Floor & Decor Holdings, Inc. $FND Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 38.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,096 shares of the company’s stock after selling 14,096 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Floor & Decor were worth $1,628,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FND. Black Cypress Capital Management LLC boosted its holdings in Floor & Decor by 140.0% during the second quarter. Black Cypress Capital Management LLC now owns 83,964 shares of the company’s stock worth $6,378,000 after buying an additional 48,981 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Floor & Decor by 2.3% in the second quarter. Legal & General Group Plc now owns 177,967 shares of the company’s stock valued at $13,518,000 after buying an additional 4,013 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Floor & Decor during the 2nd quarter valued at $276,000. Advantage Alpha Capital Partners LP boosted its stake in shares of Floor & Decor by 74.1% during the 2nd quarter. Advantage Alpha Capital Partners LP now owns 67,497 shares of the company’s stock worth $5,127,000 after acquiring an additional 28,717 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Floor & Decor by 20.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 337,870 shares of the company’s stock worth $24,901,000 after acquiring an additional 56,870 shares during the last quarter.

Floor & Decor Price Performance

Shares of FND opened at $70.20 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27. Floor & Decor Holdings, Inc. has a twelve month low of $55.11 and a twelve month high of $103.87. The firm’s 50 day moving average price is $67.20 and its 200 day moving average price is $71.61. The firm has a market cap of $7.56 billion, a PE ratio of 35.10, a PEG ratio of 2.68 and a beta of 1.74.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. UBS Group reduced their target price on Floor & Decor from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Morgan Stanley reduced their price objective on shares of Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Stifel Nicolaus decreased their target price on shares of Floor & Decor from $92.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, December 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Floor & Decor in a report on Wednesday, January 28th. Finally, Piper Sandler raised shares of Floor & Decor from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $75.00 to $80.00 in a research note on Wednesday, November 12th. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Floor & Decor presently 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.