Vantage Investment Partners LLC Sells 52,134 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Vantage Investment Partners LLC lessened its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 22.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,103 shares of the company's stock after selling 52,134 shares during the quarter. Floor & Decor comprises 1.2% of Vantage Investment Partners LLC's investment portfolio, making the stock its 28th biggest holding. Vantage Investment Partners LLC owned about 0.17% of Floor & Decor worth $14,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Huntington National Bank lifted its position in Floor & Decor by 120.5% in the 4th quarter. Huntington National Bank now owns 344 shares of the company's stock valued at $34,000 after acquiring an additional 188 shares in the last quarter. Whipplewood Advisors LLC bought a new position in Floor & Decor in the 4th quarter valued at about $35,000. Proficio Capital Partners LLC bought a new position in Floor & Decor in the 4th quarter valued at about $49,000. Allworth Financial LP lifted its position in Floor & Decor by 46.3% in the 4th quarter. Allworth Financial LP now owns 575 shares of the company's stock valued at $58,000 after acquiring an additional 182 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Floor & Decor by 1,201.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 859 shares of the company's stock valued at $86,000 after acquiring an additional 793 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Piper Sandler dropped their price target on shares of Floor & Decor from $90.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Wells Fargo & Company dropped their price target on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Loop Capital dropped their price target on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a research report on Tuesday, May 6th. Gordon Haskett cut shares of Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $115.00 price target on shares of Floor & Decor in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Floor & Decor has an average rating of "Hold" and a consensus target price of $93.56.

Floor & Decor Stock Up 2.6%

Floor & Decor stock opened at $75.75 on Friday. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $124.68. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 40.08, a P/E/G ratio of 2.35 and a beta of 1.71. 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 firm has a 50 day simple moving average of $73.85 and a 200 day simple moving average of $87.31.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, meeting analysts' consensus estimates of $0.45. Floor & Decor had a net margin of 4.53% and a return on equity of 9.32%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the business earned $0.46 EPS. Floor & Decor's revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

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.

Want to see what other hedge funds are holding FND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Floor & Decor Holdings, Inc. (NYSE:FND - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.