Sumitomo Mitsui Trust Holdings Inc. Trims Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Sumitomo Mitsui Trust Holdings Inc. reduced its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 27.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,693 shares of the company’s stock after selling 2,181 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Floor & Decor were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Transactions at Floor & Decor

In other news, CAO David Victor Christopherson sold 6,850 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the sale, the chief accounting officer now owns 25,271 shares in the company, valued at $2,999,667.70. The sale was disclosed in a document filed 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 stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the sale, the chief accounting officer now owns 25,271 shares in the company, valued at $2,999,667.70. The sale was disclosed in a document filed 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 value of $2,462,200.00. Following the completion of the sale, the chief executive officer now owns 174,315 shares in the company, valued at approximately $21,459,919.65. The disclosure for this sale can be found here. Insiders have sold 90,867 shares of company stock worth $11,016,089 over the last quarter. 2.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FND. Wedbush lifted their price target on Floor & Decor from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. TD Cowen began coverage on Floor & Decor in a report on Wednesday, April 10th. They issued a “hold” rating and a $125.00 price target on the stock. The Goldman Sachs Group lifted their price target on Floor & Decor from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Guggenheim lifted their price target on Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, UBS Group downgraded Floor & Decor from a “buy” rating to a “neutral” rating and set a $135.00 price target on the stock. in a report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Floor & Decor currently has a consensus rating of “Hold” and an average target price of $110.19.

Floor & Decor Stock Down 1.5 %

Floor & Decor stock opened at $108.05 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 business’s 50-day simple moving average is $119.02 and its two-hundred day simple moving average is $105.04. The company has a market cap of $11.54 billion, a PE ratio of 47.60, a PEG ratio of 5.30 and a beta of 1.85. Floor & Decor Holdings, Inc. has a fifty-two week low of $76.30 and a fifty-two week high of $135.67.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.34 earnings per share 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 the consensus estimate of $1.01 billion. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 EPS. Equities analysts anticipate 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.