Envestnet Portfolio Solutions Inc. reduced its holdings in Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) by 20.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,187 shares of the company’s stock after selling 6,581 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Floor & Decor were worth $2,504,000, according to the company’s most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in FND. Wellington Management Group LLP increased its holdings in Floor & Decor by 40.6% in the fourth quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock valued at $102,564,000 after buying an additional 265,622 shares during the same period. Duality Advisers LP acquired a new stake in Floor & Decor in the 1st quarter valued at $4,238,000. Yousif Capital Management LLC acquired a new stake in Floor & Decor in the 4th quarter valued at $5,614,000. Dimensional Fund Advisors LP increased its stake in Floor & Decor by 12.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 726,850 shares of the company’s stock valued at $81,099,000 after buying an additional 79,210 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Floor & Decor by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 781,657 shares of the company’s stock valued at $87,202,000 after purchasing an additional 25,740 shares in the last quarter.

Wall Street analysts comment

Several equities analysts have commented on the stock. Piper Sandler lowered their price target on shares of Floor & Decor from $115.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Mizuho lowered their price target on shares of Floor & Decor from $115.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Truist Financial lowered their price target on shares of Floor & Decor from $130.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Citigroup lowered their price target on shares of Floor & Decor from $109.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Robert W. Baird reduced their price target on Floor & Decor from $127.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, July 29. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $104.37.

Check out our latest Floor & Decor inventory report

Insiders place their bets

In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock on Wednesday, June 12. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the sale, the CEO now directly owns 168,386 shares of the company’s stock, valued at $21,048,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.10% of the shares are currently owned by company insiders.

Floor & Decor Price Performance

Shares of FND opened at $105.56 on Friday. The company has a market cap of $11.30 billion, a P/E ratio of 51.00, a price-to-earnings-growth ratio of 10.13 and a beta of 1.74. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. The company’s 50-day moving average is $101.73 and its 200-day moving average is $111.09. Floor & Decor Holdings, Inc. has a 12-month low of $76.30 and a 12-month high of $135.67.

Floor & Decor (NYSE:FND – Get Free Report) last released its earnings results on Thursday, August 1. The company reported earnings per share of $0.52 for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Floor & Decor had a net margin of 4.78% and a return on equity of 10.85%. The company posted revenue of $1.13 billion for the quarter compared to analysts’ expectations of $1.15 billion. In the same quarter last year, the company posted earnings per share of $0.66. Floor & Decor’s revenue for the quarter decreased 0.2% compared to the same quarter last year. Analysts forecast that Floor & Decor Holdings, Inc. will report earnings per share of $1.81 for the current year.

About Floor & Decor

(Free report)

Floor & Decor Holdings, Inc., together with its subsidiaries, is a multi-channel hard flooring specialty retailer and accessory retailer and seller of commercial flooring in Georgia. The company offers tile, wood, laminate, vinyl and natural stone flooring products, as well as decorative accessories, wall tiles and installation materials and tools. It also offers vanities, shower doors, bathroom accessories, faucets, sinks, custom countertops, bathroom mirrors and bathroom lighting.

Recommended Stories

Want to see which other hedge funds hold FND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Floor & Decor Holdings, Inc. (NYSE:FND – Free Report).

Get daily news and reviews for Floor & Decor – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Floor & Decor and related companies with MarketBeat.com’s FREE daily email newsletter.