Sei Investments Co. Has $25.79 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Sei Investments Co. reduced its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 19.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,635 shares of the company’s stock after selling 60,795 shares during the period. Sei Investments Co. owned approximately 0.24% of Floor & Decor worth $25,786,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of Floor & Decor by 34.7% during the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after buying an additional 1,291,214 shares in the last quarter. Fisher Funds Management LTD acquired a new position in Floor & Decor during the fourth quarter worth about $128,797,000. Madison Investment Advisors LLC bought a new position in shares of Floor & Decor in the fourth quarter worth about $97,552,000. Principal Financial Group Inc. grew its holdings in shares of Floor & Decor by 172.0% during the 4th quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company’s stock valued at $146,037,000 after purchasing an additional 926,208 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Floor & Decor during the 4th quarter worth approximately $54,640,000.

Floor & Decor Trading Down 0.2 %

Shares of Floor & Decor stock opened at $82.81 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. Floor & Decor Holdings, Inc. has a 52 week low of $80.82 and a 52 week high of $131.76. The stock has a 50 day moving average price of $94.99 and a two-hundred day moving average price of $103.26. The stock has a market capitalization of $8.89 billion, a PE ratio of 43.58, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Stifel Nicolaus upgraded Floor & Decor from a “hold” rating to a “buy” rating and increased their target price for the company from $100.00 to $110.00 in a research report on Monday, February 24th. Wedbush cut Floor & Decor from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $110.00 to $100.00 in a report on Friday, February 14th. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Finally, Piper Sandler lowered their target price on shares of Floor & Decor from $103.00 to $90.00 and set a “neutral” rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Floor & Decor presently has an average rating of “Hold” and an average price target of $104.11.

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.