Voya Investment Management LLC Reduces Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Voya Investment Management LLC decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 17.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,120 shares of the company's stock after selling 5,495 shares during the quarter. Voya Investment Management LLC's holdings in Floor & Decor were worth $2,504,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Huntington National Bank lifted its holdings in 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 buying an additional 188 shares during the period. Whipplewood Advisors LLC purchased a new position in Floor & Decor during the fourth quarter valued at approximately $35,000. Blue Trust Inc. grew its position in Floor & Decor by 59.9% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the company's stock worth $44,000 after acquiring an additional 166 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Floor & Decor during the fourth quarter valued at approximately $49,000. Finally, Allworth Financial LP lifted its stake in Floor & Decor by 46.3% in the fourth quarter. Allworth Financial LP now owns 575 shares of the company's stock worth $58,000 after acquiring an additional 182 shares during the period.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FND shares. 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 report on Friday, May 2nd. Gordon Haskett cut shares of Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Robert W. Baird dropped their target price on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. The Goldman Sachs Group decreased 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 note on Friday, May 2nd. Finally, Telsey Advisory Group restated an "outperform" rating and set a $115.00 price objective on shares of Floor & Decor in a research report on Monday, April 28th. 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $93.56.

Floor & Decor Stock Performance

NYSE:FND traded up $0.98 on Thursday, hitting $74.38. The company's stock had a trading volume of 429,953 shares, compared to its average volume of 1,746,025. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average of $78.34 and a two-hundred day moving average of $94.23. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $126.74. The firm has a market capitalization of $7.99 billion, a P/E ratio of 39.15, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79.

Floor & Decor (NYSE:FND - Get Free Report) last released 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. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The firm's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Research analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

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.