Harbor Investment Advisory LLC Sells 184 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Harbor Investment Advisory LLC reduced its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 24.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 574 shares of the company’s stock after selling 184 shares during the period. Harbor Investment Advisory LLC’s holdings in Floor & Decor were worth $57,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Quarry LP bought a new stake in shares of Floor & Decor in the 3rd quarter valued at approximately $34,000. Blue Trust Inc. grew its stake in shares of Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after purchasing an additional 196 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Floor & Decor in the 3rd quarter valued at approximately $74,000. UMB Bank n.a. grew its stake in shares of Floor & Decor by 37.8% in the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after purchasing an additional 196 shares during the period. Finally, Trust Co. of Vermont grew its stake in shares of Floor & Decor by 21.1% in the 4th quarter. Trust Co. of Vermont now owns 1,150 shares of the company’s stock valued at $115,000 after purchasing an additional 200 shares during the period.

Floor & Decor Stock Performance

FND stock opened at $100.74 on Thursday. The business’s fifty day moving average is $104.03 and its 200-day moving average is $105.18. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The company has a market cap of $10.80 billion, a P/E ratio of 55.97, a price-to-earnings-growth ratio of 11.05 and a beta of 1.84. Floor & Decor Holdings, Inc. has a twelve month low of $89.06 and a twelve month high of $135.67.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating 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 quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 EPS. Equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a research note on Monday, November 11th. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Wells Fargo & Company increased their price target on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Wedbush restated an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a research report on Friday, October 25th. Finally, Mizuho increased their price target on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. 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. Based on data from MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and a consensus price target of $104.67.

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.