New York State Common Retirement Fund Cuts Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

New York State Common Retirement Fund reduced its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,749 shares of the company's stock after selling 14,698 shares during the period. New York State Common Retirement Fund owned approximately 0.18% of Floor & Decor worth $20,945,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FND. DekaBank Deutsche Girozentrale bought a new position in shares of Floor & Decor in the 3rd quarter worth $30,000. Mendota Financial Group LLC bought a new position in shares of Floor & Decor in the 4th quarter worth $33,000. Y.D. More Investments Ltd bought a new position in shares of Floor & Decor in the 3rd quarter worth $45,000. NBC Securities Inc. bought a new position in shares of Floor & Decor in the 3rd quarter worth $60,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Floor & Decor by 24.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company's stock worth $64,000 after purchasing an additional 113 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Bank of America increased their price target on Floor & Decor from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, March 14th. Evercore ISI lowered their price target on Floor & Decor from $125.00 to $120.00 and set an "in-line" rating for the company in a research report on Tuesday, April 16th. Wells Fargo & Company lowered Floor & Decor from an "overweight" rating to an "equal weight" rating and increased their price target for the company from $85.00 to $105.00 in a research report on Thursday, January 4th. Sanford C. Bernstein lowered Floor & Decor from an "outperform" rating to a "market perform" rating and increased their price target for the company from $100.00 to $115.00 in a research report on Tuesday, January 16th. Finally, Mizuho assumed coverage on Floor & Decor in a research report on Tuesday, March 19th. They issued a "neutral" rating and a $115.00 price target for the company. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $110.19.

Floor & Decor Stock Performance

FND traded up $2.87 during trading hours on Friday, hitting $110.93. The stock had a trading volume of 1,060,235 shares, compared to its average volume of 1,096,117. The company's fifty day simple moving average is $118.98 and its 200 day simple moving average is $105.46. Floor & Decor Holdings, Inc. has a 1 year low of $76.30 and a 1 year high of $135.67. The stock has a market cap of $11.84 billion, a PE ratio of 48.87, a price-to-earnings-growth ratio of 5.34 and a beta of 1.85. The company has a quick ratio of 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.07. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $0.64 EPS. The firm's revenue for the quarter was up .0% on a year-over-year basis. Equities analysts anticipate that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current year.

Insiders Place Their Bets

In other Floor & Decor news, CAO David Victor Christopherson sold 6,850 shares of the firm's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the completion of the transaction, the chief accounting officer now owns 25,271 shares in the company, valued at approximately $2,999,667.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Floor & Decor news, CAO David Victor Christopherson sold 6,850 shares of the firm's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the completion of the transaction, the chief accounting officer now owns 25,271 shares in the company, valued at approximately $2,999,667.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Bryan Langley sold 5,865 shares of the firm's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total value of $702,978.90. Following the completion of the transaction, the chief financial officer now owns 17,422 shares of the company's stock, valued at approximately $2,088,200.92. The disclosure for this sale can be found here. Insiders sold a total of 90,867 shares of company stock worth $11,016,089 in the last quarter. 2.10% of the stock is owned by company insiders.

Floor & Decor Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.