Rhumbline Advisers Has $21.02 Million Position in Floor & Decor Holdings, Inc. $FND

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

Several other hedge funds have also recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Floor & Decor by 9.8% in the first 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 in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Floor & Decor by 8.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,403 shares of the company’s stock worth $790,000 after acquiring an additional 797 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Floor & Decor during the second quarter worth $276,000. TD Asset Management Inc bought a new stake in Floor & Decor in the 2nd quarter valued at $1,138,000. Finally, Chicago Partners Investment Group LLC boosted its stake in Floor & Decor by 25.2% in 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 period.

Floor & Decor Trading Up 1.3%

NYSE FND opened at $70.20 on Tuesday. Floor & Decor Holdings, Inc. has a 12 month low of $55.11 and a 12 month 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 moving average of $67.37 and a 200-day moving average of $71.46. The company has a market cap of $7.56 billion, a PE ratio of 35.10, a PEG ratio of 2.72 and a beta of 1.74.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FND. Piper Sandler raised Floor & Decor from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $75.00 to $80.00 in a research note on Wednesday, November 12th. TD Cowen upped their price target on Floor & Decor from $77.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Zacks Research raised shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. JPMorgan Chase & Co. cut their price objective on shares of Floor & Decor from $94.00 to $85.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Floor & Decor in a research report on Wednesday, January 28th. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Floor & Decor has a consensus rating of “Hold” and an average target price of $81.89.

Floor & Decor Company 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.