Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC lowered its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 63.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,880 shares of the company’s stock after selling 10,010 shares during the period. Penn Capital Management Company LLC’s holdings in Floor & Decor were worth $586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors increased its stake in Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock worth $1,327,653,000 after acquiring an additional 5,784,573 shares during the last quarter. Fisher Funds Management LTD purchased a new stake in Floor & Decor in the 4th quarter valued at about $128,797,000. Marshall Wace LLP purchased a new stake in Floor & Decor in the 4th quarter valued at about $109,574,000. Madison Investment Advisors LLC acquired a new position in Floor & Decor in the fourth quarter valued at about $97,552,000. Finally, Principal Financial Group Inc. boosted its stake in Floor & Decor by 172.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company’s stock worth $146,037,000 after buying an additional 926,208 shares during the period.

Floor & Decor Trading Up 4.7 %

FND opened at $73.00 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $126.74. The company has a market cap of $7.84 billion, a P/E ratio of 38.42, a PEG ratio of 19.06 and a beta of 1.86. The business’s 50-day simple moving average is $82.71 and its 200-day simple moving average is $96.68.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.25 by $0.14. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. As a group, equities research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on FND shares. Evercore ISI decreased their price objective on shares of Floor & Decor from $95.00 to $90.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Wedbush downgraded Floor & Decor from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $110.00 to $100.00 in a report on Friday, February 14th. Telsey Advisory Group restated an “outperform” rating and set a $115.00 target price on shares of Floor & Decor in a report on Friday, February 21st. Finally, Stifel Nicolaus upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $110.00 in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $103.56.

About Floor & Decor

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.