Wealth Enhancement Advisory Services LLC reduced its holdings in Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) by 16.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,778 shares of the company’s stock after selling 1,288 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Floor & Decor were worth $674,000 at the end of the last quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in Floor & Decor in the 4th quarter valued at about $2,203,000. Lindbrook Capital LLC increased its position in Floor & Decor by 16.4% in the 4th quarter. Lindbrook Capital LLC now owns 885 shares of the company’s stock valued at $99,000 after purchasing an additional 125 shares during the same period. GAMMA Investing LLC acquired a new stake in Floor & Decor in the 4th quarter valued at about $53,000. Yousif Capital Management LLC acquired a new stake in Floor & Decor in the 4th quarter valued at $5,614,000. Finally, Atria Wealth Solutions Inc. increased its position in Floor & Decor by 57.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 5,607 shares of the company’s stock valued at $626,000 after acquiring an additional 2,052 shares during the period.
Analysts set new price targets
Several analysts have recently commented on FND shares. Wedbush reiterated an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a report on Friday, August 2nd. Guggenheim lowered their price target on shares of Floor & Decor from $130.00 to $115.00 and issued a “buy” rating for the company in a research report on Friday, August 2nd. Wells Fargo & Company lowered their price target on shares of Floor & Decor from $125.00 to $95.00 and issued an “equal weight” rating on the stock in a research report on Friday, July 26th. Mizuho decreased 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. Finally, 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 research report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, and five have given a buy rating. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $104.37.
Check out our latest Floor & Decor report
Insider transactions at Floor & Decor
In related 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. 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 available at this link. Company insiders own 2.10% of the company’s stock.
Trade in floors and decorations – 2.0%
NYSE:FND opened at $106.50 on Friday. The stock has a market cap of $11.40 billion, a P/E ratio of 51.45, a price-to-earnings-growth ratio of 10.13 and a beta of 1.74. Floor & Decor Holdings, Inc. has a 52-week low of $76.30 and a 52-week high of $135.67. 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 stock’s 50-day moving average is $100.57 and its 200-day moving average is $111.21.
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. 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 analyst expectations of $1.15 billion. During the same period last year, the company reported earnings per share of $0.66. Floor & Decor’s revenue declined 0.2% year-over-year. As a group, equities analysts forecast that Floor & Decor Holdings, Inc. will post earnings per share of $1.81 for the current fiscal 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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