New York State Teachers Retirement System Buys Shares of 37,300 Floor & Decor Holdings, Inc. (NYSE:FND)

New York State Teachers Retirement System bought a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the 4th quarter, HoldingsChannel reports. The firm bought 37,300 shares of the company’s stock, valued at approximately $4,161,000.

Several other hedge funds have also bought and sold shares of the stock. Hardy Reed LLC bought a new stake in Floor & Decor during the fourth quarter valued at approximately $212,000. International Assets Investment Management LLC bought a new stake in Floor & Decor during the fourth quarter valued at approximately $2,203,000. Compass Ion Advisors LLC bought a new stake in Floor & Decor during the fourth quarter valued at approximately $205,000. Trust Point Inc. bought a new stake in Floor & Decor during the fourth quarter valued at approximately $970,000. Finally, Bell Bank lifted its position in Floor & Decor by 42.1% during the fourth quarter. Bell Bank now owns 8,017 shares of the company’s stock valued at $894,000 after purchasing an additional 2,375 shares during the last quarter.

Insider Activity

In other news, CAO David Victor Christopherson sold 6,850 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total value of $813,095.00. Following the sale, the chief accounting officer now directly owns 25,271 shares of the company’s stock, valued at approximately $2,999,667.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO David Victor Christopherson sold 6,850 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total value of $813,095.00. Following the sale, the chief accounting officer now directly owns 25,271 shares of the company’s stock, valued at approximately $2,999,667.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas V. Taylor sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.11, for a total transaction of $2,462,200.00. Following the completion of the sale, the chief executive officer now directly owns 174,315 shares in the company, valued at $21,459,919.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,867 shares of company stock worth $11,016,089. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Evercore ISI lifted their price target on shares of Floor & Decor from $120.00 to $130.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. Barclays lifted their price target on shares of Floor & Decor from $66.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday, January 4th. Sanford C. Bernstein downgraded shares of Floor & Decor from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $100.00 to $115.00 in a research note on Tuesday, January 16th. TD Cowen assumed coverage on shares of Floor & Decor in a research note on Wednesday, April 10th. They set a “hold” rating and a $125.00 price target on the stock. Finally, Guggenheim lifted their price target on shares of Floor & Decor from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $110.67.

Floor & Decor Stock Down 2.0 %

Shares of Floor & Decor stock opened at $112.43 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.18 and a debt-to-equity ratio of 0.10. The company’s fifty day simple moving average is $118.65 and its two-hundred day simple moving average is $103.97. The company has a market cap of $12.00 billion, a P/E ratio of 49.53, a PEG ratio of 5.41 and a beta of 1.85. Floor & Decor Holdings, Inc. has a 12-month low of $76.30 and a 12-month high of $135.67.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 EPS. Research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current year.

About Floor & Decor

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.