Envestnet Portfolio Solutions Inc. Sells 13,644 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Envestnet Portfolio Solutions Inc. lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 65.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,065 shares of the company’s stock after selling 13,644 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Floor & Decor were worth $704,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Floor & Decor during the 3rd quarter worth about $34,000. Whipplewood Advisors LLC acquired a new position in Floor & Decor during the fourth quarter valued at approximately $35,000. Blue Trust Inc. increased its stake in Floor & Decor by 59.9% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the company’s stock valued at $44,000 after purchasing an additional 166 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in Floor & Decor in the fourth quarter worth $49,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Floor & Decor during the fourth quarter worth $49,000.

Floor & Decor Stock Performance

Shares of FND opened at $85.58 on Tuesday. The company has a market cap of $9.19 billion, a PE ratio of 45.04, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. The firm has a 50-day moving average of $95.54 and a 200-day moving average of $103.57. Floor & Decor Holdings, Inc. has a one year low of $80.82 and a one year high of $131.85. 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 released its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. As a group, equities analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FND shares. Wedbush downgraded Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and raised their price target for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, February 21st. Piper Sandler dropped their target price on shares of Floor & Decor from $103.00 to $90.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 price target on shares of Floor & Decor in a report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $104.11.

Floor & Decor Company 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.