Peter Starrett Sells 5,000 Shares of Floor & Decor Holdings, Inc. (NYSE:FND) Stock

Floor & Decor Holdings, Inc. (NYSE:FND) Director Peter Starrett sold 5,000 shares of Floor & Decor stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total transaction of $591,200.00. Following the sale, the director now directly owns 128,189 shares in the company, valued at approximately $15,157,067.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Floor & Decor Trading Up 4.0 %

Shares of Floor & Decor stock traded up $4.66 during trading hours on Thursday, reaching $120.01. The stock had a trading volume of 820,647 shares, compared to its average volume of 1,387,034. The firm has a market capitalization of $12.81 billion, a price-to-earnings ratio of 57.98, a P/E/G ratio of 5.51 and a beta of 1.86. Floor & Decor Holdings, Inc. has a 1 year low of $76.30 and a 1 year high of $135.67. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. The firm has a 50 day simple moving average of $118.69 and a two-hundred day simple moving average of $106.95.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. As a group, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.9 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on FND shares. Bank of America boosted their target price on Floor & Decor from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Evercore ISI reduced their price objective on Floor & Decor from $120.00 to $115.00 and set an “in-line” rating for the company in a research note on Friday, May 3rd. Truist Financial lifted their target price on Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Wedbush reaffirmed an “outperform” rating and set a $125.00 price target on shares of Floor & Decor in a report on Friday, May 3rd. Finally, Guggenheim raised their price target on Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $108.76.

Hedge Funds Weigh In On Floor & Decor

A number of institutional investors have recently made changes to their positions in the business. Polen Capital Management LLC increased its stake in shares of Floor & Decor by 59,133.5% in the fourth quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock worth $27,861,000 after buying an additional 25,141,795 shares during the last quarter. Capital World Investors increased its holdings in Floor & Decor by 5.6% in the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock valued at $1,328,518,000 after buying an additional 627,256 shares during the last quarter. FMR LLC lifted its holdings in Floor & Decor by 13.1% during the 3rd quarter. FMR LLC now owns 4,605,699 shares of the company’s stock worth $416,816,000 after buying an additional 531,891 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Floor & Decor by 435.1% in the 3rd quarter. Wellington Management Group LLP now owns 653,740 shares of the company’s stock worth $59,163,000 after acquiring an additional 531,574 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Floor & Decor by 3,355.8% in the 4th quarter. Principal Financial Group Inc. now owns 444,583 shares of the company’s stock valued at $49,598,000 after acquiring an additional 431,718 shares during the last quarter.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller 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; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.