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

Bank of New York Mellon Corp reduced its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 708,794 shares of the company's stock after selling 18,689 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.66% of Floor & Decor worth $57,037,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Floor & Decor during the fourth quarter worth $38,717,000. Landscape Capital Management L.L.C. raised its stake in Floor & Decor by 111.7% during the fourth quarter. Landscape Capital Management L.L.C. now owns 49,932 shares of the company's stock worth $4,978,000 after acquiring an additional 26,344 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Floor & Decor by 28.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company's stock worth $255,000 after acquiring an additional 701 shares in the last quarter. Davidson Kahn Capital Management LLC raised its stake in Floor & Decor by 24.0% during the first quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company's stock worth $2,446,000 after acquiring an additional 5,887 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Floor & Decor by 6,336.6% during the first quarter. GAMMA Investing LLC now owns 104,209 shares of the company's stock worth $8,386,000 after acquiring an additional 102,590 shares in the last quarter.

Floor & Decor Stock Down 2.3%

NYSE FND traded down $1.98 during trading on Friday, hitting $83.29. The stock had a trading volume of 1,379,433 shares, compared to its average volume of 1,828,219. The company has a market capitalization of $8.96 billion, a PE ratio of 44.07, a P/E/G ratio of 2.59 and a beta of 1.70. The company's 50-day moving average price is $76.47 and its two-hundred day moving average price is $84.52. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.27 and a current ratio of 1.22. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $124.68.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Floor & Decor had a return on equity of 9.32% and a net margin of 4.53%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 EPS. As a group, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on FND. Gordon Haskett lowered Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Stifel Nicolaus lowered their target price on Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Telsey Advisory Group restated an "outperform" rating and issued a $115.00 target price on shares of Floor & Decor in a research note on Monday, April 28th. Mizuho lowered their target price on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Finally, Piper Sandler lowered their target price on Floor & Decor from $90.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average 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.