Cetera Investment Advisers owns $3.56 million worth of shares in Floor & Decor Holdings, Inc. (NYSE:FND)

Cetera Investment Advisers grew its holdings in Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) by 263.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,426 shares of the company’s stock after purchasing an additional 19,888 shares during the same period. Cetera Investment Advisers’ holdings in Floor & Decor were worth $3,555,000 at the end of the last quarter.

Several other institutional investors have also made changes to their positions in the stock. New York State Teachers Retirement System acquired a new position in shares of Floor & Decor during the fourth quarter valued at around $4,161,000. Wellington Management Group LLP increased its position in Floor & Decor by 40.6% during the fourth quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock valued at $102,564,000 after acquiring an additional 265,622 shares in the last quarter. Duality Advisers LP acquired a new stake in Floor & Decor during the first quarter valued at $4,238,000. Yousif Capital Management LLC acquired a new stake in shares of Floor & Decor during the fourth quarter valued at $5,614,000. Finally, Dimensional Fund Advisors LP increased its holdings in Floor & Decor by 12.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 726,850 shares of the company’s stock valued at $81,099,000 after purchasing an additional 79,210 shares during the period.

Flooring and decoration trade with an increase of 0.8%

FND rose $0.77 on Friday, reaching $99.62. It traded 1,182,099 shares, compared to its average volume of 1,523,126. The company has a debt-to-equity ratio of 0.10, a current debt ratio of 0.21 and a current account ratio of 1.17. The company has a 50-day moving average of $102.87 and a 200-day moving average of $111.22. The company has a market cap of $10.66 billion, a price-to-earnings ratio of 48.15, 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.

Floor & Decor (NYSE:FND – Get Free Report) last announced 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. Floor & Decor had a return on equity of 10.85% and a net margin of 4.78%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. In the same quarter last year, the company reported $0.66 earnings per share. The company’s revenue for the quarter decreased 0.2% year-over-year. As a group, equities analysts expect that Floor & Decor Holdings, Inc. will post 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 in a transaction that occurred 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 completion of the sale, the CEO now owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The sale was disclosed in a document filed with the SEC, which is accessible from the SEC website. 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 transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC’s website. Also, Director Peter Starrett sold 1,569 shares of Floor & Decor on Monday, May 13. The shares were sold at an average price of $122.61, for a total transaction of $192,375.09. Following the sale, the director now owns 118,620 shares of the company’s stock, valued at $14,543,998.20. The disclosure regarding this sale can be found here. In the last ninety days, insiders have sold 36,778 shares of the company’s stock, valued at $4,591,591. Company insiders own 2.10% of the company’s stock.

Wall Street analysts predict growth

FND has been the subject of several research analyst reports. Mizuho lowered their price target on shares of Floor & Decor from $115.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Truist Financial lowered their price target on shares of Floor & Decor from $130.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Telsey Advisory Group lowered their price target on shares of Floor & Decor from $100.00 to $95.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lowered their price target on shares of Floor & Decor from $99.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Guggenheim 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 Friday, August 2. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, and five have given a buy rating. The company currently has an average rating of “Hold” and a consensus price target of $104.37, according to MarketBeat.com.

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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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