BNP Paribas Financial Markets Trims Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

BNP Paribas Financial Markets lessened its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 45.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,218 shares of the company's stock after selling 10,351 shares during the period. BNP Paribas Financial Markets' holdings in Floor & Decor were worth $1,218,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Louisiana State Employees Retirement System lifted its position in shares of Floor & Decor by 0.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company's stock worth $2,971,000 after purchasing an additional 100 shares during the period. Advisory Research Inc. lifted its position in shares of Floor & Decor by 0.7% in the 4th quarter. Advisory Research Inc. now owns 17,271 shares of the company's stock worth $1,722,000 after purchasing an additional 115 shares during the period. Corient Private Wealth LLC lifted its position in shares of Floor & Decor by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company's stock worth $341,000 after purchasing an additional 120 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Floor & Decor by 1.9% in the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company's stock worth $652,000 after purchasing an additional 122 shares during the period. Finally, Sanctuary Advisors LLC lifted its position in shares of Floor & Decor by 4.9% in the 4th quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company's stock worth $296,000 after purchasing an additional 133 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FND shares. Evercore ISI decreased their target price on shares of Floor & Decor from $95.00 to $90.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Mizuho cut 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. JPMorgan Chase & Co. increased their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Wedbush lowered shares of Floor & Decor from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 price objective on shares of Floor & Decor in a research note on Monday, April 28th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Floor & Decor currently has an average rating of "Hold" and an average price target of $93.56.

Floor & Decor Stock Performance

FND traded down $0.74 on Friday, reaching $73.38. The stock had a trading volume of 1,634,251 shares, compared to its average volume of 1,811,998. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $126.24. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The business's 50-day moving average price is $75.80 and its two-hundred day moving average price is $91.94. The company has a market cap of $7.90 billion, a P/E ratio of 38.62, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79.

Floor & Decor (NYSE:FND - Get Free Report) last announced 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 net margin of 4.62% and a return on equity of 9.80%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business earned $0.46 earnings per share. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. Sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Floor & Decor 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.