Floor & Decor Holdings, Inc. (NYSE:FND) Position Lowered by NewEdge Wealth LLC

NewEdge Wealth LLC decreased its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 36.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,302 shares of the company’s stock after selling 1,298 shares during the quarter. NewEdge Wealth LLC’s holdings in Floor & Decor were worth $257,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. DekaBank Deutsche Girozentrale bought a new position in Floor & Decor in the third quarter worth about $30,000. Mendota Financial Group LLC acquired a new stake in shares of Floor & Decor in the fourth quarter valued at approximately $33,000. Y.D. More Investments Ltd acquired a new stake in shares of Floor & Decor in the third quarter valued at approximately $45,000. Stephens Inc. AR increased its stake in shares of Floor & Decor by 72.5% in the first quarter. Stephens Inc. AR now owns 545 shares of the company’s stock valued at $54,000 after purchasing an additional 229 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Floor & Decor in the first quarter valued at approximately $57,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FND shares. Guggenheim raised their price target on shares of Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Piper Sandler raised their price target on shares of Floor & Decor from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. UBS Group lowered shares of Floor & Decor from a “buy” rating to a “neutral” rating and set a $135.00 price target on the stock. in a research note on Tuesday, March 5th. Mizuho began coverage on shares of Floor & Decor in a research note on Tuesday, March 19th. They set a “neutral” rating and a $115.00 price objective on the stock. Finally, Evercore ISI lowered their price objective on shares of Floor & Decor from $125.00 to $120.00 and set an “in-line” rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $110.19.

Insider Buying and Selling

In related news, President Trevor Lang sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the transaction, the president now owns 170,844 shares of the company’s stock, valued at approximately $21,061,648.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, President Trevor Lang sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the transaction, the president now owns 170,844 shares of the company’s stock, valued at approximately $21,061,648.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of 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. In the last 90 days, insiders sold 90,867 shares of company stock valued at $11,016,089. Company insiders own 2.10% of the company’s stock.

Floor & Decor Trading Up 1.1 %

Floor & Decor stock opened at $109.58 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 48.27, a price-to-earnings-growth ratio of 5.21 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. The firm’s 50 day moving average price is $119.01 and its two-hundred day moving average price is $104.31.

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