Angeles Investment Advisors LLC Sells 285 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Angeles Investment Advisors LLC trimmed its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 12.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,099 shares of the company’s stock after selling 285 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Floor & Decor were worth $261,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Chris Bulman Inc bought a new position in shares of Floor & Decor in the second quarter worth approximately $30,000. Blue Trust Inc. grew its holdings in Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after acquiring an additional 196 shares during the last quarter. J.Safra Asset Management Corp grew its holdings in Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after acquiring an additional 372 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Floor & Decor by 36.7% in the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after acquiring an additional 189 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Floor & Decor by 37.8% during the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after acquiring an additional 196 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FND. Mizuho boosted their price target on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Guggenheim reduced their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Stifel Nicolaus upped their target price on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. Wells Fargo & Company lifted their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Floor & Decor currently has an average rating of “Hold” and an average target price of $104.37.

Floor & Decor Stock Performance

Floor & Decor stock opened at $102.40 on Thursday. Floor & Decor Holdings, Inc. has a twelve month low of $83.56 and a twelve month high of $135.67. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $10.98 billion, a P/E ratio of 56.89, a PEG ratio of 13.27 and a beta of 1.83. The stock’s 50 day moving average is $110.54 and its 200 day moving average is $108.48.

Floor & Decor (NYSE:FND) last released its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Floor & Decor Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.