Baird Financial Group Inc. Sells 18,046 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Baird Financial Group Inc. reduced its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 341,202 shares of the company's stock after selling 18,046 shares during the quarter. Baird Financial Group Inc. owned about 0.32% of Floor & Decor worth $34,018,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital Research Global Investors lifted its holdings 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 purchasing an additional 5,784,573 shares during the last quarter. Fisher Funds Management LTD acquired a new position in Floor & Decor in the fourth quarter valued at about $128,797,000. Marshall Wace LLP bought a new stake in shares of Floor & Decor during the fourth quarter worth $109,574,000. Madison Investment Advisors LLC bought a new stake in shares of Floor & Decor during the fourth quarter worth $97,552,000. Finally, Principal Financial Group Inc. lifted its position in shares of Floor & Decor by 172.0% in the fourth quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company's stock worth $146,037,000 after purchasing an additional 926,208 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FND. JPMorgan Chase & Co. boosted their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Mizuho cut 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. Wells Fargo & Company cut their price target on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Evercore ISI reduced their price objective on Floor & Decor from $95.00 to $90.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Finally, Loop Capital cut their price target on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $93.56.

Floor & Decor Trading Up 0.4 %

Shares of Floor & Decor stock traded up $0.33 during midday trading on Friday, reaching $75.52. The company had a trading volume of 1,792,585 shares, compared to its average volume of 1,762,136. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The stock has a fifty day moving average price of $77.77 and a 200 day moving average price of $93.75. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $126.74. The firm has a market cap of $8.11 billion, a PE ratio of 39.75, a P/E/G ratio of 19.06 and a beta of 1.79.

Floor & Decor (NYSE:FND - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company posted $0.46 earnings per share. The business's revenue was up 5.8% on a year-over-year basis. On average, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share 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.