Floor & Decor Holdings, Inc. (NYSE:FND) Stock Holdings Lowered by Stifel Financial Corp

Stifel Financial Corp cut its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 29.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,048 shares of the company's stock after selling 40,681 shares during the quarter. Stifel Financial Corp owned 0.09% of Floor & Decor worth $9,775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in shares of Floor & Decor by 339.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,473 shares of the company's stock valued at $944,000 after buying an additional 7,318 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Floor & Decor by 8.8% in the 4th quarter. MetLife Investment Management LLC now owns 62,096 shares of the company's stock worth $6,191,000 after acquiring an additional 5,004 shares during the period. Natixis acquired a new stake in shares of Floor & Decor in the 4th quarter valued at approximately $1,883,000. Capital Research Global Investors boosted its holdings in Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock worth $1,327,653,000 after buying an additional 5,784,573 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Floor & Decor by 5.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 873,014 shares of the company's stock worth $87,043,000 after buying an additional 43,681 shares in the last quarter.

Floor & Decor Stock Up 2.7 %

FND traded up $1.96 on Friday, reaching $74.21. The company's stock had a trading volume of 6,096,879 shares, compared to its average volume of 1,738,675. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The business's 50 day moving average is $79.84 and its 200 day moving average is $94.87. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. 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 prior year, the firm posted $0.46 earnings per share. Floor & Decor's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, research analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on FND. Telsey Advisory Group restated an "outperform" rating and issued a $115.00 price target on shares of Floor & Decor in a report on Monday, April 28th. JPMorgan Chase & Co. upped their price objective on Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Mizuho reduced their target price on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday. Evercore ISI lowered their target price on shares of Floor & Decor from $95.00 to $90.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Finally, Guggenheim decreased their price target on Floor & Decor from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $96.33.

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.