Bank of New York Mellon Corp Sells 18,689 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Bank of New York Mellon Corp lessened its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 2.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 708,794 shares of the company's stock after selling 18,689 shares during the period. Bank of New York Mellon Corp owned about 0.66% of Floor & Decor worth $57,037,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Huntington National Bank boosted its position in Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock valued at $34,000 after buying an additional 188 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Floor & Decor in the fourth quarter valued at approximately $49,000. First Horizon Advisors Inc. boosted its holdings in shares of Floor & Decor by 42.6% in the 1st quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock worth $69,000 after acquiring an additional 255 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Floor & Decor by 1,201.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 859 shares of the company's stock worth $86,000 after acquiring an additional 793 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its holdings in Floor & Decor by 71.9% during the 1st quarter. J.Safra Asset Management Corp now owns 2,144 shares of the company's stock valued at $173,000 after purchasing an additional 897 shares in the last quarter.

Floor & Decor Trading Down 0.1%

NYSE:FND traded down $0.10 during trading hours on Wednesday, hitting $78.57. The stock had a trading volume of 2,289,190 shares, compared to its average volume of 1,825,657. The business's 50 day moving average is $76.75 and its 200-day moving average is $84.25. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.27 and a current ratio of 1.22. The company has a market cap of $8.45 billion, a price-to-earnings ratio of 41.57, a P/E/G ratio of 2.56 and a beta of 1.70. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $124.68.

Floor & Decor (NYSE:FND - Get Free Report) last released 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 business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.16 billion. Floor & Decor had a net margin of 4.53% and a return on equity of 9.32%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 EPS. Sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FND shares. Wall Street Zen lowered Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Gordon Haskett downgraded shares of Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Piper Sandler lowered their price objective on shares of Floor & Decor from $90.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Guggenheim reduced their target price on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Mizuho decreased their price target on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Floor & Decor currently has a consensus rating of "Hold" and a consensus target price of $91.19.

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.