Treasurer of the State of North Carolina Grows Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Treasurer of the State of North Carolina boosted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FNDFree Report) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,163 shares of the company’s stock after buying an additional 450 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Floor & Decor were worth $5,150,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. FMR LLC increased its stake in shares of Floor & Decor by 13.1% in the third quarter. FMR LLC now owns 4,605,699 shares of the company’s stock worth $416,816,000 after purchasing an additional 531,891 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of Floor & Decor by 1.0% in the fourth quarter. WCM Investment Management LLC now owns 4,521,719 shares of the company’s stock valued at $514,979,000 after acquiring an additional 46,964 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Floor & Decor by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 781,657 shares of the company’s stock worth $87,202,000 after acquiring an additional 25,740 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Floor & Decor by 12.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 726,850 shares of the company’s stock worth $81,099,000 after purchasing an additional 79,210 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Floor & Decor by 435.1% during the 3rd quarter. Wellington Management Group LLP now owns 653,740 shares of the company’s stock valued at $59,163,000 after purchasing an additional 531,574 shares during the period.

Floor & Decor Trading Down 0.7 %

FND stock opened at $116.10 on Tuesday. The company has a market capitalization of $12.42 billion, a PE ratio of 56.09, a P/E/G ratio of 12.04 and a beta of 1.78. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. Floor & Decor Holdings, Inc. has a 12 month low of $76.30 and a 12 month high of $135.67. The firm’s 50-day moving average is $116.37 and its 200 day moving average is $111.67.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FND shares. TD Cowen cut their price objective on shares of Floor & Decor from $125.00 to $115.00 and set a “hold” rating for the company in a report on Friday, May 3rd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 target price on shares of Floor & Decor in a research note on Monday, April 29th. Mizuho decreased their price target on shares of Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Evercore ISI raised their price objective on Floor & Decor from $120.00 to $125.00 and gave the company an “in-line” rating in a research report on Tuesday, May 14th. Finally, Piper Sandler boosted their target price on Floor & Decor from $105.00 to $115.00 and gave the stock 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $109.24.

Get Our Latest Stock Report on Floor & Decor

Insider Transactions at Floor & Decor

In related news, Director Peter Starrett sold 1,569 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $122.61, for a total value of $192,375.09. Following the completion of the sale, the director now directly owns 118,620 shares of the company’s stock, valued at $14,543,998.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Steven Alan Denny sold 1,010 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $123.11, for a total transaction of $124,341.10. Following the completion of the sale, the executive vice president now directly owns 12,911 shares in the company, valued at approximately $1,589,473.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter Starrett sold 1,569 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $122.61, for a total transaction of $192,375.09. Following the completion of the transaction, the director now owns 118,620 shares of the company’s stock, valued at $14,543,998.20. The disclosure for this sale can be found here. In the last 90 days, 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.

See Also

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

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