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

Vantage Investment Partners LLC decreased its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 22.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 180,103 shares of the company's stock after selling 52,134 shares during the period. Floor & Decor accounts for 1.2% of Vantage Investment Partners LLC's portfolio, making the stock its 28th largest position. Vantage Investment Partners LLC owned 0.17% of Floor & Decor worth $14,493,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in Floor & Decor by 46.3% during the fourth quarter. Allworth Financial LP now owns 575 shares of the company's stock worth $58,000 after buying an additional 182 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in Floor & Decor by 4.9% during the fourth quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company's stock worth $296,000 after buying an additional 133 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Floor & Decor by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 3,275 shares of the company's stock worth $327,000 after buying an additional 169 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in Floor & Decor by 20.0% during the fourth quarter. Handelsbanken Fonder AB now owns 28,800 shares of the company's stock worth $2,871,000 after buying an additional 4,800 shares during the last quarter. Finally, Fisher Funds Management LTD bought a new position in Floor & Decor during the fourth quarter worth about $128,797,000.

Analyst Ratings Changes

Several equities analysts recently issued reports on FND shares. Stifel Nicolaus decreased their price objective on Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Evercore ISI reduced their price target on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a research report on Tuesday. Gordon Haskett downgraded Floor & Decor from a "buy" rating to a "hold" rating in a report on Friday, April 4th. The Goldman Sachs Group cut their price objective on Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a report on Friday, May 2nd. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 price objective on shares of Floor & Decor in a 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 given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $93.00.

Floor & Decor Price Performance

Floor & Decor stock traded down $0.76 during midday trading on Wednesday, reaching $75.92. The company's stock had a trading volume of 1,597,406 shares, compared to its average volume of 1,853,116. Floor & Decor Holdings, Inc. has a 52 week low of $66.01 and a 52 week high of $124.68. 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 business has a 50-day moving average price of $74.13 and a 200-day moving average price of $86.79. The stock has a market cap of $8.17 billion, a PE ratio of 40.17, a price-to-earnings-growth ratio of 2.39 and a beta of 1.71.

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