Trust Point Inc. Lowers Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Trust Point Inc. cut its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FNDFree Report) by 3.6% in the fourth quarter, HoldingsChannel reports. The fund owned 10,156 shares of the company’s stock after selling 384 shares during the period. Trust Point Inc.’s holdings in Floor & Decor were worth $1,013,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC grew its position 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 in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of 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 buying an additional 333,338 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock worth $200,865,000 after buying an additional 223,332 shares in the last quarter. State Street Corp boosted its position in shares of Floor & Decor by 6.3% during the third quarter. State Street Corp now owns 3,769,808 shares of the company’s stock worth $468,097,000 after acquiring an additional 222,980 shares during the last quarter. Finally, DF Dent & Co. Inc. grew its stake in Floor & Decor by 30.2% during the third quarter. DF Dent & Co. Inc. now owns 591,753 shares of the company’s stock valued at $73,478,000 after acquiring an additional 137,388 shares in the last quarter.

Floor & Decor Stock Up 3.0 %

Shares of NYSE FND opened at $99.49 on Wednesday. The company has a market cap of $10.67 billion, a P/E ratio of 55.27, a PEG ratio of 11.07 and a beta of 1.83. The firm has a 50-day simple moving average of $103.12 and a two-hundred day simple moving average of $105.84. Floor & Decor Holdings, Inc. has a 1 year low of $89.06 and a 1 year high of $135.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wedbush reiterated an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a research note on Friday, October 25th. Mizuho increased their price target on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a research note on Monday, November 11th. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Finally, Piper Sandler reduced their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Floor & Decor currently has a consensus rating of “Hold” and a consensus target price of $104.67.

Read Our Latest Stock Report on Floor & Decor

Floor & Decor Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding FND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Floor & Decor Holdings, Inc. (NYSE:FNDFree Report).

Institutional Ownership by Quarter for Floor & Decor (NYSE:FND)

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