CIBC Private Wealth Group LLC Sells 6,094 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

CIBC Private Wealth Group LLC cut its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 199,329 shares of the company’s stock after selling 6,094 shares during the period. CIBC Private Wealth Group LLC owned 0.19% of Floor & Decor worth $19,167,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fisher Funds Management LTD bought a new stake in Floor & Decor during the 4th quarter valued at $128,797,000. Madison Investment Advisors LLC bought a new stake in Floor & Decor during the fourth quarter valued at about $97,552,000. Principal Financial Group Inc. raised its holdings in Floor & Decor by 172.0% in the fourth quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company’s stock worth $146,037,000 after purchasing an additional 926,208 shares in the last quarter. Raymond James Financial Inc. bought a new position in Floor & Decor in the fourth quarter worth about $54,640,000. Finally, Norges Bank purchased a new stake in shares of Floor & Decor during the fourth quarter valued at about $38,717,000.

Floor & Decor Stock Up 0.0 %

NYSE:FND opened at $80.43 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The company’s fifty day moving average price is $93.94 and its 200-day moving average price is $102.69. Floor & Decor Holdings, Inc. has a 1-year low of $78.91 and a 1-year high of $129.79. The firm has a market capitalization of $8.64 billion, a P/E ratio of 42.33, a PEG ratio of 19.06 and a beta of 1.95.

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

Analysts Set New Price Targets

Several research analysts recently commented on FND shares. JPMorgan Chase & Co. increased their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, February 21st. Wedbush cut Floor & Decor from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $110.00 to $100.00 in a research report on Friday, February 14th. The Goldman Sachs Group lowered Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a research report on Thursday, January 30th. Finally, Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $104.11.

Floor & Decor 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.