Sei Investments Co. Sells 60,795 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Sei Investments Co. reduced its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 19.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 258,635 shares of the company’s stock after selling 60,795 shares during the quarter. Sei Investments Co.’s holdings in Floor & Decor were worth $25,786,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. FMR LLC raised its holdings in shares of Floor & Decor by 34.7% in the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after purchasing an additional 1,291,214 shares during the last quarter. Fisher Funds Management LTD bought a new stake in Floor & Decor in the 4th quarter worth about $128,797,000. Madison Investment Advisors LLC purchased a new stake in Floor & Decor in the 4th quarter valued at about $97,552,000. Principal Financial Group Inc. lifted its position in shares of Floor & Decor by 172.0% during the 4th quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company’s stock worth $146,037,000 after buying an additional 926,208 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Floor & Decor in the 4th quarter worth approximately $54,640,000.

Floor & Decor Trading Down 0.2 %

Shares of FND stock opened at $82.81 on Thursday. Floor & Decor Holdings, Inc. has a 1 year low of $80.82 and a 1 year high of $131.76. The company’s fifty day simple moving average is $94.99 and its two-hundred day simple moving average is $103.26. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 43.58, a PEG ratio of 19.06 and a beta of 1.95.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.08 billion. As a group, analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Friday, February 21st. Wedbush lowered shares of Floor & Decor from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $110.00 to $100.00 in a research report on Friday, February 14th. Stifel Nicolaus upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $110.00 in a report on Monday, February 24th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 target price on shares of Floor & Decor in a research note on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $104.11.

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.