Bleakley Financial Group LLC Makes New Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

Bleakley Financial Group LLC bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 2,152 shares of the company’s stock, valued at approximately $240,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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 worth $639,229,000 after acquiring an additional 56,747 shares in the last quarter. BlackRock Inc. increased its holdings in Floor & Decor by 21.4% during the 1st quarter. BlackRock Inc. now owns 7,948,493 shares of the company’s stock worth $780,701,000 after purchasing an additional 1,401,173 shares in the last quarter. FMR LLC increased its holdings in Floor & Decor by 13.1% during the 3rd quarter. FMR LLC now owns 4,605,699 shares of the company’s stock worth $416,816,000 after purchasing an additional 531,891 shares in the last quarter. Wasatch Advisors Inc. boosted its stake 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 buying an additional 28,689 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Floor & Decor by 5.5% in the 4th quarter. Morgan Stanley now owns 2,473,105 shares of the company’s stock worth $172,202,000 after buying an additional 128,096 shares during the last quarter.

Insiders Place Their Bets

In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $123.52, for a total value of $636,375.04. Following the completion of the sale, the executive vice president now directly owns 13,271 shares in the company, valued at $1,639,233.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Floor & Decor news, CAO David Victor Christopherson sold 6,850 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total transaction of $813,095.00. Following the completion of the transaction, the chief accounting officer now owns 25,271 shares of the company’s stock, valued at $2,999,667.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven Alan Denny sold 5,152 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $123.52, for a total transaction of $636,375.04. Following the transaction, the executive vice president now directly owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The disclosure for this sale can be found here. Insiders sold 90,867 shares of company stock worth $11,016,089 over the last three months. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FND shares. Guggenheim boosted their target price on Floor & Decor from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. The Goldman Sachs Group increased their target price on Floor & Decor from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Piper Sandler upped their price target on shares of Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Bank of America upped their price target on shares of Floor & Decor from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Finally, UBS Group cut Floor & Decor from a “buy” rating to a “neutral” rating and set a $135.00 target price on the stock. in a research note on Tuesday, March 5th. Two 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.com, the stock has an average rating of “Hold” and a consensus price target of $110.67.

Floor & Decor Stock Performance

Floor & Decor stock opened at $110.33 on Tuesday. 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 firm has a 50-day moving average of $118.79 and a 200-day moving average of $104.12. The firm has a market cap of $11.78 billion, a P/E ratio of 48.60, a P/E/G ratio of 5.41 and a beta of 1.85. Floor & Decor Holdings, Inc. has a 1-year low of $76.30 and a 1-year high of $135.67.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, February 22nd. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. Floor & Decor’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share. Sell-side analysts expect that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current year.

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.