MetLife Investment Management LLC Sells 998 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

MetLife Investment Management LLC reduced its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 1.7% in the third quarter, Holdings Channel reports. The fund owned 57,092 shares of the company’s stock after selling 998 shares during the quarter. MetLife Investment Management LLC’s holdings in Floor & Decor were worth $7,089,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of FND. Chris Bulman Inc bought a new position in Floor & Decor during the second quarter valued at $30,000. Blue Trust Inc. lifted its position in shares of Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after buying an additional 196 shares during the last quarter. J.Safra Asset Management Corp lifted its position in shares of Floor & Decor by 630.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after buying an additional 372 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Floor & Decor by 36.7% during the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after acquiring an additional 189 shares during the period. Finally, UMB Bank n.a. increased its holdings in Floor & Decor by 37.8% in the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock worth $89,000 after acquiring an additional 196 shares during the last quarter.

Floor & Decor Trading Down 1.6 %

Shares of FND opened at $112.21 on Friday. Floor & Decor Holdings, Inc. has a 1-year low of $89.06 and a 1-year high of $135.67. The company has a market capitalization of $12.03 billion, a P/E ratio of 62.34, a P/E/G ratio of 14.90 and a beta of 1.83. 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 firm’s 50 day simple moving average is $109.85 and its 200 day simple moving average is $108.03.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on FND shares. Telsey Advisory Group reiterated a “market perform” rating and set a $95.00 target price on shares of Floor & Decor in a research report on Monday, November 11th. Melius Research initiated coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They set a “sell” rating and a $80.00 price target on the stock. Piper Sandler reduced their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Guggenheim dropped 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. Finally, Mizuho lifted their price target on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $104.37.

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.