Catalytic Wealth RIA LLC Cuts Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Catalytic Wealth RIA LLC lowered its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 7.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,590 shares of the company’s stock after selling 214 shares during the period. Catalytic Wealth RIA LLC’s holdings in Floor & Decor were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after purchasing an additional 196 shares during the last quarter. Chris Bulman Inc bought a new stake in shares of Floor & Decor in the 2nd quarter valued at about $30,000. J.Safra Asset Management Corp boosted its holdings in shares of Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after buying an additional 372 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Floor & Decor by 36.7% in the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after buying an additional 189 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Floor & Decor by 37.8% during the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock worth $89,000 after acquiring an additional 196 shares in the last quarter.

Floor & Decor Trading Up 3.8 %

Shares of Floor & Decor stock opened at $104.26 on Tuesday. The firm has a 50-day simple moving average of $110.76 and a two-hundred day simple moving average of $108.59. 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 Holdings, Inc. has a fifty-two week low of $77.82 and a fifty-two week high of $135.67. The company has a market cap of $11.18 billion, a P/E ratio of 57.92, a price-to-earnings-growth ratio of 13.12 and a beta of 1.83.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. As a group, equities analysts predict that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FND has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Citigroup reduced their target price on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. Mizuho boosted their price target on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Piper Sandler decreased 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. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $95.00 target price on shares of Floor & Decor in a research report on Monday. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $104.37.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.