Swiss National Bank Reduces Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Swiss National Bank decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 10.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 199,300 shares of the company’s stock after selling 22,700 shares during the quarter. Swiss National Bank’s holdings in Floor & Decor were worth $22,234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. lifted its position 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 buying an additional 113 shares during the last quarter. Lindbrook Capital LLC lifted its position in Floor & Decor by 16.4% in the fourth quarter. Lindbrook Capital LLC now owns 885 shares of the company’s stock valued at $99,000 after acquiring an additional 125 shares during the last quarter. Roundview Capital LLC boosted its stake in Floor & Decor by 0.7% in the third quarter. Roundview Capital LLC now owns 18,735 shares of the company’s stock valued at $1,696,000 after acquiring an additional 129 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Floor & Decor by 2.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 5,410 shares of the company’s stock worth $490,000 after purchasing an additional 136 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Floor & Decor by 9.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,805 shares of the company’s stock worth $201,000 after purchasing an additional 163 shares in the last quarter.

Insider Buying and Selling

In other Floor & Decor news, Director Norman Axelrod sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $119.97, for a total transaction of $4,798,800.00. Following the completion of the transaction, the director now directly owns 226,080 shares in the company, valued at approximately $27,122,817.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Norman Axelrod sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $119.97, for a total value of $4,798,800.00. Following the sale, the director now owns 226,080 shares of the company’s stock, valued at approximately $27,122,817.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 of the company’s stock, valued at approximately $2,999,667.70. The disclosure for this sale can be found here. Insiders have sold 90,867 shares of company stock worth $11,016,089 in the last three months. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

FND has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price target on Floor & Decor from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Mizuho reduced their price target on shares of Floor & Decor from $115.00 to $110.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Wedbush reissued an “outperform” rating and set a $125.00 price objective on shares of Floor & Decor in a research report on Friday, May 3rd. Evercore ISI reduced their target price on shares of Floor & Decor from $120.00 to $115.00 and set an “in-line” rating for the company in a report on Friday, May 3rd. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $110.00 price target on shares of Floor & Decor in a report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $108.76.

Floor & Decor Trading Down 1.3 %

Shares of Floor & Decor stock opened at $115.35 on Thursday. The company has a 50-day moving average of $118.69 and a two-hundred day moving average of $106.95. The stock has a market cap of $12.32 billion, a PE ratio of 55.72, a price-to-earnings-growth ratio of 5.51 and a beta of 1.86. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. Floor & Decor Holdings, Inc. has a 12-month low of $76.30 and a 12-month high of $135.67.

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, beating the consensus estimate of $0.44 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. Floor & Decor’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the business posted $0.66 EPS. On average, research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.9 EPS for the current fiscal 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.