New York Life Investment Management LLC Cuts Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

New York Life Investment Management LLC decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 7.2% during the fourth quarter, HoldingsChannel reports. The firm owned 11,226 shares of the company’s stock after selling 868 shares during the period. New York Life Investment Management LLC’s holdings in Floor & Decor were worth $1,119,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Louisiana State Employees Retirement System increased its position in Floor & Decor by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock valued at $2,971,000 after purchasing an additional 100 shares during the period. CIBC Asset Management Inc increased its position in Floor & Decor by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock valued at $386,000 after purchasing an additional 110 shares during the period. Tidal Investments LLC increased its position in Floor & Decor by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock valued at $835,000 after purchasing an additional 130 shares during the period. Sanctuary Advisors LLC increased its position in Floor & Decor by 4.9% during the 4th quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company’s stock valued at $296,000 after purchasing an additional 133 shares during the period. Finally, Amalgamated Bank increased its position in Floor & Decor by 0.3% during the 4th quarter. Amalgamated Bank now owns 51,679 shares of the company’s stock valued at $5,152,000 after purchasing an additional 156 shares during the period.

Floor & Decor Stock Performance

FND opened at $92.07 on Tuesday. Floor & Decor Holdings, Inc. has a 12-month low of $89.06 and a 12-month high of $135.67. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $9.87 billion, a PE ratio of 48.46, a P/E/G ratio of 19.06 and a beta of 1.83. The firm has a 50 day moving average of $99.16 and a two-hundred day moving average of $105.98.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. On average, analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Wall Street Analyst Weigh In

FND has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Gordon Haskett upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday, February 21st. Piper Sandler lowered their price target on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Finally, Stifel Nicolaus upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and raised their price target for the company from $100.00 to $110.00 in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $106.68.

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.