Lindbrook Capital LLC Increases Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Lindbrook Capital LLC boosted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 885 shares of the company’s stock after purchasing an additional 125 shares during the period. Lindbrook Capital LLC’s holdings in Floor & Decor were worth $99,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Floor & Decor during the 3rd quarter valued at approximately $30,000. Mendota Financial Group LLC acquired a new stake in Floor & Decor during the fourth quarter worth $33,000. Y.D. More Investments Ltd purchased a new stake in Floor & Decor in the third quarter valued at $45,000. NBC Securities Inc. acquired a new position in shares of Floor & Decor in the 3rd quarter valued at $60,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Floor & Decor by 24.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock worth $64,000 after purchasing an additional 113 shares during the period.

Floor & Decor Trading Down 0.3 %

NYSE:FND opened at $109.67 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14. Floor & Decor Holdings, Inc. has a 1 year low of $76.30 and a 1 year high of $135.67. The stock has a market cap of $11.71 billion, a P/E ratio of 48.31, a P/E/G ratio of 5.23 and a beta of 1.85. The stock has a 50-day simple moving average of $119.01 and a 200-day simple moving average of $105.00.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the business earned $0.64 EPS. Floor & Decor’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, analysts anticipate that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Telsey Advisory Group upped their target price on shares of Floor & Decor from $95.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, February 23rd. UBS Group lowered shares of Floor & Decor from a “buy” rating to a “neutral” rating and set a $135.00 price objective on the stock. in a report on Tuesday, March 5th. Truist Financial lifted their target price on shares of Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. TD Cowen started coverage on 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, Evercore ISI cut their price objective on Floor & Decor from $125.00 to $120.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Floor & Decor currently has a consensus rating of “Hold” and a consensus target price of $110.19.

Insider Activity

In other news, CEO Thomas V. Taylor sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $123.11, for a total value of $2,462,200.00. Following the completion of the sale, the chief executive officer now directly owns 174,315 shares of the company’s stock, valued at $21,459,919.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of the company’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 sale, the executive vice president now directly owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas V. Taylor sold 20,000 shares of Floor & Decor stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $123.11, for a total value of $2,462,200.00. Following the completion of the transaction, the chief executive officer now 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 three months, insiders sold 90,867 shares of company stock valued at $11,016,089. Insiders own 2.10% of the company’s stock.

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.