Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD reduced its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 0.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 6,291,056 shares of the company’s stock after selling 2,275 shares during the period. Price T Rowe Associates Inc. MD owned approximately 5.88% of Floor & Decor worth $815,448,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its holdings in Floor & Decor by 4.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company’s stock valued at $285,000 after acquiring an additional 96 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Floor & Decor by 0.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company’s stock valued at $2,609,000 after acquiring an additional 117 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Floor & Decor by 2.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock worth $574,000 after purchasing an additional 120 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Floor & Decor by 1.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock worth $1,195,000 after purchasing an additional 121 shares during the period. Finally, Lindbrook Capital LLC raised its position in shares of Floor & Decor by 16.4% during the 4th quarter. Lindbrook Capital LLC now owns 885 shares of the company’s stock worth $99,000 after purchasing an additional 125 shares during the period.

Insiders Place Their Bets

In other Floor & Decor news, Director Peter Starrett sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Floor & Decor news, Director Peter Starrett sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total value of $591,200.00. Following the sale, the director now owns 128,189 shares in the company, valued at $15,157,067.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven Alan Denny sold 1,010 shares of the stock in a transaction that occurred on 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 directly owns 12,911 shares of the company’s stock, valued at approximately $1,589,473.21. The disclosure for this sale can be found here. Insiders sold a total of 41,778 shares of company stock worth $5,182,791 over the last ninety days. 2.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FND. Wells Fargo & Company reduced their price target on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday. TD Cowen reduced their price objective on Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, July 12th. Piper Sandler upped their target price on Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Evercore ISI dropped their price target on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 2nd. Finally, Wedbush decreased their target price on Floor & Decor from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $106.33.

Floor & Decor Stock Up 2.8 %

FND traded up $2.61 on Friday, reaching $96.05. The company’s stock had a trading volume of 2,001,733 shares, compared to its average volume of 2,238,582. The stock has a 50 day moving average of $106.35 and a two-hundred day moving average of $111.85. Floor & Decor Holdings, Inc. has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The company has a market capitalization of $10.28 billion, a price-to-earnings ratio of 46.40, a P/E/G ratio of 10.19 and a beta of 1.73. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10.

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 analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. As a group, analysts forecast that Floor & Decor Holdings, Inc. will post 1.83 EPS for the current fiscal year.

Floor & Decor 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.