M&T Bank Corp Lowers Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

M&T Bank Corp reduced its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,882 shares of the company’s stock after selling 236 shares during the quarter. M&T Bank Corp’s holdings in Floor & Decor were worth $483,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of FND. Massachusetts Financial Services Co. MA raised its holdings in shares of Floor & Decor by 221.6% in 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 in the last quarter. Citigroup Inc. raised its holdings in shares of Floor & Decor by 27.2% in the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock valued at $9,632,000 after purchasing an additional 16,569 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Floor & Decor by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock worth $103,003,000 after purchasing an additional 12,109 shares during the period. Principal Financial Group Inc. boosted its stake in shares of 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. Finally, Scientech Research LLC increased its holdings in Floor & Decor by 353.0% during the second quarter. Scientech Research LLC now owns 17,773 shares of the company’s stock valued at $1,767,000 after buying an additional 13,850 shares during the period.

Floor & Decor Trading Up 0.7 %

Floor & Decor stock opened at $108.52 on Wednesday. Floor & Decor Holdings, Inc. has a 52 week low of $89.06 and a 52 week high of $135.67. The stock has a 50-day moving average price of $107.81 and a 200 day moving average price of $107.39. 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 $11.64 billion, a price-to-earnings ratio of 60.29, a price-to-earnings-growth ratio of 14.75 and a beta of 1.82.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 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 business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. Sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Telsey Advisory Group restated a “market perform” rating and set a $95.00 target price on shares of Floor & Decor in a report on Monday, November 11th. Melius Research assumed coverage on Floor & Decor in a research note on Monday, September 23rd. They set a “sell” rating and a $80.00 price objective for the company. Wedbush reiterated an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a research note on Friday, October 25th. Mizuho increased their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company lifted their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Profile

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.