New York Life Investment Management LLC Lowers Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

New York Life Investment Management LLC lowered its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,226 shares of the company’s stock after selling 868 shares during the quarter. New York Life Investment Management LLC’s holdings in Floor & Decor were worth $1,119,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FND. Private Advisor Group LLC purchased a new position in Floor & Decor during the third quarter valued at approximately $208,000. First Trust Direct Indexing L.P. lifted its holdings in Floor & Decor by 17.8% during the third quarter. First Trust Direct Indexing L.P. now owns 2,549 shares of the company’s stock valued at $317,000 after purchasing an additional 386 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Floor & Decor by 6.0% during the third quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock valued at $66,872,000 after purchasing an additional 30,310 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in Floor & Decor by 63.9% during the third quarter. Verdence Capital Advisors LLC now owns 4,890 shares of the company’s stock valued at $607,000 after purchasing an additional 1,907 shares in the last quarter. Finally, Bridges Investment Management Inc. lifted its holdings in Floor & Decor by 2,010.5% during the third quarter. Bridges Investment Management Inc. now owns 88,027 shares of the company’s stock valued at $10,930,000 after purchasing an additional 83,856 shares in the last quarter.

Floor & Decor Trading Down 4.7 %

FND stock opened at $92.07 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a twelve month low of $89.06 and a twelve month high of $135.67. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of 48.46, a price-to-earnings-growth ratio of 19.06 and a beta of 1.83. The firm’s fifty day simple moving average is $99.16 and its two-hundred day simple moving average is $105.98.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.14. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. As a group, analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FND. Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 target price on shares of Floor & Decor in a report on Friday, February 21st. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Gordon Haskett raised shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Friday, February 21st. The Goldman Sachs Group downgraded shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a research note on Thursday, January 30th. Finally, Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and upped their price target for the company from $100.00 to $110.00 in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $106.68.

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.