54,181 Floor & Decor Holdings, Inc. $FND Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC lowered its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 10.3% in the third quarter, Holdings Channel reports. The firm owned 470,701 shares of the company’s stock after selling 54,181 shares during the period. Riverbridge Partners LLC’s holdings in Floor & Decor were worth $21,563,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Arizona State Retirement System lifted its stake in Floor & Decor by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 29,826 shares of the company’s stock valued at $1,770,000 after buying an additional 224 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Floor & Decor by 20.2% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,703 shares of the company’s stock worth $78,000 after buying an additional 286 shares during the last quarter. State of Michigan Retirement System increased its stake in Floor & Decor by 1.6% during the 1st quarter. State of Michigan Retirement System now owns 25,900 shares of the company’s stock worth $1,316,000 after buying an additional 400 shares in the last quarter. Gibbs Wealth Management increased its stake in Floor & Decor by 6.8% during the 3rd quarter. Gibbs Wealth Management now owns 8,037 shares of the company’s stock worth $368,000 after buying an additional 511 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Floor & Decor by 22.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,766 shares of the company’s stock worth $127,000 after buying an additional 512 shares in the last quarter.

Floor & Decor Stock Down 3.5%

Shares of NYSE FND opened at $51.45 on Wednesday. The stock has a market cap of $5.36 billion, a PE ratio of 23.07 and a beta of 1.56. The company has a current ratio of 1.32, a quick ratio of 0.44 and a debt-to-equity ratio of 0.08. Floor & Decor Holdings, Inc. has a 12-month low of $42.64 and a 12-month high of $77.46. The company has a 50-day moving average of $47.48 and a 200 day moving average of $54.06.

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

Analysts Set New Price Targets

A number of brokerages have commented on FND. The Goldman Sachs Group cut Floor & Decor from a “neutral” rating to a “sell” rating and reduced their target price for the company from $53.00 to $38.00 in a report on Monday, November 2nd. Wolfe Research reiterated an “underperform” rating and set a $41.00 price target on shares of Floor & Decor in a research report on Tuesday, July 21st. Wall Street Zen raised Floor & Decor from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings lowered Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 9th. Finally, Truist Financial lowered their target price on shares of Floor & Decor from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. Four equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Floor & Decor presently has an average rating of “Reduce” and an average target price of $54.70.

Insiders Place Their Bets

In other Floor & Decor news, EVP Ersan Sayman sold 21,428 shares of the business’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $52.00, for a total transaction of $1,114,256.00. Following the transaction, the executive vice president owned 71,676 shares of the company’s stock, valued at approximately $3,727,152. The trade was a 23.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

About Floor & Decor

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.