Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Conway Capital Management Inc.

Conway Capital Management Inc. lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 14.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,525 shares of the company’s stock after selling 1,250 shares during the period. Floor & Decor accounts for about 0.3% of Conway Capital Management Inc.’s holdings, making the stock its 29th biggest position. Conway Capital Management Inc.’s holdings in Floor & Decor were worth $750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FND. Dimensional Fund Advisors LP grew its stake in shares of Floor & Decor by 15.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock valued at $83,810,000 after purchasing an additional 115,876 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Floor & Decor by 7.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company’s stock valued at $236,000 after buying an additional 169 shares during the last quarter. Ensign Peak Advisors Inc increased its stake in Floor & Decor by 4.9% in the 2nd quarter. Ensign Peak Advisors Inc now owns 35,131 shares of the company’s stock valued at $3,492,000 after buying an additional 1,650 shares during the period. Marshall Wace LLP purchased a new position in Floor & Decor during the 2nd quarter worth $1,508,000. Finally, Fred Alger Management LLC lifted its stake in shares of Floor & Decor by 2.8% in the 2nd quarter. Fred Alger Management LLC now owns 65,747 shares of the company’s stock worth $6,536,000 after acquiring an additional 1,808 shares during the period.

Analyst Ratings Changes

FND has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Wedbush reissued an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a research note on Friday, October 25th. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Piper Sandler cut their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $95.00 target price on shares of Floor & Decor in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $104.67.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $102.14 on Friday. Floor & Decor Holdings, Inc. has a one year low of $89.06 and a one year high of $135.67. The stock has a market cap of $10.95 billion, a PE ratio of 56.75, a price-to-earnings-growth ratio of 11.34 and a beta of 1.84. The business’s fifty day moving average price is $104.03 and its two-hundred day moving average price is $105.16. 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 quarterly earnings data on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. On average, analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal year.

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.