Artisan Partners Limited Partnership Sells 127,796 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Artisan Partners Limited Partnership trimmed its position in Floor & Decor Holdings, Inc. (NYSE:FNDGet Rating) by 14.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 737,206 shares of the company’s stock after selling 127,796 shares during the period. Artisan Partners Limited Partnership’s holdings in Floor & Decor were worth $46,414,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of FND. CWM LLC lifted its stake in shares of Floor & Decor by 61.9% in the 2nd quarter. CWM LLC now owns 434 shares of the company’s stock valued at $27,000 after acquiring an additional 166 shares during the last quarter. Boston Partners bought a new position in Floor & Decor during the 1st quarter worth $31,000. SJS Investment Consulting Inc. bought a new position in Floor & Decor during the 1st quarter worth $32,000. Ellevest Inc. raised its position in Floor & Decor by 44.4% during the 2nd quarter. Ellevest Inc. now owns 891 shares of the company’s stock worth $56,000 after purchasing an additional 274 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Floor & Decor during the 1st quarter worth $57,000.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of Floor & Decor in a research report on Thursday, August 11th. Telsey Advisory Group lowered their target price on Floor & Decor from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, October 31st. Piper Sandler lowered their target price on Floor & Decor from $80.00 to $66.00 and set a “neutral” rating for the company in a research report on Friday, November 4th. Citigroup raised their target price on Floor & Decor from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley lowered their price objective on Floor & Decor from $100.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, November 4th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $92.93.

Floor & Decor Stock Performance

Shares of FND opened at $74.03 on Thursday. The company has a market cap of $7.86 billion, a PE ratio of 28.58, a P/E/G ratio of 1.16 and a beta of 1.76. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.17. Floor & Decor Holdings, Inc. has a one year low of $59.91 and a one year high of $134.95. The stock has a 50-day moving average of $72.59 and a 200-day moving average of $75.36.

Floor & Decor (NYSE:FNDGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a return on equity of 18.96% and a net margin of 6.75%. On average, equities research analysts predict that Floor & Decor Holdings, Inc. will post 2.71 EPS for the current fiscal year.

About Floor & Decor

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Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.

See Also

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Institutional Ownership by Quarter for Floor & Decor (NYSE:FND)

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