4,006 Shares in Floor & Decor Holdings, Inc. (NYSE:FND) Acquired by Level Four Advisory Services LLC

Level Four Advisory Services LLC purchased a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,006 shares of the company’s stock, valued at approximately $393,000.

A number of other institutional investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised 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 valued at $851,358,000 after purchasing an additional 1,948,425 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Floor & Decor by 0.6% in 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 in the last quarter. BlackRock Inc. raised its position in shares of Floor & Decor by 21.4% in the 1st quarter. BlackRock Inc. now owns 7,948,493 shares of the company’s stock valued at $780,701,000 after purchasing an additional 1,401,173 shares in the last quarter. FMR LLC raised its position in shares of Floor & Decor by 38.2% in the 1st quarter. FMR LLC now owns 3,661,808 shares of the company’s stock valued at $359,663,000 after purchasing an additional 1,012,206 shares in the last quarter. Finally, Wasatch Advisors Inc. raised 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 valued at $267,805,000 after purchasing an additional 28,689 shares in the last quarter.

Wall Street Analyst Weigh In

FND has been the topic of a number of recent analyst reports. Credit Suisse Group reaffirmed a “neutral” rating and issued a $95.00 target price on shares of Floor & Decor in a research report on Friday, August 4th. Robert W. Baird lowered their price target on Floor & Decor from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Friday, August 4th. Wells Fargo & Company lowered their price target on Floor & Decor from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, August 4th. Citigroup lowered their price target on Floor & Decor from $133.00 to $122.00 in a report on Friday, August 4th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $105.00 price target on shares of Floor & Decor in a report on Monday, August 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $104.18.

Floor & Decor Trading Down 1.3 %

NYSE:FND opened at $93.80 on Monday. 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 stock has a market cap of $9.98 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 2.27 and a beta of 1.96. The business has a fifty day moving average of $103.95 and a 200-day moving average of $98.05. Floor & Decor Holdings, Inc. has a 1 year low of $63.51 and a 1 year high of $116.03.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a return on equity of 16.94% and a net margin of 6.55%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Equities analysts predict that Floor & Decor Holdings, Inc. will post 2.42 earnings per share for the current year.

Insider Activity

In other news, EVP David Victor Christopherson sold 5,804 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 42,356 shares of the company’s stock, valued at $4,235,600. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Thomas V. Taylor sold 18,656 shares of the stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $105.00, for a total value of $1,958,880.00. Following the completion of the sale, the chief executive officer now directly owns 215,203 shares of the company’s stock, valued at approximately $22,596,315. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Victor Christopherson sold 5,804 shares of the stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $100.00, for a total value of $580,400.00. Following the completion of the sale, the executive vice president now directly owns 42,356 shares of the company’s stock, valued at $4,235,600. The disclosure for this sale can be found here. Insiders sold a total of 55,301 shares of company stock valued at $5,984,168 over the last three months. Insiders own 2.50% of the company’s stock.

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.