962 Shares in Floor & Decor Holdings, Inc. (NYSE:FND) Purchased by WD Rutherford LLC

WD Rutherford LLC purchased a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 962 shares of the company’s stock, valued at approximately $125,000.

Other hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new stake in Floor & Decor in the 3rd quarter valued at about $30,000. Kestra Advisory Services LLC raised its holdings in Floor & Decor by 7.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 5,292 shares of the company’s stock valued at $479,000 after acquiring an additional 349 shares during the last quarter. Invesco Ltd. raised its holdings in Floor & Decor by 60.3% in the 3rd quarter. Invesco Ltd. now owns 129,458 shares of the company’s stock valued at $11,716,000 after acquiring an additional 48,712 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Floor & Decor in the 3rd quarter valued at about $653,000. Finally, Stifel Financial Corp raised its holdings in Floor & Decor by 11.8% in the 3rd quarter. Stifel Financial Corp now owns 127,408 shares of the company’s stock valued at $11,531,000 after acquiring an additional 13,468 shares during the last quarter.

Floor & Decor Stock Performance

NYSE FND traded down $1.31 during trading on Friday, reaching $99.41. The company’s stock had a trading volume of 4,181,065 shares, compared to its average volume of 1,209,060. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. The firm has a market cap of $10.64 billion, a price-to-earnings ratio of 48.03, a P/E/G ratio of 10.37 and a beta of 1.78. Floor & Decor Holdings, Inc. has a twelve month low of $76.30 and a twelve month high of $135.67. The business’s fifty day moving average price is $114.84 and its 200-day moving average price is $114.05.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share. As a group, analysts anticipate that Floor & Decor Holdings, Inc. will post 1.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FND has been the subject of a number of recent research reports. Bank of America increased their price objective on shares of Floor & Decor from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, March 14th. TD Cowen dropped their price target on shares of Floor & Decor from $125.00 to $115.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Telsey Advisory Group reissued a “market perform” rating and issued a $110.00 price target on shares of Floor & Decor in a research note on Monday, April 29th. UBS Group dropped their price target on shares of Floor & Decor from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Finally, Wedbush restated an “outperform” rating and issued a $125.00 price objective on shares of Floor & Decor in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $109.24.

Insider Activity

In related news, Director Peter Starrett sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total transaction of $591,200.00. Following the sale, the director now owns 128,189 shares of the company’s stock, valued at $15,157,067.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Floor & Decor news, EVP Steven Alan Denny sold 1,010 shares of Floor & Decor stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $123.11, for a total transaction of $124,341.10. Following the completion of the transaction, the executive vice president now owns 12,911 shares in the company, valued at $1,589,473.21. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter Starrett sold 5,000 shares of Floor & Decor stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total transaction of $591,200.00. Following the transaction, the director now owns 128,189 shares of the company’s stock, valued at approximately $15,157,067.36. The disclosure for this sale can be found here. Insiders have sold a total of 41,778 shares of company stock valued at $5,182,791 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

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.