New York State Common Retirement Fund Has $6.40 Million Position in Floor & Decor Holdings, Inc. (NYSE:FND)

New York State Common Retirement Fund lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 5.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 64,176 shares of the company’s stock after selling 3,500 shares during the period. New York State Common Retirement Fund’s holdings in Floor & Decor were worth $6,398,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FND. Blue Trust Inc. lifted its stake in shares of Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after purchasing an additional 196 shares during the period. Quarry LP acquired a new position in Floor & Decor during the third quarter worth $34,000. Allworth Financial LP lifted its holdings in shares of Floor & Decor by 46.3% in the fourth quarter. Allworth Financial LP now owns 575 shares of the company’s stock valued at $58,000 after purchasing an additional 182 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Floor & Decor during the third quarter valued at about $74,000. Finally, UMB Bank n.a. grew its stake in Floor & Decor by 30.8% in the 4th quarter. UMB Bank n.a. now owns 935 shares of the company’s stock valued at $93,000 after purchasing an additional 220 shares during the period.

Floor & Decor Trading Up 2.2 %

Shares of Floor & Decor stock opened at $102.46 on Thursday. The company has a fifty day moving average of $99.27 and a 200 day moving average of $106.03. The company has a market capitalization of $10.99 billion, a P/E ratio of 53.93, a P/E/G ratio of 19.06 and a beta of 1.83. Floor & Decor Holdings, Inc. has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

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

Analysts Set New Price Targets

FND has been the topic of several recent research reports. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. increased 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. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and increased their price target for the stock from $100.00 to $110.00 in a research note on Monday. Mizuho upped their price target on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Piper Sandler decreased their price target on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Floor & Decor has an average rating of “Hold” and a consensus target price of $106.68.

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.