to $80.00 in a research note on Wednesday, November 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Floor & Decor from $94.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Seven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Floor & Decor has an average rating of “Hold” and a consensus price target of $82.84.

Floor & Decor Stock Up 4.1%

Shares of FND stock opened at $69.40 on Monday. Floor & Decor Holdings, Inc. has a fifty-two week low of $55.11 and a fifty-two week high of $104.66. The firm has a market capitalization of $7.48 billion, a PE ratio of 34.70, a P/E/G ratio of 2.69 and a beta of 1.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27. The stock’s 50-day simple moving average is $66.73 and its 200-day simple moving average is $71.85.

Floor & Decor Company Profile

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.