Wealth Enhancement Advisory Services LLC Buys 404 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Wealth Enhancement Advisory Services LLC boosted its stake in Floor & Decor Holdings, Inc. (NYSE:FNDFree Report) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,066 shares of the company’s stock after purchasing an additional 404 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Floor & Decor were worth $1,046,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in FND. Polen Capital Management LLC boosted its holdings in Floor & Decor by 59,133.5% in the 4th quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock valued at $27,861,000 after purchasing an additional 25,141,795 shares during the period. Capital World Investors grew its holdings in shares of Floor & Decor by 5.6% during the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock worth $1,328,518,000 after purchasing an additional 627,256 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Floor & Decor by 435.1% in the third quarter. Wellington Management Group LLP now owns 653,740 shares of the company’s stock worth $59,163,000 after purchasing an additional 531,574 shares during the last quarter. Principal Financial Group Inc. lifted its position in Floor & Decor by 3,355.8% during the fourth quarter. Principal Financial Group Inc. now owns 444,583 shares of the company’s stock valued at $49,598,000 after purchasing an additional 431,718 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Floor & Decor in the 4th quarter worth approximately $42,114,000.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Robert W. Baird reissued an “outperform” rating and issued a $127.00 target price on shares of Floor & Decor in a research note on Tuesday, July 2nd. Mizuho decreased their price objective on Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Piper Sandler upped their target price on Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Wedbush reissued an “outperform” rating and set a $125.00 price target on shares of Floor & Decor in a research note on Friday, May 3rd. Finally, Evercore ISI cut their price objective on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $108.62.

Check Out Our Latest Stock Report on Floor & Decor

Insiders Place Their Bets

In other news, Director Peter Starrett sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 128,189 shares of the company’s stock, valued at $15,157,067.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Floor & Decor news, Director Peter Starrett sold 5,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total value of $591,200.00. Following the transaction, the director now owns 128,189 shares of the company’s stock, valued at $15,157,067.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Steven Alan Denny sold 1,010 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $123.11, for a total value 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 41,778 shares of company stock valued at $5,182,791. 2.10% of the stock is owned by insiders.

Floor & Decor Price Performance

FND stock opened at $93.19 on Monday. The firm has a 50-day moving average of $113.47 and a 200 day moving average of $113.66. 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 company has a market cap of $9.97 billion, a P/E ratio of 45.02, a PEG ratio of 9.60 and a beta of 1.73. Floor & Decor Holdings, Inc. has a 1 year low of $76.30 and a 1 year high of $135.67.

Floor & Decor (NYSE:FNDGet Free Report) last released its quarterly earnings results 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. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $0.66 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 1.89 EPS for the current year.

Floor & Decor Profile

(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

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

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