Zurcher Kantonalbank Zurich Cantonalbank Has $2.45 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,917 shares of the company’s stock after buying an additional 2,112 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Floor & Decor were worth $2,445,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. FMR LLC lifted its holdings in shares of Floor & Decor by 13.1% during the third quarter. FMR LLC now owns 4,605,699 shares of the company’s stock worth $416,816,000 after buying an additional 531,891 shares during the last quarter. WCM Investment Management LLC increased its position in Floor & Decor by 1.0% during the fourth quarter. WCM Investment Management LLC now owns 4,521,719 shares of the company’s stock worth $514,979,000 after acquiring an additional 46,964 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Floor & Decor by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 755,917 shares of the company’s stock valued at $68,410,000 after purchasing an additional 13,458 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Floor & Decor by 435.1% in the 3rd quarter. Wellington Management Group LLP now owns 653,740 shares of the company’s stock valued at $59,163,000 after purchasing an additional 531,574 shares during the period. Finally, TimesSquare Capital Management LLC grew its position in Floor & Decor by 36.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 610,967 shares of the company’s stock worth $55,293,000 after purchasing an additional 162,807 shares during the last quarter.

Insider Activity

In related news, CAO David Victor Christopherson sold 6,850 shares of the business’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 sale, the chief accounting officer now directly owns 25,271 shares of the company’s stock, valued at $2,999,667.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO David Victor Christopherson sold 6,850 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the transaction, the chief accounting officer now directly owns 25,271 shares in the company, valued at approximately $2,999,667.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bryan Langley sold 5,865 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total value of $702,978.90. Following the completion of the sale, the chief financial officer now owns 17,422 shares of the company’s stock, valued at approximately $2,088,200.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,867 shares of company stock valued at $11,016,089. 2.10% of the stock is currently owned by insiders.

Floor & Decor Stock Performance

FND stock opened at $110.00 on Wednesday. The company has a 50 day moving average price of $118.93 and a 200 day moving average price of $104.84. Floor & Decor Holdings, Inc. has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18. The stock has a market capitalization of $11.74 billion, a PE ratio of 48.46, a price-to-earnings-growth ratio of 5.21 and a beta of 1.85.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FND shares. Stifel Nicolaus cut their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a “hold” rating for the company in a research report on Monday, February 26th. Piper Sandler raised their price objective on Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Sanford C. Bernstein cut Floor & Decor from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $100.00 to $115.00 in a research report on Tuesday, January 16th. Wells Fargo & Company lowered Floor & Decor from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $85.00 to $105.00 in a research note on Thursday, January 4th. Finally, Telsey Advisory Group lifted their price target on shares of Floor & Decor from $95.00 to $110.00 and gave the stock a “market perform” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $110.19.

Floor & Decor 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.