Floor & Decor Holdings, Inc. (NYSE:FND) Stock Holdings Reduced by Strata Wealth Advisors LLC

Strata Wealth Advisors LLC decreased its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 59.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,981 shares of the company's stock after selling 8,938 shares during the period. Strata Wealth Advisors LLC's holdings in Floor & Decor were worth $481,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in FND. TimesSquare Capital Management LLC increased its position in Floor & Decor by 83.3% in the 1st quarter. TimesSquare Capital Management LLC now owns 499,707 shares of the company's stock valued at $40,211,000 after acquiring an additional 227,030 shares during the period. Signaturefd LLC increased its position in Floor & Decor by 18.5% in the 1st quarter. Signaturefd LLC now owns 1,751 shares of the company's stock valued at $141,000 after acquiring an additional 273 shares during the period. MQS Management LLC acquired a new stake in Floor & Decor in the 1st quarter valued at approximately $245,000. CWM LLC increased its position in Floor & Decor by 67.6% in the 1st quarter. CWM LLC now owns 2,105 shares of the company's stock valued at $169,000 after acquiring an additional 849 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in shares of Floor & Decor by 0.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the company's stock valued at $2,414,000 after purchasing an additional 200 shares during the period.

Analyst Ratings Changes

FND has been the topic of several research analyst reports. Piper Sandler lowered their price target on Floor & Decor from $90.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 price target on shares of Floor & Decor in a research report on Monday, April 28th. Evercore ISI lowered their price target on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a research report on Tuesday, June 24th. Stifel Nicolaus lowered their price target on Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Mizuho lowered their price target on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Floor & Decor has a consensus rating of "Hold" and an average price target of $91.19.

Floor & Decor Stock Up 2.0%

Shares of Floor & Decor stock traded up $1.54 during midday trading on Thursday, hitting $80.07. The company's stock had a trading volume of 583,269 shares, compared to its average volume of 1,815,388. The firm has a market capitalization of $8.62 billion, a P/E ratio of 42.41, a PEG ratio of 2.45 and a beta of 1.70. The stock has a 50-day simple moving average of $76.85 and a 200-day simple moving average of $84.21. The company has a quick ratio of 0.27, a current ratio of 1.22 and a debt-to-equity ratio of 0.09. 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 issued its earnings results on Thursday, May 1st. The company reported $0.45 EPS for the quarter, hitting the consensus estimate 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%. Floor & Decor's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 earnings per share. As a group, sell-side analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

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.