MetLife Investment Management LLC Has $7.09 Million Position in Floor & Decor Holdings, Inc. (NYSE:FND)

MetLife Investment Management LLC cut its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,092 shares of the company’s stock after selling 998 shares during the period. MetLife Investment Management LLC owned about 0.05% of Floor & Decor worth $7,089,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FND. FMR LLC lifted its holdings in shares of Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after purchasing an additional 1,291,214 shares during the period. XN LP acquired a new position in Floor & Decor in the second quarter valued at $70,177,000. Massachusetts Financial Services Co. MA boosted its position in Floor & Decor by 221.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after acquiring an additional 333,338 shares during the last quarter. Natixis Advisors LLC grew its holdings in Floor & Decor by 94.7% during the 2nd quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock worth $35,459,000 after acquiring an additional 173,518 shares during the period. Finally, Dimensional Fund Advisors LP lifted 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 period.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Guggenheim lowered their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. reduced their price target on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Telsey Advisory Group restated a “market perform” rating and issued a $95.00 price target on shares of Floor & Decor in a report on Monday, November 11th. Wells Fargo & Company raised their target price on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Finally, Melius Research initiated coverage on Floor & Decor in a research note on Monday, September 23rd. They set a “sell” rating and a $80.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Stock Performance

Shares of FND stock opened at $112.21 on Friday. Floor & Decor Holdings, Inc. has a one year low of $89.06 and a one year high of $135.67. The company has a market cap of $12.03 billion, a P/E ratio of 62.34, a P/E/G ratio of 14.90 and a beta of 1.83. The firm has a 50-day moving average of $109.85 and a 200-day moving average of $108.03. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Floor & Decor (NYSE:FND) last posted its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. Equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal year.

About Floor & Decor

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.