Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 29.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 505,799 shares of the company's stock after selling 206,170 shares during the period. Wellington Management Group LLP owned 0.47% of Floor & Decor worth $50,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Floor & Decor by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock valued at $200,865,000 after acquiring an additional 223,332 shares in the last quarter. Blue Trust Inc. boosted its position in Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock valued at $44,000 after acquiring an additional 166 shares in the last quarter. KBC Group NV boosted its position in shares of Floor & Decor by 51.8% in the 4th quarter. KBC Group NV now owns 4,288 shares of the company's stock worth $428,000 after purchasing an additional 1,463 shares in the last quarter. Chicago Capital LLC acquired a new stake in shares of Floor & Decor in the 4th quarter worth $405,000. Finally, Live Oak Private Wealth LLC boosted its position in shares of Floor & Decor by 0.8% in the 4th quarter. Live Oak Private Wealth LLC now owns 50,841 shares of the company's stock worth $5,069,000 after purchasing an additional 393 shares in the last quarter.

Floor & Decor Stock Up 1.7%

NYSE:FND traded up $1.22 during trading hours on Tuesday, hitting $71.31. The company's stock had a trading volume of 357,530 shares, compared to its average volume of 1,816,550. The stock has a market capitalization of $7.67 billion, a P/E ratio of 37.53, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79. The stock has a fifty day moving average of $74.40 and a 200-day moving average of $90.67. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $126.24.

Floor & Decor (NYSE:FND - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. Floor & Decor's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. On average, equities analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Ratings Changes

FND has been the topic of a number of recent research reports. Evercore ISI dropped their target price on Floor & Decor from $95.00 to $90.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. 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. Wells Fargo & Company decreased their price objective on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Mizuho decreased their price objective on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Finally, The Goldman Sachs Group decreased 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. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $93.56.

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.