Mutual of America Capital Management LLC Decreases Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Mutual of America Capital Management LLC trimmed its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,644 shares of the company’s stock after selling 1,274 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Floor & Decor were worth $5,647,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Conway Capital Management Inc. purchased a new position in Floor & Decor in the 3rd quarter worth approximately $1,090,000. Massachusetts Financial Services Co. MA lifted its stake in Floor & Decor by 221.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after purchasing an additional 333,338 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Floor & Decor by 7.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock worth $338,000 after purchasing an additional 180 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Floor & Decor by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock worth $103,003,000 after purchasing an additional 12,109 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in Floor & Decor by 27.2% in the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock worth $9,632,000 after purchasing an additional 16,569 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FND. Wedbush lowered shares of Floor & Decor from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group lowered shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a research report on Thursday, January 30th. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and lifted their price target for the company from $100.00 to $110.00 in a research report on Monday, February 24th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 price target on shares of Floor & Decor in a research report on Friday, February 21st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $106.68.

Floor & Decor Stock Down 4.7 %

Floor & Decor stock opened at $92.07 on Tuesday. Floor & Decor Holdings, Inc. has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The firm has a 50 day moving average price of $99.16 and a 200 day moving average price of $105.98. The company has a market capitalization of $9.87 billion, a PE ratio of 48.46, a price-to-earnings-growth ratio of 19.06 and a beta of 1.83.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.14. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. Research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

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.