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

Bamco Inc. NY reduced its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 10.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,125,941 shares of the company's stock after selling 126,814 shares during the quarter. Bamco Inc. NY owned approximately 1.05% of Floor & Decor worth $112,256,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Huntington National Bank raised its position in shares of Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock valued at $34,000 after purchasing an additional 188 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Floor & Decor in the fourth quarter valued at about $35,000. Blue Trust Inc. increased its position in Floor & Decor by 59.9% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the company's stock worth $44,000 after acquiring an additional 166 shares during the period. Bank of Jackson Hole Trust bought a new stake in Floor & Decor in the 4th quarter valued at about $49,000. Finally, Allworth Financial LP lifted its stake 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 purchasing an additional 182 shares during the last quarter.

Floor & Decor Stock Performance

Floor & Decor stock traded up $0.18 during mid-day trading on Wednesday, reaching $73.31. 1,969,271 shares of the company's stock were exchanged, compared to its average volume of 1,750,799. The business's fifty day simple moving average is $78.34 and its 200 day simple moving average is $94.23. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $7.87 billion, a PE ratio of 38.59, a P/E/G ratio of 19.06 and a beta of 1.79. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $126.74.

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

Analyst Ratings Changes

Several brokerages recently issued reports on FND. Piper Sandler decreased their price target on shares of Floor & Decor from $90.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. 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. Gordon Haskett downgraded Floor & Decor from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Stifel Nicolaus decreased their target price 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. Finally, Guggenheim reduced their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $93.56.

About Floor & Decor

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.