Rhumbline Advisers Sells 10,318 Shares of Floor & Decor Holdings, Inc. $FND

Rhumbline Advisers lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 285,248 shares of the company’s stock after selling 10,318 shares during the period. Rhumbline Advisers owned 0.26% of Floor & Decor worth $21,023,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FND. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Floor & Decor by 9.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company’s stock valued at $27,346,000 after buying an additional 30,195 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Floor & Decor by 8.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,403 shares of the company’s stock valued at $790,000 after acquiring an additional 797 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Floor & Decor in the second quarter worth about $276,000. TD Asset Management Inc acquired a new stake in Floor & Decor in the second quarter worth about $1,138,000. Finally, Chicago Partners Investment Group LLC raised its holdings in Floor & Decor by 25.2% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 7,800 shares of the company’s stock worth $636,000 after purchasing an additional 1,571 shares during the last quarter.

Analysts Set New Price Targets

FND has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Floor & Decor in a research note on Wednesday, January 28th. TD Cowen raised their price objective on shares of Floor & Decor from $77.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Piper Sandler raised shares of Floor & Decor from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $75.00 to $80.00 in a report on Wednesday, November 12th. Evercore cut their price target on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 11th. Finally, Wall Street Zen cut Floor & Decor from a “hold” rating to a “sell” rating in a research note on Sunday, November 9th. Seven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Floor & Decor currently has an average rating of “Hold” and a consensus price target of $81.89.

Floor & Decor Trading Up 1.3%

Shares of NYSE FND opened at $70.20 on Tuesday. Floor & Decor Holdings, Inc. has a twelve month low of $55.11 and a twelve month high of $103.87. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 2.72 and a beta of 1.74. The company has a quick ratio of 0.34, a current ratio of 1.27 and a debt-to-equity ratio of 0.08. The company’s fifty day moving average is $67.37 and its 200-day moving average is $71.46.

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.