Fort Washington Investment Advisors Inc. OH Sells 1,900 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Fort Washington Investment Advisors Inc. OH decreased its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 1.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 169,673 shares of the company’s stock after selling 1,900 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Floor & Decor were worth $16,916,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of Floor & Decor by 34.7% in 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 during the last quarter. State Street Corp boosted its position in Floor & Decor by 6.3% in the third quarter. State Street Corp now owns 3,769,808 shares of the company’s stock worth $468,097,000 after purchasing an additional 222,980 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of Floor & Decor by 3.9% during the 3rd quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company’s stock valued at $279,732,000 after purchasing an additional 85,299 shares during the period. Geode Capital Management LLC grew its stake in shares of Floor & Decor by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company’s stock valued at $222,357,000 after purchasing an additional 24,509 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Floor & Decor by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock valued at $200,865,000 after purchasing an additional 223,332 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wedbush reissued an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. Piper Sandler cut 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 report on Monday, October 28th. Wells Fargo & Company raised their target price on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Telsey Advisory Group reissued a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a report on Monday, November 11th. Finally, Stifel Nicolaus upped their price target on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $104.67.

Floor & Decor Stock Performance

Shares of NYSE FND opened at $100.74 on Thursday. The firm’s fifty day moving average is $104.03 and its two-hundred day moving average is $105.18. Floor & Decor Holdings, Inc. has a 52-week low of $89.06 and a 52-week high of $135.67. The company has a market cap of $10.80 billion, a P/E ratio of 55.97, a P/E/G ratio of 11.05 and a beta of 1.84. 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 (NYSE:FND) last posted its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. As a group, analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal year.

About Floor & Decor

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.