Nuveen Asset Management LLC Cuts Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Posted by Defense World Staff on Mar 4th, 2023

Nuveen Asset Management LLC lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 286,148 shares of the company’s stock after selling 1,161 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.27% of Floor & Decor worth $20,105,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wipfli Financial Advisors LLC purchased a new stake in Floor & Decor in the 3rd quarter worth $25,000. PARK CIRCLE Co purchased a new stake in Floor & Decor in the 3rd quarter worth $28,000. Canada Pension Plan Investment Board purchased a new stake in Floor & Decor in the 1st quarter worth $57,000. CWM LLC increased its holdings in Floor & Decor by 88.9% in the 3rd quarter. CWM LLC now owns 820 shares of the company’s stock worth $58,000 after acquiring an additional 386 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Floor & Decor by 168.4% in the 1st quarter. Parkside Financial Bank & Trust now owns 730 shares of the company’s stock worth $59,000 after acquiring an additional 458 shares in the last quarter.

Floor & Decor Stock Up 3.3 %

Shares of FND opened at $91.28 on Friday. The firm has a market cap of $9.69 billion, a P/E ratio of 32.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.82. Floor & Decor Holdings, Inc. has a 12-month low of $59.91 and a 12-month high of $104.83. The company’s 50-day moving average price is $86.93 and its 200 day moving average price is $79.84. The company has a current ratio of 1.45, a quick ratio of 0.16 and a debt-to-equity ratio of 0.24.

Floor & Decor (NYSE:FND – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.06. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. Floor & Decor had a net margin of 6.99% and a return on equity of 19.35%. Floor & Decor’s revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS. On average, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 2.74 earnings per share for the current year.

Insiders Place Their Bets

In other Floor & Decor news, EVP David Victor Christopherson sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $92.00, for a total transaction of $368,000.00. Following the sale, the executive vice president now directly owns 56,527 shares in the company, valued at $5,200,484. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Floor & Decor news, Director Richard L. Sullivan sold 1,734 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $91.94, for a total transaction of $159,423.96. Following the sale, the director now directly owns 9,189 shares in the company, valued at $844,836.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Victor Christopherson sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $92.00, for a total transaction of $368,000.00. Following the sale, the executive vice president now owns 56,527 shares in the company, valued at $5,200,484. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FND shares. Morgan Stanley lifted their target price on shares of Floor & Decor from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, February 24th. Gordon Haskett cut shares of Floor & Decor from an “accumulate” rating to a “hold” rating and set a $90.00 target price on the stock. in a research note on Friday, February 10th. Citigroup lowered their target price on shares of Floor & Decor from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday. Robert W. Baird lifted their target price on shares of Floor & Decor from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. Finally, Piper Sandler lifted their target price on shares of Floor & Decor from $66.00 to $86.00 in a research note on Wednesday, February 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Floor & Decor has an average rating of “Hold” and an average target price of $94.06.

Floor & Decor Profile

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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.