Angeles Investment Advisors LLC Sells 285 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Angeles Investment Advisors LLC trimmed its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 12.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,099 shares of the company’s stock after selling 285 shares during the period. Angeles Investment Advisors LLC’s holdings in Floor & Decor were worth $261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FND. Capital Research Global Investors boosted its stake in Floor & Decor by 20.4% in the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock valued at $1,020,348,000 after acquiring an additional 1,334,650 shares during the last quarter. XN LP purchased a new position in Floor & Decor in the second quarter valued at approximately $70,177,000. Lord Abbett & CO. LLC bought a new position in Floor & Decor during the first quarter valued at $24,791,000. Natixis Advisors LLC grew its holdings in Floor & Decor by 94.7% during the second quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock valued at $35,459,000 after purchasing an additional 173,518 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Floor & Decor in the second quarter worth $14,953,000.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wedbush reiterated an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Guggenheim reduced their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Telsey Advisory Group restated a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a research note on Monday. Finally, Stifel Nicolaus raised their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a report on Monday, November 4th. 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. According to MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Stock Up 0.8 %

FND opened at $102.40 on Thursday. The business’s fifty day simple moving average is $110.54 and its 200 day simple moving average is $108.48. Floor & Decor Holdings, Inc. has a 52 week low of $83.56 and a 52 week high of $135.67. 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 stock has a market cap of $10.98 billion, a PE ratio of 56.89, a P/E/G ratio of 13.27 and a beta of 1.83.

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

About Floor & Decor

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.