Alliancebernstein L.P. Reduces Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Alliancebernstein L.P. decreased its position in shares of Floor & Decor Holdings, Inc. (NYSE:FNDGet Rating) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,055,137 shares of the company’s stock after selling 122,117 shares during the quarter. Alliancebernstein L.P. owned approximately 1.95% of Floor & Decor worth $267,188,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. WCM Investment Management LLC grew its holdings in shares of Floor & Decor by 4.5% during the fourth quarter. WCM Investment Management LLC now owns 3,069,735 shares of the company’s stock worth $399,096,000 after purchasing an additional 132,949 shares during the last quarter. State Street Corp boosted its stake in shares of Floor & Decor by 10.6% during the fourth quarter. State Street Corp now owns 2,159,497 shares of the company’s stock worth $280,756,000 after buying an additional 206,424 shares during the period. Invesco Ltd. boosted its stake in shares of Floor & Decor by 13.6% during the fourth quarter. Invesco Ltd. now owns 2,024,606 shares of the company’s stock worth $263,218,000 after buying an additional 242,775 shares during the period. Bamco Inc. NY boosted its stake in shares of Floor & Decor by 1.4% during the third quarter. Bamco Inc. NY now owns 1,664,622 shares of the company’s stock worth $201,070,000 after buying an additional 22,190 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Floor & Decor by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,259,714 shares of the company’s stock worth $163,775,000 after buying an additional 33,169 shares during the period. 96.48% of the stock is currently owned by institutional investors.

Several equities research analysts have recently weighed in on the stock. Loop Capital decreased their target price on shares of Floor & Decor from $135.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, February 28th. Piper Sandler decreased their target price on shares of Floor & Decor from $136.00 to $102.00 in a research note on Thursday, April 7th. Jefferies Financial Group decreased their target price on shares of Floor & Decor from $150.00 to $146.00 and set a “buy” rating for the company in a research note on Thursday, March 17th. TheStreet downgraded shares of Floor & Decor from a “b” rating to a “c+” rating in a research note on Tuesday, March 22nd. Finally, Gordon Haskett downgraded shares of Floor & Decor from a “buy” rating to an “accumulate” rating in a research report on Friday, May 6th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $123.23.

Shares of FND opened at $77.92 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.21 and a quick ratio of 0.16. The firm has a 50 day simple moving average of $80.64 and a 200-day simple moving average of $101.94. Floor & Decor Holdings, Inc. has a 1-year low of $65.12 and a 1-year high of $145.89. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 1.07 and a beta of 1.76.

Floor & Decor (NYSE:FNDGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. Floor & Decor had a net margin of 7.57% and a return on equity of 20.21%. The company’s revenue was up 31.5% on a year-over-year basis. During the same period last year, the company posted $0.68 EPS. On average, equities analysts expect that Floor & Decor Holdings, Inc. will post 2.89 earnings per share for the current fiscal year.

In other news, Director William T. Giles bought 2,000 shares of the stock in a transaction on Tuesday, March 1st. The stock was purchased at an average cost of $96.00 per share, with a total value of $192,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.70% of the stock is currently owned by insiders.

Floor & Decor Company Profile (Get Rating)

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.

Further Reading

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

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