Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 94,532 shares of the company’s stock after selling 2,771 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.09% of Floor & Decor worth $9,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Conway Capital Management Inc. acquired a new stake in Floor & Decor in the 3rd quarter valued at approximately $1,090,000. Massachusetts Financial Services Co. MA increased its position in Floor & Decor by 221.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after acquiring an additional 333,338 shares during the period. Sanctuary Advisors LLC increased its position in Floor & Decor by 7.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock valued at $338,000 after acquiring an additional 180 shares during the period. Charles Schwab Investment Management Inc. increased its position in Floor & Decor by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock valued at $103,003,000 after acquiring an additional 12,109 shares during the period. Finally, Citigroup Inc. increased its position in Floor & Decor by 27.2% in the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock valued at $9,632,000 after acquiring an additional 16,569 shares during the period.

Floor & Decor Stock Performance

FND opened at $96.56 on Friday. The firm has a market cap of $10.35 billion, a PE ratio of 50.82, a P/E/G ratio of 19.06 and a beta of 1.83. The business has a fifty day simple moving average of $99.25 and a 200-day simple moving average of $105.96. 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 Holdings, Inc. has a fifty-two week low of $89.06 and a fifty-two week high of $135.67.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. As a group, equities analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on FND shares. Wedbush cut Floor & Decor from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $110.00 to $100.00 in a research report on Friday, February 14th. Piper Sandler lowered their price target on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday, February 21st. 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. Finally, The Goldman Sachs Group cut Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $106.68.

Floor & Decor 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.