Comerica Bank Sells 4,373 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Comerica Bank trimmed its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,933 shares of the company's stock after selling 4,373 shares during the quarter. Comerica Bank's holdings in Floor & Decor were worth $3,483,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Floor & Decor in the 3rd quarter valued at $74,000. Tidal Investments LLC increased its position in Floor & Decor by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 6,721 shares of the company's stock valued at $835,000 after purchasing an additional 130 shares during the period. Principal Financial Group Inc. raised its stake in Floor & Decor by 6.0% during the third quarter. Principal Financial Group Inc. now owns 538,555 shares of the company's stock worth $66,872,000 after buying an additional 30,310 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock valued at $200,865,000 after buying an additional 223,332 shares during the period. Finally, GAMMA Investing LLC boosted its position in Floor & Decor by 15.1% during the fourth quarter. GAMMA Investing LLC now owns 1,619 shares of the company's stock valued at $161,000 after acquiring an additional 212 shares during the last quarter.

Floor & Decor Price Performance

Shares of FND traded up $7.64 during midday trading on Monday, hitting $82.99. 1,578,932 shares of the company traded hands, compared to its average volume of 1,761,896. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $126.74. The firm has a market cap of $8.91 billion, a P/E ratio of 43.73, a PEG ratio of 19.06 and a beta of 1.79. 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 50-day moving average of $77.77 and a 200-day moving average of $93.68.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.45 EPS for the quarter, meeting analysts' consensus estimates of $0.45. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 EPS. As a group, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FND. Evercore ISI dropped their price objective on Floor & Decor from $95.00 to $90.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Wells Fargo & Company reduced their price objective on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Wedbush downgraded shares of Floor & Decor from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $110.00 to $100.00 in a research report on Friday, February 14th. Stifel Nicolaus reduced their price target on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. increased their target price on Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $93.56.

About Floor & Decor

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.