Floor & Decor Holdings, Inc. $FND Shares Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 5.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 925,149 shares of the company’s stock after selling 57,842 shares during the period. Van Berkom & Associates Inc. owned 0.87% of Floor & Decor worth $42,381,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arizona State Retirement System increased its stake in shares of Floor & Decor by 0.8% during the second quarter. Arizona State Retirement System now owns 29,826 shares of the company’s stock valued at $1,770,000 after buying an additional 224 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Floor & Decor by 20.2% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,703 shares of the company’s stock valued at $78,000 after acquiring an additional 286 shares in the last quarter. State of Michigan Retirement System raised its holdings in shares of Floor & Decor by 1.6% during the first quarter. State of Michigan Retirement System now owns 25,900 shares of the company’s stock valued at $1,316,000 after acquiring an additional 400 shares in the last quarter. Gibbs Wealth Management raised its holdings in shares of Floor & Decor by 6.8% during the third quarter. Gibbs Wealth Management now owns 8,037 shares of the company’s stock valued at $368,000 after acquiring an additional 511 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Floor & Decor by 22.7% in the third quarter. GAMMA Investing LLC now owns 2,766 shares of the company’s stock worth $127,000 after acquiring an additional 512 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Robert W. Baird set a $67.00 price target on shares of Floor & Decor in a report on Friday, July 31st. Truist Financial decreased their price objective on shares of Floor & Decor from $70.00 to $65.00 and set a “buy” rating for the company in a report on Friday, October 30th. Wall Street Zen raised shares of Floor & Decor from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Jefferies Financial Group dropped their target price on shares of Floor & Decor from $59.00 to $47.00 and set a “hold” rating for the company in a research report on Tuesday, October 20th. Finally, Stifel Nicolaus cut their target price on shares of Floor & Decor from $52.00 to $51.00 and set a “hold” rating on the stock in a research note on Monday, November 2nd. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $54.70.

Floor & Decor Stock Up 4.3%

Shares of NYSE:FND opened at $53.45 on Tuesday. Floor & Decor Holdings, Inc. has a 52-week low of $42.64 and a 52-week high of $77.46. The firm has a market capitalization of $5.69 billion, a P/E ratio of 23.97, a P/E/G ratio of 4.49 and a beta of 1.56. The stock has a 50 day moving average price of $47.45 and a 200-day moving average price of $54.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.44 and a current ratio of 1.32.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, October 29th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Floor & Decor had a return on equity of 8.40% and a net margin of 5.05%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business posted $0.53 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Floor & Decor Profile

Floor & Decor Holdings, Inc is a specialty retailer of hard-surface flooring and related products. Its assortment includes tile, natural stone, wood, laminate and vinyl flooring, along with installation materials, tools and decorative accessories.

The company serves both professional flooring contractors and homeowners through warehouse-format stores and online sales. Many stores also offer design services and product displays to help customers plan residential and commercial projects.

Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor operates stores across the United States.