GAMMA Investing LLC acquires 189 shares of Floor & Decor Holdings, Inc. (NYSE:FND)

GAMMA Investing LLC increased its holdings in Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) by 36.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 704 shares of the company’s stock after acquiring an additional 189 shares during the period. GAMMA Investing LLC’s holdings in Floor & Decor were worth $70,000, according to its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the company. Riverview Trust Co bought a new position in Floor & Decor in the 1st quarter valued at around $26,000. Rise Advisors LLC bought a new position in shares of Floor & Decor in the 1st quarter valued at $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. 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 acquiring an additional 473 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Floor & Decor by 905.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 704 shares of the company’s stock valued at $79,000 after acquiring an additional 634 shares in the last quarter.

Flooring & Decor shares rise by 2.4%

NYSE:FND opened at $98.83 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. The company has a market cap of $10.58 billion, a P/E ratio of 47.74, a price-to-earnings-growth ratio of 10.13 and a beta of 1.74. Floor & Decor Holdings, Inc. has a 1-year low of $76.30 and a 1-year high of $135.67. The company has a 50-day moving average of $103.21 and a 200-day moving average of $111.29.

Floor & Decor (NYSE:FND – Get Free Report) last released its quarterly earnings results on Thursday, August 1. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a return on equity of 10.85% and a net margin of 4.78%. The company’s revenue declined 0.2% year-over-year. During the same quarter last year, the company posted earnings per share of $0.66. As a group, research analysts expect that Floor & Decor Holdings, Inc. will report earnings per share of $1.81 for the current fiscal year.

Analysts set new price targets

Several research analysts have recently commented on FND shares. Wells Fargo & Company decreased their price target on Floor & Decor from $125.00 to $95.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Truist Financial decreased their price target on Floor & Decor from $130.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Evercore ISI decreased their price target on shares of Floor & Decor from $120.00 to $100.00 and gave the company an “in-line” rating in a research report on Tuesday, July 2nd. Wedbush reiterated an “outperform” rating and gave the company a $110.00 price target in a research report on Friday, August 2nd. Finally, Robert W. Baird decreased their price target on shares of Floor & Decor from $127.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, July 29. Two equities analysts have rated the stock with a sell rating, thirteen have given a hold rating, and five have given a buy rating. According to data from MarketBeat, Floor & Decor currently has a consensus rating of “Hold” and a consensus price target of $104.37.

Read our latest stock analysis on Floor & Decor

Insiders place their bets

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 sale, the CEO now owns 168,386 shares of the company’s stock, valued at $21,048,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the transaction, the CEO now directly owns 168,386 shares of the company’s stock, valued at $21,048,250. The sale was disclosed in a filing with the Securities & Exchange Commission, available at this hyperlink. Also, EVP Steven Alan Denny sold 1,010 shares of the company’s stock in a transaction that occurred on Monday, May 13. The shares were sold at an average price of $123.11, for a total value of $124,341.10. Following the completion of the sale, the executive vice president now owns 12,911 shares of the company’s stock, valued at approximately $1,589,473.21. The disclosure regarding this sale can be found here. During the last quarter, insiders sold 36,778 shares of the company’s stock, valued at $4,591,591. Insiders own 2.10% of the company’s stock.

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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