Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 182,290 shares of the company’s stock after selling 6,099 shares during the period. California Public Employees Retirement System’s holdings in Floor & Decor were worth $20,336,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mendota Financial Group LLC acquired a new stake in Floor & Decor in the 4th quarter valued at about $33,000. DekaBank Deutsche Girozentrale acquired a new stake in Floor & Decor in the 3rd quarter valued at about $30,000. Y.D. More Investments Ltd acquired a new stake in Floor & Decor in the 3rd quarter valued at about $45,000. Whittier Trust Co. of Nevada Inc. raised its holdings in 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 last quarter. Finally, NBC Securities Inc. acquired a new stake in Floor & Decor in the 3rd quarter valued at about $60,000.

Wall Street Analysts Forecast Growth

FND has been the subject of a number of recent research reports. Sanford C. Bernstein downgraded shares of Floor & Decor from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $100.00 to $115.00 in a report on Tuesday, January 16th. Wells Fargo & Company downgraded shares of Floor & Decor from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $85.00 to $105.00 in a report on Thursday, January 4th. UBS Group downgraded shares of Floor & Decor from a “buy” rating to a “neutral” rating and set a $135.00 price target for the company. in a report on Tuesday, March 5th. Truist Financial raised their price target on shares of Floor & Decor from $102.00 to $127.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, Piper Sandler raised 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. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Floor & Decor has a consensus rating of “Hold” and a consensus price target of $110.19.

Insider Buying and Selling at Floor & Decor

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

Floor & Decor Stock Performance

Shares of FND stock opened at $110.93 on Monday. The company has a quick ratio of 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67. The stock has a market capitalization of $11.84 billion, a PE ratio of 48.87, a P/E/G ratio of 5.34 and a beta of 1.85. The firm has a 50 day moving average of $118.98 and a two-hundred day moving average of $105.46.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.34 EPS for the quarter, beating 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 company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the company posted $0.64 EPS. The firm’s revenue was up .0% compared to the same quarter last year. 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.