Citigroup Inc. Grows Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Citigroup Inc. lifted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 34.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,925 shares of the company’s stock after purchasing an additional 16,726 shares during the period. Citigroup Inc. owned 0.06% of Floor & Decor worth $6,377,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its position in shares of Floor & Decor by 19.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,226,884 shares of the company’s stock worth $851,358,000 after buying an additional 1,948,425 shares during the last quarter. Vanguard Group Inc. increased its position in Floor & Decor by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 9,098,053 shares of the company’s stock valued at $639,229,000 after purchasing an additional 56,747 shares during the period. BlackRock Inc. raised its holdings in Floor & Decor by 0.8% in the 1st quarter. BlackRock Inc. now owns 6,580,259 shares of the company’s stock worth $533,001,000 after purchasing an additional 55,279 shares in the last quarter. Wasatch Advisors Inc. lifted its position in shares of Floor & Decor by 0.9% in the 1st quarter. Wasatch Advisors Inc. now owns 3,306,234 shares of the company’s stock worth $267,805,000 after purchasing an additional 28,689 shares during the period. Finally, Bamco Inc. NY boosted its stake in shares of Floor & Decor by 8.6% during the 4th quarter. Bamco Inc. NY now owns 2,752,790 shares of the company’s stock valued at $191,677,000 after purchasing an additional 218,876 shares in the last quarter.

Insider Buying and Selling at Floor & Decor

In other news, EVP David Victor Christopherson sold 5,804 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $100.00, for a total transaction of $580,400.00. Following the transaction, the executive vice president now directly owns 42,356 shares of the company’s stock, valued at approximately $4,235,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Steven Alan Denny sold 6,381 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $103.59, for a total transaction of $661,007.79. Following the completion of the sale, the executive vice president now directly owns 12,419 shares in the company, valued at $1,286,484.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Victor Christopherson sold 5,804 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $100.00, for a total transaction of $580,400.00. Following the completion of the transaction, the executive vice president now owns 42,356 shares in the company, valued at $4,235,600. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,301 shares of company stock worth $5,984,168. Insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FND shares. Jefferies Financial Group downgraded shares of Floor & Decor from a “buy” rating to a “hold” rating and decreased their price target for the stock from $110.00 to $108.00 in a research note on Friday, July 21st. Truist Financial started coverage on Floor & Decor in a research report on Friday, June 23rd. They issued a “buy” rating and a $120.00 target price for the company. Loop Capital lifted their price target on Floor & Decor from $82.00 to $100.00 and gave the company a “hold” rating in a research report on Monday, August 7th. Credit Suisse Group reiterated a “neutral” rating and issued a $95.00 price objective on shares of Floor & Decor in a report on Friday, August 4th. Finally, Wedbush dropped their target price on shares of Floor & Decor from $115.00 to $110.00 in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $103.19.

Floor & Decor Price Performance

NYSE FND opened at $99.70 on Friday. Floor & Decor Holdings, Inc. has a one year low of $63.51 and a one year high of $116.03. The stock has a 50-day moving average of $105.17 and a 200 day moving average of $97.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.15 and a current ratio of 1.20. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 2.33 and a beta of 1.90.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a net margin of 6.55% and a return on equity of 16.94%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 earnings per share. On average, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 2.43 EPS for the current year.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer and commercial flooring distributor 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.