Vaughan Nelson Investment Management LP reduced its holdings in Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,706 shares of the company’s stock after selling 1,461 shares during the same period. Vaughan Nelson Investment Management LP owned about 0.12% of Floor & Decor worth $12,396,000 at the end of the last quarter.
Several other hedge funds and other institutional investors have also recently changed their holdings in FND. Polen Capital Management LLC increased its holdings in Floor & Decor by 59,133.5% in the 4th quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock valued at $27,861,000 after acquiring an additional 25,141,795 shares during the period. Capital World Investors increased its holdings in Floor & Decor by 5.6% in the 4th quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock valued at $1,328,518,000 after acquiring an additional 627,256 shares during the period. Vanguard Group Inc. increased its holdings in Floor & Decor by 0.8% in the first quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock valued at $1,262,506,000 after buying an additional 81,305 shares during the same period. Capital Research Global Investors increased its holdings in Floor & Decor by 20.4% in the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock valued at $1,020,348,000 after buying an additional 1,334,650 shares during the last quarter. Finally, Capital International Investors increased its holdings in Floor & Decor by 7.4% in the first quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock valued at $137,806,000 after buying an additional 73,448 shares during the last quarter.
Changes in analyst ratings
FND has been the subject of several analyst reports lately. Mizuho lowered their price target on Floor & Decor from $115.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Piper Sandler lowered their price target on shares of Floor & Decor from $115.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Wells Fargo & Company lowered their price target on shares of Floor & Decor from $125.00 to $95.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Robert W. Baird lowered their price target on Floor & Decor from $127.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, Wedbush reiterated an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a research note on Friday, August 2nd. Two equities analysts have rated the stock with a sell rating, thirteen have given a hold rating, and five have given a buy rating. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $104.37.
Get our latest analysis on Floor & Decor
Floor & Decor shares down 0.3%
Floor & Decor stock opened at $105.17 on Monday. The company’s 50-day moving average price is $101.50 and its 200-day moving average price is $111.23. Floor & Decor Holdings, Inc. has a twelve-month low of $76.30 and a twelve-month high of $135.67. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The stock has a market cap of $11.25 billion, a P/E ratio of 50.81, a PEG ratio of 10.13 and a beta of 1.74.
Floor & Decor (NYSE:FND – Get Free Report) last released its earnings results on Thursday, August 1. The company reported earnings per share of $0.52 for the quarter, beating the consensus estimate of $0.51 by $0.01. Floor & Decor had a net margin of 4.78% and a return on equity of 10.85%. The company posted revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company posted earnings per share of $0.66. The company’s revenue for the quarter decreased 0.2% year-over-year. As a group, analysts expect Floor & Decor Holdings, Inc. to report earnings per share of $1.81 for the current year.
Insider activity
In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock on Wednesday, June 12. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. After the sale, the CEO now owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.10% of the shares are owned by company insiders.
About Floor & Decor
(Free report)
Floor & Decor Holdings, Inc., together with its subsidiaries, is a multi-channel hard flooring specialty retailer and accessory retailer and seller of commercial flooring 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. It also offers vanities, shower doors, bathroom accessories, faucets, sinks, custom countertops, bathroom mirrors and bathroom lighting.
Selected articles
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