Coldstream Capital Management Inc. Sells 172 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Coldstream Capital Management Inc. reduced its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 3.7% in the third quarter, HoldingsChannel reports. The firm owned 4,439 shares of the company’s stock after selling 172 shares during the period. Coldstream Capital Management Inc.’s holdings in Floor & Decor were worth $549,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FND. Geode Capital Management LLC increased its stake in shares of Floor & Decor by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company’s stock valued at $222,357,000 after acquiring an additional 24,509 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in Floor & Decor by 5.3% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,183,669 shares of the company’s stock worth $146,976,000 after purchasing an additional 59,839 shares during the period. Conway Capital Management Inc. bought a new stake in Floor & Decor in the third quarter valued at $1,090,000. Public Employees Retirement System of Ohio raised its holdings in shares of Floor & Decor by 1.6% during the third quarter. Public Employees Retirement System of Ohio now owns 79,808 shares of the company’s stock valued at $9,910,000 after purchasing an additional 1,291 shares during the period. Finally, DF Dent & Co. Inc. boosted its position in shares of Floor & Decor by 30.2% during the 3rd quarter. DF Dent & Co. Inc. now owns 591,753 shares of the company’s stock worth $73,478,000 after purchasing an additional 137,388 shares in the last quarter.

Floor & Decor Stock Performance

FND stock opened at $110.35 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The firm has a market cap of $11.83 billion, a PE ratio of 61.31, a P/E/G ratio of 14.75 and a beta of 1.82. The business has a 50 day moving average of $107.90 and a 200-day moving average of $107.51. Floor & Decor Holdings, Inc. has a 12-month low of $89.06 and a 12-month high of $135.67.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s revenue was up .9% on a year-over-year basis. As a group, sell-side analysts expect that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FND shares. Melius Research assumed coverage on Floor & Decor in a research note on Monday, September 23rd. They set a “sell” rating and a $80.00 price target on the stock. Stifel Nicolaus upped their target price on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Piper Sandler reduced their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Telsey Advisory Group restated a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a research note on Monday, November 11th. Finally, Mizuho raised their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Floor & Decor has a consensus rating of “Hold” and a consensus target price of $104.37.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.