The Manufacturers Life Insurance Company Has $8.34 Million Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

The Manufacturers Life Insurance Company decreased its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 83,608 shares of the company’s stock after selling 1,140 shares during the period. The Manufacturers Life Insurance Company’s holdings in Floor & Decor were worth $8,336,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FND. Louisiana State Employees Retirement System grew its holdings in Floor & Decor by 0.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock worth $2,971,000 after purchasing an additional 100 shares during the period. Advisory Research Inc. boosted its position in shares of Floor & Decor by 0.7% during the 4th quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock worth $1,722,000 after purchasing an additional 115 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Floor & Decor by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock valued at $341,000 after buying an additional 120 shares during the period. Teacher Retirement System of Texas increased its position in Floor & Decor by 1.9% in the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock valued at $652,000 after buying an additional 122 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in Floor & Decor by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock worth $835,000 after buying an additional 130 shares during the period.

Floor & Decor Stock Up 0.0 %

Shares of NYSE:FND opened at $74.09 on Tuesday. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $126.74. The company has a market capitalization of $7.96 billion, a PE ratio of 38.99, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79. The business has a fifty day moving average price of $79.28 and a two-hundred day moving average price of $94.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. Analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analysts Set New Price Targets

FND has been the subject of a number of research reports. Piper Sandler reduced their price objective on Floor & Decor from $90.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday. Guggenheim lowered their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Friday. The Goldman Sachs Group reduced their price objective on shares of Floor & Decor from $81.00 to $70.00 and set a “sell” rating for the company in a report on Friday. Wells Fargo & Company lowered their target price on shares of Floor & Decor from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. lifted their price target on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $94.65.

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.