Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 13.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,643 shares of the company's stock after selling 8,533 shares during the quarter. New York State Common Retirement Fund owned approximately 0.05% of Floor & Decor worth $4,478,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Huntington National Bank boosted its holdings in shares of Floor & Decor by 120.5% during the 4th 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 stake in shares of Floor & Decor during the 4th quarter valued at $49,000. First Horizon Advisors Inc. boosted its holdings in shares of Floor & Decor by 42.6% during the 1st quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock valued at $69,000 after buying an additional 255 shares in the last quarter. J.Safra Asset Management Corp boosted its holdings in shares of 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 buying an additional 897 shares in the last quarter. Finally, Forum Financial Management LP bought a new position in Floor & Decor in the 4th quarter worth about $202,000.

Floor & Decor Trading Up 1.4%

NYSE:FND traded up $1.13 during trading hours on Friday, hitting $79.82. The company had a trading volume of 1,365,738 shares, compared to its average volume of 1,825,851. The company has a current ratio of 1.22, a quick ratio of 0.27 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average of $76.91 and a 200 day moving average of $83.30. The company has a market cap of $8.59 billion, a P/E ratio of 42.23, a P/E/G ratio of 2.44 and a beta of 1.70. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $124.68.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, hitting 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 return on equity of 9.32% and a net margin of 4.53%. The company's revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS. Sell-side analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group dropped their price target on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a research note on Friday, May 2nd. Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 price target on shares of Floor & Decor in a research note on Monday, April 28th. Gordon Haskett cut shares of Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird dropped their price target 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. Finally, Wall Street Zen cut shares of Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $90.33.

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.