Oppenheimer & Co. Inc. Sells 14,096 Shares of Floor & Decor Holdings, Inc. $FND

Oppenheimer & Co. Inc. decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 38.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,096 shares of the company’s stock after selling 14,096 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Floor & Decor were worth $1,628,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FND. State of Wyoming acquired a new stake in shares of Floor & Decor in the second quarter worth $46,000. Steph & Co. bought a new stake in Floor & Decor in the 3rd quarter valued at $48,000. Mather Group LLC. acquired a new stake in Floor & Decor in the 3rd quarter worth $49,000. Bank of Jackson Hole Trust grew its position in Floor & Decor by 37.7% in the 3rd quarter. Bank of Jackson Hole Trust now owns 679 shares of the company’s stock worth $50,000 after purchasing an additional 186 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Floor & Decor by 27.2% during the 3rd quarter. AlphaQuest LLC now owns 805 shares of the company’s stock worth $59,000 after purchasing an additional 172 shares during the period.

Floor & Decor Trading Up 1.3%

Shares of FND opened at $70.20 on Friday. Floor & Decor Holdings, Inc. has a 1 year low of $55.11 and a 1 year high of $103.87. The company has a current ratio of 1.27, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $67.20 and a 200-day simple moving average of $71.61. The stock has a market cap of $7.56 billion, a PE ratio of 35.10, a PEG ratio of 2.68 and a beta of 1.74.

Wall Street Analyst Weigh In

FND has been the subject of several research reports. Piper Sandler upgraded shares of Floor & Decor from a “neutral” rating to an “overweight” rating and increased their target price for the company from $75.00 to $80.00 in a research note on Wednesday, November 12th. Stifel Nicolaus reduced their price objective on Floor & Decor from $92.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, December 16th. TD Cowen lifted their price objective on Floor & Decor from $77.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. The Goldman Sachs Group upgraded Floor & Decor from a “sell” rating to a “neutral” rating and cut their target price for the company from $80.00 to $71.00 in a research note on Thursday, November 13th. Finally, Morgan Stanley decreased their price target on shares of Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. Seven research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $81.89.

About Floor & Decor

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.