Simplicity Wealth LLC increased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) by 9.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,689 shares of the company’s stock after purchasing an additional 234 shares during the quarter. Simplicity Wealth LLC’s holdings in Floor & Decor were worth $267,000, according to the most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new stake in Floor & Decor in the fourth quarter valued at about $2,203,000. New York State Teachers Retirement System acquired a new stake in Floor & Decor in the fourth quarter valued at about $4,161,000. Nisa Investment Advisors LLC increased its stake in Floor & Decor by 905.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 704 shares of the company’s stock valued at $79,000 after purchasing an additional 634 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in Floor & Decor in the fourth quarter valued at about $240,000. Finally, Simplicity Solutions LLC acquired a new stake in Floor & Decor in the fourth quarter valued at about $238,000.
Floor & Decor Price Performance
NYSE FND opened at $99.62 on Monday. The stock has a market cap of $10.66 billion, a P/E ratio of 48.13, a PEG 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’s 50-day moving average is $102.87 and its 200-day moving average is $111.27. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17.
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 the consensus estimate of $0.51 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analyst expectations of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.85%. Floor & Decor’s revenue decreased 0.2% year-over-year. During the same period last year, the company reported earnings per share of $0.66. On average, research analysts forecast that Floor & Decor Holdings, Inc. will report earnings per share of $1.81 for the current fiscal 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 transaction of $4,274,875.00. Following the sale, the CEO now directly owns 168,386 shares of the company’s stock, valued at $21,048,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the shares are owned by company insiders.
Analysts set new price targets
Several analysts have recently commented on FND shares. Truist Financial lowered 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 10. Mizuho lowered their price target on Floor & Decor from $115.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, May 3. Wedbush reiterated an “outperform” rating and gave a $110.00 price target on shares of Floor & Decor in a research report on Friday, August 2. Telsey Advisory Group lowered their price target on Floor & Decor from $100.00 to $95.00 and gave the stock a “market perform” rating in a research report on Friday, August 2. Finally, TD Cowen decreased their price target on Floor & Decor from $115.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, July 12. 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.
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Floor and decorative profile
(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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