TimesSquare Capital Management LLC Sells 21,202 Shares of Floor & Decor Holdings, Inc. $FND

TimesSquare Capital Management LLC lessened its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 487,440 shares of the company’s stock after selling 21,202 shares during the period. TimesSquare Capital Management LLC owned approximately 0.45% of Floor & Decor worth $35,924,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FND. State of Wyoming purchased a new position in Floor & Decor during the second quarter worth about $46,000. Steph & Co. bought a new stake in shares of Floor & Decor during the 3rd quarter valued at about $48,000. Mather Group LLC. purchased a new position in shares of Floor & Decor during the third quarter worth about $49,000. Bank of Jackson Hole Trust increased its position in shares of Floor & Decor by 37.7% in the third 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 raised its stake in Floor & Decor by 27.2% in the third quarter. AlphaQuest LLC now owns 805 shares of the company’s stock valued at $59,000 after purchasing an additional 172 shares in the last quarter.

Analysts Set New Price Targets

FND has been the subject of several research analyst reports. Morgan Stanley dropped their target price on shares of Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. Piper Sandler raised shares of Floor & Decor from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $75.00 to $80.00 in a report on Wednesday, November 12th. JPMorgan Chase & Co. reduced their target price on Floor & Decor from $94.00 to $85.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Floor & Decor in a research note on Wednesday, January 28th. Finally, The Goldman Sachs Group raised Floor & Decor from a “sell” rating to a “neutral” rating and cut their target price for the stock from $80.00 to $71.00 in a research note on Thursday, November 13th. Seven 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’s stock. According to MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and an average price target of $81.89.

Floor & Decor Stock Up 1.3%

Shares of NYSE FND opened at $70.20 on Friday. The firm’s fifty day moving average is $67.20 and its 200 day moving average is $71.55. Floor & Decor Holdings, Inc. has a 52 week low of $55.11 and a 52 week high of $103.87. 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 has a market cap of $7.56 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 2.72 and a beta of 1.74.

Floor & Decor Profile

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.