KBC Group NV Takes $200,000 Position in Floor & Decor Holdings, Inc. (NYSE:FND)

KBC Group NV acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FNDFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,794 shares of the company’s stock, valued at approximately $200,000.

Several other institutional investors have also modified their holdings of FND. Principal Financial Group Inc. raised its holdings in shares of Floor & Decor by 3.5% in the third quarter. Principal Financial Group Inc. now owns 12,865 shares of the company’s stock worth $1,164,000 after buying an additional 433 shares during the period. J.P. Morgan Private Wealth Advisors LLC raised its holdings in shares of Floor & Decor by 2.6% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 10,469 shares of the company’s stock worth $947,000 after buying an additional 264 shares during the period. Amalgamated Bank raised its holdings in shares of Floor & Decor by 11.8% in the third quarter. Amalgamated Bank now owns 25,289 shares of the company’s stock worth $2,289,000 after buying an additional 2,664 shares during the period. Swiss National Bank raised its holdings in shares of Floor & Decor by 0.8% in the third quarter. Swiss National Bank now owns 222,000 shares of the company’s stock worth $20,091,000 after buying an additional 1,800 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Floor & Decor by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 755,917 shares of the company’s stock worth $68,410,000 after buying an additional 13,458 shares during the period.

Wall Street Analysts Forecast Growth

FND has been the topic of several recent analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 price target on shares of Floor & Decor in a report on Monday, April 29th. Truist Financial raised their price objective on Floor & Decor from $102.00 to $127.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. The Goldman Sachs Group raised their price objective on Floor & Decor from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. UBS Group reduced their price objective on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Finally, TD Cowen reduced their price objective on Floor & Decor from $125.00 to $115.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. Two 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $109.24.

Read Our Latest Stock Report on FND

Floor & Decor Stock Down 2.3 %

Floor & Decor stock opened at $116.95 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. The stock has a market capitalization of $12.51 billion, a price-to-earnings ratio of 56.50, a PEG ratio of 12.04 and a beta of 1.78. Floor & Decor Holdings, Inc. has a 1-year low of $76.30 and a 1-year high of $135.67. The business has a fifty day moving average price of $115.43 and a 200-day moving average price of $112.28.

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

Insiders Place Their Bets

In other Floor & Decor news, Director Peter Starrett sold 1,569 shares of Floor & Decor 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 sale, the director now owns 118,620 shares of the company’s stock, valued at approximately $14,543,998.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Floor & Decor news, EVP Steven Alan Denny sold 1,010 shares of Floor & Decor stock in a transaction dated 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 owns 12,911 shares of the company’s stock, valued at approximately $1,589,473.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Peter Starrett sold 1,569 shares of the business’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 transaction, the director now directly owns 118,620 shares of the company’s stock, valued at approximately $14,543,998.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,579 shares of company stock valued at $907,916. 2.10% of the stock is owned by company 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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