Xn LP Sells 623,486 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Xn LP decreased its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 50.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 613,738 shares of the company's stock after selling 623,486 shares during the quarter. Floor & Decor comprises 2.4% of Xn LP's portfolio, making the stock its 15th biggest holding. Xn LP owned about 0.57% of Floor & Decor worth $61,190,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of FND. JPMorgan Chase & Co. boosted its holdings in shares of Floor & Decor by 16.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock worth $200,865,000 after purchasing an additional 223,332 shares during the period. Trust Co. of Vermont boosted its holdings in shares of Floor & Decor by 21.1% in the 4th quarter. Trust Co. of Vermont now owns 1,150 shares of the company's stock worth $115,000 after purchasing an additional 200 shares during the period. UMB Bank n.a. boosted its holdings in shares of Floor & Decor by 30.8% in the 4th quarter. UMB Bank n.a. now owns 935 shares of the company's stock worth $93,000 after purchasing an additional 220 shares during the period. Bennett Selby Investments LP boosted its holdings in shares of Floor & Decor by 1.5% in the 4th quarter. Bennett Selby Investments LP now owns 114,358 shares of the company's stock worth $11,401,000 after purchasing an additional 1,648 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock worth $44,000 after purchasing an additional 166 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Gordon Haskett cut Floor & Decor from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 target price on shares of Floor & Decor in a report on Monday, April 28th. Guggenheim dropped their price objective on Floor & Decor from $115.00 to $100.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Loop Capital dropped their price objective on Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a report on Tuesday, May 6th. Finally, Mizuho dropped 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. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $93.56.

Floor & Decor Trading Down 0.4%

FND opened at $79.19 on Tuesday. The firm has a market cap of $8.52 billion, a price-to-earnings ratio of 41.68, a PEG ratio of 19.06 and a beta of 1.79. 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 12 month low of $66.01 and a 12 month high of $126.24. The stock has a fifty day moving average price of $76.58 and a 200-day moving average price of $92.77.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $1.16 billion during 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%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. As a group, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal 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.

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