Floor & Decor Holdings, Inc. $FND Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC reduced its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 10.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 470,701 shares of the company’s stock after selling 54,181 shares during the period. Riverbridge Partners LLC owned approximately 0.44% of Floor & Decor worth $21,563,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Legacies Wealth LLC acquired a new position in shares of Floor & Decor in the 3rd quarter valued at about $25,000. Versant Capital Management Inc boosted its stake in shares of Floor & Decor by 3,263.2% in the third quarter. Versant Capital Management Inc now owns 639 shares of the company’s stock worth $29,000 after buying an additional 620 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new stake in shares of Floor & Decor in the third quarter worth about $43,000. Trust Co. of Vermont purchased a new stake in shares of Floor & Decor in the second quarter worth about $68,000. Finally, GK Wealth Management LLC acquired a new stake in Floor & Decor during the third quarter worth about $57,000.

Floor & Decor Trading Down 3.5%

Shares of Floor & Decor stock opened at $51.45 on Wednesday. The firm has a 50-day simple moving average of $47.48 and a two-hundred day simple moving average of $54.06. The company has a market cap of $5.36 billion, a P/E ratio of 23.07 and a beta of 1.56. Floor & Decor Holdings, Inc. has a fifty-two week low of $42.64 and a fifty-two week high of $77.46. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.44 and a current ratio of 1.32.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, October 29th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. Floor & Decor had a net margin of 5.05% and a return on equity of 8.40%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the company posted $0.53 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities analysts predict that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on FND. Stifel Nicolaus reduced their price target on Floor & Decor from $52.00 to $51.00 and set a “hold” rating for the company in a research report on Monday, November 2nd. The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and decreased their price target for the company from $53.00 to $38.00 in a report on Monday, November 2nd. Truist Financial lowered their price objective on Floor & Decor from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Wells Fargo & Company lowered their price objective on Floor & Decor from $55.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Finally, TD Cowen dropped their price objective on shares of Floor & Decor from $58.00 to $52.00 and set a “hold” rating on the stock in a research note on Friday, October 30th. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Floor & Decor currently has an average rating of “Reduce” and an average target price of $54.70.

Insiders Place Their Bets

In related news, EVP Ersan Sayman sold 21,428 shares of the company’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $52.00, for a total value of $1,114,256.00. Following the completion of the transaction, the executive vice president owned 71,676 shares of the company’s stock, valued at approximately $3,727,152. This represents a 23.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Floor & Decor Profile

Floor & Decor Holdings, Inc. is a specialty retailer of hard-surface flooring and related products. Its assortment includes tile, natural stone, wood, laminate and vinyl flooring, along with installation materials, tools and decorative accessories. The company serves both professional flooring contractors and homeowners through warehouse-format stores and online sales. Many stores also offer design services and product displays to help customers plan residential and commercial projects. Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor operates stores across the United States.