MassMutual Private Wealth & Trust FSB Decreases Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

MassMutual Private Wealth & Trust FSB lessened its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 26.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,476 shares of the company’s stock after selling 875 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Floor & Decor were worth $247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC raised its stake in shares of Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after purchasing an additional 1,291,214 shares during the period. State Street Corp boosted its position in Floor & Decor by 6.3% in the 3rd quarter. State Street Corp now owns 3,769,808 shares of the company’s stock valued at $468,097,000 after buying an additional 222,980 shares during the last quarter. Wasatch Advisors LP increased its position in shares of Floor & Decor by 3.9% during the third quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company’s stock worth $279,732,000 after acquiring an additional 85,299 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Floor & Decor by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company’s stock worth $222,357,000 after acquiring an additional 24,509 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock valued at $200,865,000 after purchasing an additional 223,332 shares during the last quarter.

Floor & Decor Stock Down 1.7 %

Shares of Floor & Decor stock opened at $100.74 on Thursday. 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 Holdings, Inc. has a 1-year low of $89.06 and a 1-year high of $135.67. The business’s fifty day moving average price is $104.03 and its two-hundred day moving average price is $105.18. The company has a market capitalization of $10.80 billion, a P/E ratio of 55.97, a PEG ratio of 11.05 and a beta of 1.84.

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. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share. As a group, research analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FND shares. Wells Fargo & Company lifted their price objective on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Mizuho lifted their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Stifel Nicolaus increased their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Piper Sandler dropped their target price 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. Finally, Wedbush reiterated an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $104.67.

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.