Tidal Investments LLC acquired a new position 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 on Form 13F. The fund purchased 1,775 shares of the company’s stock valued at approximately $230,000.
Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Floor & Decor in the 4th quarter valued at $2,203,000. New York State Teachers Retirement System acquired a new position in Floor & Decor in the 4th quarter valued at about $4,161,000. Nisa Investment Advisors LLC increased its position 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 purchasing an additional 634 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in Floor & Decor in the 4th quarter valued at about $240,000. Finally, Mutual of America Capital Management LLC acquired a new position in Floor & Decor in the 4th quarter valued at about $7,344,000.
Insider activities at Floor & Decor
In other Floor & Decor news, 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 transaction of $124,341.10. Following the transaction, the executive vice president now owns 12,911 shares of the company’s stock, valued at $1,589,473.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Peter Starrett sold 1,569 shares of Floor & Decor’s stock in a transaction that occurred on Monday, May 13. The shares were sold at an average price of $122.61, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Steven Alan Denny sold 1,010 shares of the company’s stock in a transaction dated Monday, May 13. The shares were sold at an average price of $123.11, for a total transaction of $124,341.10. Following the transaction, the executive vice president now owns 12,911 shares of the company’s stock, valued at approximately $1,589,473.21. The disclosure of this sale can be found here. Insiders sold a total of 36,778 shares of the company’s stock in the last 90 days, valued at $4,591,591. Company insiders own 2.10% of the company’s stock.
Changes in analyst ratings
Several equities analysts have commented on FND shares. UBS Group lowered their price target on Floor & Decor from $135.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Piper Sandler lowered their price target on Floor & Decor from $115.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. lowered their price target on Floor & Decor from $99.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Robert W. Baird lowered their price target on Floor & Decor from $127.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Citigroup lowered their price target on shares of Floor & Decor from $109.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, July 19. Two analysts have rated the stock a “sell,” thirteen have rated it a “hold,” and five have rated it a “buy.” According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $104.37.
Get our latest analysis on Floor & Decor
Flooring and decoration trade with an increase of 0.8%
Shares of NYSE:FND opened at $99.62 on Friday. The company 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 12-month low of $76.30 and a 12-month high of $135.67. The company has a 50-day moving average of $102.87 and a 200-day moving average of $111.24. 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 (NYSE:FND – Get Free Report) last announced its quarterly earnings results on Thursday, August 1. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 reported earnings per share of $0.66. The company’s quarterly revenue decreased 0.2% compared to the same quarter last year. As a group, analysts forecast that Floor & Decor Holdings, Inc. will report earnings per share of $1.81 for the current year.
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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