Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Catalytic Wealth RIA LLC

Catalytic Wealth RIA LLC decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 7.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,590 shares of the company’s stock after selling 214 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in Floor & Decor were worth $322,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FND. Crossmark Global Holdings Inc. increased its position in shares of Floor & Decor by 5.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 7,290 shares of the company’s stock worth $906,000 after purchasing an additional 350 shares during the last quarter. Atria Investments Inc increased its position in shares of Floor & Decor by 4.0% during the third quarter. Atria Investments Inc now owns 7,004 shares of the company’s stock valued at $870,000 after acquiring an additional 267 shares during the last quarter. Bridges Investment Management Inc. raised its stake in shares of Floor & Decor by 2,010.5% in the 3rd quarter. Bridges Investment Management Inc. now owns 88,027 shares of the company’s stock valued at $10,930,000 after acquiring an additional 83,856 shares during the period. Verdence Capital Advisors LLC lifted its holdings in shares of Floor & Decor by 63.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 4,890 shares of the company’s stock worth $607,000 after acquiring an additional 1,907 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Floor & Decor by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock worth $66,872,000 after acquiring an additional 30,310 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FND shares. Wells Fargo & Company boosted their price objective on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Melius Research began coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They set a “sell” rating and a $80.00 target price for the company. JPMorgan Chase & Co. cut their price target on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Mizuho upped their price objective on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Guggenheim cut their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and a consensus target price of $104.37.

Floor & Decor Stock Up 3.8 %

FND opened at $104.26 on Tuesday. The business has a 50 day moving average price of $110.76 and a two-hundred day moving average price of $108.59. Floor & Decor Holdings, Inc. has a 52 week low of $77.82 and a 52 week high of $135.67. The company has a market cap of $11.18 billion, a PE ratio of 57.92, a P/E/G ratio of 13.12 and a beta of 1.83. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. Floor & Decor’s quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Floor & Decor Company 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.