Shell Asset Management is selling 568 shares of Floor & Decor Holdings, Inc. (NYSE: FND)


Shell Asset Management has reduced its stake in Floor & Decor Holdings, Inc. (NYSE: FND – Get Rating) fell 12.9% in the first quarter, according to its latest filing with the Securities and Exchange Commission. The institutional investor owned 3,848 shares of the company’s stock after selling 568 shares during the quarter. Shell Asset Management’s property in Floor & Decor was valued at $312,000 at the end of the last quarter.

Many other institutional investors have also added to or reduced their stakes in FND. Zadat Quadrant Capital Group LLC | of its stake in Floor & Decor by 163.6% in the fourth quarter. Quadrant Capital Group LLC now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 126 shares last quarter. Confluence Wealth Services Inc. A new position in Stock & Decor in the 4th quarter valued at approximately $30,000. Ellevest Inc increased its stake in shares of Floor & Decor by 40.5% in the first quarter. Ellevest Inc. owns. Now 617 shares of the company’s stock are valued at $50,000 after acquiring an additional 178 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Floor & Decor in the fourth quarter valued at approximately $52,000. Finally, Hardy Reed LLC purchased new shares of Floor & Decor in the first quarter valued at approximately $85,000. 96.48% of the shares are currently owned by institutional investors.

Wall Street Analyst Weighs In

Several research analysts have recently released stock reports. Goldman Sachs Group lowered shares of Floor & Decor from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $109.00 to $64.00 in a research note on Monday, June 27. UBS Group lowered its price target for Floor & Decor from $120.00 to $110.00 and assigned a “buy” rating to the stock in a research report on Monday, July 25th. MKM Partners assumed coverage of shares of Floor & Decor in a research report on Thursday, June 23. They have set a “neutral” rating and a target price of $65.00 per share. Wells Fargo & Company lowered its price target for Floor & Decor stock from $105.00 to $95.00 and assigned an “overweight” rating to the stock in a research report on Wednesday, June 8th. Finally, Citigroup lowered its price target for Floor & Decor shares from $137.00 to $106.00 in a research report on Friday, May 13th. Five equities research analysts have rated the stock with a hold rating, and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $105.07.

Stock flooring performance and decoration

FND opened at $92.92 on Friday. The company’s current ratio is 1.21, a quick ratio of 0.16 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $9.84 billion, a price-earnings ratio of 36.02, a price-earnings ratio of 1.22 and a beta 1.85. The company’s 50-day moving average is $72.97 and its 200-day moving average is $83.83. Floor & Decor Holdings, Inc. register A 12-month low of $59.91 and a 12-month high of $145.89.
Floor & Decor (NYSE: FND – Get Rating) published its latest quarterly earnings data on Thursday, August 4th. The company reported earnings of $0.76 per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. The company generated $1.09 billion in revenue for the quarter, compared to the consensus estimate of $1.07 billion. Floor & Decor’s net profit margin was 7.57%, and the return on equity was 20.21%. The company’s revenue increased by 26.7% compared to the same quarter last year. During the same quarter last year, the company reported earnings of $0.73 per share. On average, equity research analysts expect Floor & Decor Holdings, Inc. 2.84 EPS for the current year.

Floor profile and decoration

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Floor & Decor Holdings, Inc. operates as a specialized multi-channel retailer and commercial flooring distributor of hard surface floors and related accessories. The company’s stores offer tile, wood, laminate, vinyl and natural stone flooring products, as well as decorative and installation accessories.

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Institutional Ownership by Quarter for Flooring and Decor (NYSE: FND)



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