Teachers Retirement System of The State of Kentucky Has $4.30 Million Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Teachers Retirement System of The State of Kentucky lessened its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,660 shares of the company’s stock after selling 940 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Floor & Decor were worth $4,303,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in Floor & Decor by 39.8% in the second quarter. SG Americas Securities LLC now owns 5,659 shares of the company’s stock valued at $563,000 after acquiring an additional 1,610 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Floor & Decor by 42.8% during the second quarter. Fifth Third Bancorp now owns 2,308 shares of the company’s stock worth $229,000 after purchasing an additional 692 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in Floor & Decor in the second quarter valued at about $324,000. &PARTNERS acquired a new position in Floor & Decor in the second quarter valued at about $325,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Floor & Decor by 6.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,116 shares of the company’s stock worth $2,199,000 after buying an additional 1,435 shares during the last quarter.

Analyst Upgrades and Downgrades

FND has been the subject of a number of recent analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a research note on Friday, October 25th. Piper Sandler lowered their target price on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Telsey Advisory Group reissued a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a research report on Monday, November 11th. Melius Research started coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price objective for the company. Finally, Stifel Nicolaus lifted their target price on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $104.37.

Floor & Decor Price Performance

NYSE FND opened at $110.35 on Friday. The firm’s 50 day moving average is $107.90 and its 200-day moving average is $107.51. 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 capitalization of $11.83 billion, a PE ratio of 61.31, a price-to-earnings-growth ratio of 14.75 and a beta of 1.82. Floor & Decor Holdings, Inc. has a 12-month low of $89.06 and a 12-month high of $135.67.

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