Floor & Decor Holdings, Inc. (NYSE:FND) Stock Holdings Reduced by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,532 shares of the company’s stock after selling 2,771 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Floor & Decor were worth $9,425,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FND. Conway Capital Management Inc. acquired a new stake in shares of Floor & Decor in the third quarter worth about $1,090,000. Massachusetts Financial Services Co. MA lifted its position in shares of Floor & Decor by 221.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after purchasing an additional 333,338 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Floor & Decor by 7.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock valued at $338,000 after acquiring an additional 180 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Floor & Decor by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock valued at $103,003,000 after acquiring an additional 12,109 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in 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 acquiring an additional 16,569 shares in the last quarter.

Analyst Ratings Changes

FND has been the subject of several recent research reports. Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Wedbush lowered Floor & Decor from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $110.00 to $100.00 in a research note on Friday, February 14th. The Goldman Sachs Group lowered Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective on the stock. in a research note on Thursday, January 30th. JPMorgan Chase & Co. upped their price objective on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Finally, Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Friday, February 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $106.68.

Floor & Decor Stock Down 5.7 %

NYSE FND opened at $96.56 on Friday. The firm has a market cap of $10.35 billion, a PE ratio of 50.82, a price-to-earnings-growth ratio of 19.06 and a beta of 1.83. Floor & Decor Holdings, Inc. has a one year low of $89.06 and a one year high of $135.67. The stock’s 50 day simple moving average is $99.25 and its 200 day simple moving average is $105.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

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

About Floor & Decor

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.