Nomura Asset Management Co. Ltd. Raises Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Nomura Asset Management Co. Ltd. increased its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FNDFree Report) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,141 shares of the company’s stock after purchasing an additional 120 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Floor & Decor were worth $574,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Ontario Teachers Pension Plan Board purchased a new position in shares of Floor & Decor during the fourth quarter valued at approximately $599,000. King Luther Capital Management Corp purchased a new position in shares of Floor & Decor during the fourth quarter valued at approximately $1,049,000. Giverny Capital Inc. raised its holdings in shares of Floor & Decor by 1.3% during the fourth quarter. Giverny Capital Inc. now owns 287,111 shares of the company’s stock valued at $32,030,000 after purchasing an additional 3,656 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Floor & Decor by 24.0% during the fourth quarter. Clearbridge Investments LLC now owns 314,858 shares of the company’s stock valued at $35,126,000 after purchasing an additional 61,012 shares during the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in shares of Floor & Decor during the fourth quarter valued at approximately $328,000.

Analyst Ratings Changes

FND has been the subject of several recent research reports. TD Cowen cut their target price on shares of Floor & Decor from $125.00 to $115.00 and set a “hold” rating for the company in a research report on Friday, May 3rd. Evercore ISI boosted their target price on shares of Floor & Decor from $120.00 to $125.00 and gave the company an “in-line” rating in a research report on Tuesday, May 14th. Truist Financial boosted their target price on shares of Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Mizuho cut their target price 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. Finally, Piper Sandler boosted their target price on shares of Floor & Decor from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Floor & Decor has an average rating of “Hold” and an average target price of $109.24.

Check Out Our Latest Stock Analysis on FND

Floor & Decor Price Performance

FND stock opened at $116.86 on Friday. Floor & Decor Holdings, Inc. has a one year low of $76.30 and a one year high of $135.67. The company’s fifty day moving average price is $116.60 and its 200-day moving average price is $111.32. 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 company has a market capitalization of $12.51 billion, a PE ratio of 56.45, a price-to-earnings-growth ratio of 12.04 and a beta of 1.86.

Floor & Decor (NYSE:FNDGet Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 1.89 EPS for the current fiscal year.

Insider Transactions at Floor & Decor

In other news, EVP Steven Alan Denny sold 1,010 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $123.11, for a total value of $124,341.10. Following the transaction, the executive vice president now owns 12,911 shares of the company’s stock, valued at $1,589,473.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Steven Alan Denny sold 1,010 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $123.11, for a total transaction of $124,341.10. Following the sale, the executive vice president now owns 12,911 shares of the company’s stock, valued at $1,589,473.21. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Peter Starrett sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total transaction of $591,200.00. Following the sale, the director now directly owns 128,189 shares in the company, valued at approximately $15,157,067.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,579 shares of company stock valued at $907,916. 2.10% of the stock is currently owned by corporate insiders.

About Floor & Decor

(Free Report)

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.

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Institutional Ownership by Quarter for Floor & Decor (NYSE:FND)

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