JPMorgan Chase & Co. Has $141.36 Million Position in Floor & Decor Holdings, Inc. (NYSE:FND)

JPMorgan Chase & Co. trimmed its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 12.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,417,845 shares of the company’s stock after selling 199,813 shares during the quarter. JPMorgan Chase & Co.’s holdings in Floor & Decor were worth $141,359,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cerity Partners LLC increased its position in Floor & Decor by 66.2% in the 3rd quarter. Cerity Partners LLC now owns 4,377 shares of the company’s stock valued at $543,000 after buying an additional 1,744 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Floor & Decor by 16.9% during the third quarter. BNP Paribas Financial Markets now owns 22,569 shares of the company’s stock valued at $2,802,000 after acquiring an additional 3,268 shares in the last quarter. Townsquare Capital LLC bought a new stake in shares of Floor & Decor during the third quarter valued at approximately $227,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Floor & Decor by 2.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,615 shares of the company’s stock worth $2,808,000 after purchasing an additional 499 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Floor & Decor by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 280,158 shares of the company’s stock worth $34,787,000 after purchasing an additional 3,103 shares in the last quarter.

Analyst Upgrades and Downgrades

FND has been the topic of several research reports. Evercore ISI lowered their price objective on shares of Floor & Decor from $95.00 to $90.00 and set an “in-line” rating on the stock in a report on Tuesday. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price objective on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Telsey Advisory Group restated an “outperform” rating and issued a $115.00 target price on shares of Floor & Decor in a report on Friday, February 21st. Finally, Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and lifted their target price for the company from $100.00 to $110.00 in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $103.56.

Floor & Decor Trading Down 0.8 %

Shares of FND stock opened at $79.82 on Wednesday. Floor & Decor Holdings, Inc. has a 12-month low of $78.04 and a 12-month high of $126.74. 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 50 day moving average of $93.49 and a 200-day moving average of $102.45. The firm has a market cap of $8.57 billion, a P/E ratio of 42.01, a PEG ratio of 19.06 and a beta of 1.95.

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

Floor & Decor 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.