Bamco Inc. NY Cuts Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Bamco Inc. NY reduced its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,125,941 shares of the company's stock after selling 126,814 shares during the period. Bamco Inc. NY owned about 1.05% of Floor & Decor worth $112,256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Floor & Decor during the third quarter worth about $74,000. Tidal Investments LLC increased its position in Floor & Decor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 6,721 shares of the company's stock valued at $835,000 after acquiring an additional 130 shares during the period. Principal Financial Group Inc. raised its stake in shares of Floor & Decor by 6.0% during the third quarter. Principal Financial Group Inc. now owns 538,555 shares of the company's stock valued at $66,872,000 after acquiring an additional 30,310 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Floor & Decor by 16.0% during the third 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. Finally, GAMMA Investing LLC grew its stake in shares of Floor & Decor by 15.1% in the fourth quarter. GAMMA Investing LLC now owns 1,619 shares of the company's stock worth $161,000 after purchasing an additional 212 shares during the last quarter.

Floor & Decor Stock Up 0.5 %

NYSE FND traded up $0.41 during mid-day trading on Friday, hitting $75.60. The company's stock had a trading volume of 1,111,543 shares, compared to its average volume of 2,172,829. The firm has a market capitalization of $8.12 billion, a price-to-earnings ratio of 39.79, a PEG ratio of 19.06 and a beta of 1.79. The company's 50 day simple moving average is $78.00 and its 200 day simple moving average is $94.02. 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 twelve month low of $66.01 and a twelve month high of $126.74.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings data 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 net margin of 4.62% and a return on equity of 9.80%. The firm had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same period last year, the company earned $0.46 earnings per share. The business's revenue was up 5.8% on a year-over-year basis. Analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Upgrades and Downgrades

FND has been the subject of several analyst reports. Barclays lowered their target price on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Mizuho cut their price objective on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Telsey Advisory Group reissued an "outperform" rating and set a $115.00 target price on shares of Floor & Decor in a research report on Monday, April 28th. The Goldman Sachs Group dropped their price target on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a research report on Friday, May 2nd. Finally, Guggenheim decreased their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Floor & Decor has a consensus rating of "Hold" and a consensus target price 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.