Comerica Bank Reduces Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Comerica Bank lessened its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Huntington National Bank raised its position in shares of Floor & Decor by 120.5% in the 4th quarter. Huntington National Bank now owns 344 shares of the company's stock valued at $34,000 after purchasing an additional 188 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Floor & Decor in the fourth quarter worth $35,000. Blue Trust Inc. lifted its stake in shares of Floor & Decor by 59.9% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the company's stock worth $44,000 after buying an additional 166 shares during the period. Bank of Jackson Hole Trust purchased a new stake in shares of Floor & Decor during the fourth quarter valued at $49,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Floor & Decor in the 4th quarter valued at $49,000.

Floor & Decor Stock Up 0.4 %

NYSE FND traded up $0.33 during trading hours on Friday, hitting $75.52. 1,792,585 shares of the company were exchanged, compared to its average volume of 1,759,067. The company has a 50 day moving average of $77.77 and a two-hundred day moving average of $93.82. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 39.75, a PEG ratio of 19.06 and a beta of 1.79. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $126.74.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FND. Wedbush lowered Floor & Decor from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $110.00 to $100.00 in a report on Friday, February 14th. The Goldman Sachs Group decreased their price objective on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a research note on Friday, May 2nd. Robert W. Baird cut their price objective on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Loop Capital decreased their target price on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a research report on Tuesday. Finally, Guggenheim dropped their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.