Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 0.1% during the fourth quarter, Holdings Channel reports. The firm owned 80,801 shares of the company’s stock after selling 120 shares during the quarter. Russell Investments Group Ltd.’s holdings in Floor & Decor were worth $9,049,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. DekaBank Deutsche Girozentrale bought a new position in shares of Floor & Decor during the third quarter valued at approximately $30,000. Mendota Financial Group LLC acquired a new stake in Floor & Decor in the fourth quarter worth $33,000. Y.D. More Investments Ltd bought a new stake in Floor & Decor in the third quarter valued at $45,000. GAMMA Investing LLC acquired a new position in shares of Floor & Decor during the fourth quarter valued at $53,000. Finally, NBC Securities Inc. bought a new position in shares of Floor & Decor during the third quarter worth about $60,000.

Floor & Decor Trading Up 3.5 %

Shares of NYSE:FND opened at $116.97 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of 56.51, a PEG ratio of 5.51 and a beta of 1.86. Floor & Decor Holdings, Inc. has a 1-year low of $76.30 and a 1-year high of $135.67. The company has a 50 day moving average price of $118.92 and a 200 day moving average price of $106.64.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.66 EPS. On average, research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FND shares. UBS Group reduced their target price on shares of Floor & Decor from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday. Stifel Nicolaus decreased their price objective on Floor & Decor from $115.00 to $110.00 and set a “hold” rating for the company in a report on Monday, February 26th. TD Cowen cut their target price on Floor & Decor from $125.00 to $115.00 and set a “hold” rating on the stock in a research note on Friday. Evercore ISI reduced their price target on Floor & Decor from $120.00 to $115.00 and set an “in-line” rating for the company in a research report on Friday. Finally, Sanford C. Bernstein lowered Floor & Decor from an “outperform” rating to a “market perform” rating and raised their price target for the company from $100.00 to $115.00 in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $108.76.

Insider Activity

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