DekaBank Deutsche Girozentrale acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,043 shares of the company’s stock valued at approximately $133,000.
Other institutional investors and hedge funds have also recently changed their hold on the company. Riverview Trust Co acquired a new stake in Floor & Decor in the 1st quarter valued at about $26,000. Rise Advisors LLC acquired a new stake in Floor & Decor in the 1st quarter valued at about $39,000. Global Retirement Partners LLC increased its stake in Floor & Decor by 97.1% in the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock valued at $44,000 after acquiring an additional 167 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Floor & Decor in the 4th quarter valued at about $53,000. Finally, RiverPark Advisors LLC increased its stake in Floor & Decor by 361.1% in the 1st quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock valued at $78,000 after purchasing an additional 473 shares during the last quarter.
Insider transactions at Floor & Decor
In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction that occurred on Wednesday, June 12. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the transaction, the CEO now owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction that occurred on Wednesday, June 12. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the transaction, the CEO now directly owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC’s website. Also, EVP Steven Alan Denny sold 1,010 shares of Floor & Decor stock in a transaction dated Monday, May 13. The shares were sold at an average price of $123.11, for a total value of $124,341.10. Following the sale, the executive vice president now owns 12,911 shares of the company’s stock, valued at $1,589,473.21. The disclosure regarding this sale can be found here. Insiders have sold 36,778 shares of the company’s stock, valued at $4,591,591, in the last three months. 2.10% of the shares are owned by company insiders.
Upgrades and downgrades by analysts
Several equities analysts have recently issued reports on the stock. UBS Group decreased their price target on shares of Floor & Decor from $135.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Citigroup decreased their price target on shares of Floor & Decor from $109.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. TD Cowen decreased their price target on shares of Floor & Decor from $115.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, July 12th. Wells Fargo & Company decreased their price target on shares of Floor & Decor from $125.00 to $95.00 and gave the company an “equal weight” rating in a report on Friday, July 26. Finally, Mizuho decreased their price target on Floor & Decor from $115.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, May 3. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, and five have given a buy rating. The stock currently has a consensus rating of “Hold” and a consensus price target of $104.37, according to data from MarketBeat.com.
Read our latest stock analysis on Floor & Decor
Floor & Decor Price Performance
FND stock opened at $98.83 on Friday. The company has a 50-day moving average of $103.21 and a 200-day moving average of $111.29. The company has a market cap of $10.58 billion, a P/E ratio of 47.74, a PEG ratio of 10.13 and a beta of 1.74. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. Floor & Decor Holdings, Inc. has a one year low of $76.30 and a one year high of $135.67.
Floor & Decor (NYSE:FND – Get Free Report) last announced its earnings results on Thursday, August 1. The company reported earnings per share (EPS) 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 had 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 generated earnings per share of $0.66. The company’s revenue decreased 0.2% year-over-year. On average, analysts forecast that Floor & Decor Holdings, Inc. will report earnings per share of $1.81 for the current year.
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.
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