Hantz Financial Services Inc. Invests $184,000 in Floor & Decor Holdings, Inc. (NYSE:FND)

Hantz Financial Services Inc. purchased a new position in Floor & Decor Holdings, Inc. (NYSE:FND) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,855 shares of the company’s stock, valued at approximately $184,000.

A number of other institutional investors have also recently made changes to their positions in FND. Polen Capital Management LLC boosted its stake in shares of Floor & Decor by 59,133.5% in the fourth quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock worth $27,861,000 after acquiring an additional 25,141,795 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Floor & Decor by 20.4% in the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock valued at $1,020,348,000 after buying an additional 1,334,650 shares during the period. Capital World Investors grew its stake in Floor & Decor by 5.6% during the 4th 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. Principal Financial Group Inc. grew its stake in Floor & Decor by 3,355.8% during the 4th quarter. Principal Financial Group Inc. now owns 444,583 shares of the company’s stock worth $49,598,000 after purchasing an additional 431,718 shares in the last quarter. Finally, Norges Bank acquired a new position in Floor & Decor during the 4th quarter worth $39,315,000.

Analyst Ratings Changes

Several research analysts recently commented on FND shares. Wedbush reissued an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a research note on Friday, August 2nd. Wells Fargo & Company lowered their target price on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Piper Sandler lowered their price objective on Floor & Decor from $115.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus upped their price objective on Floor & Decor from $85.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Guggenheim lowered their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Floor & Decor currently has an average rating of “Hold” and a consensus price target of $103.84.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the completion of the sale, the chief executive officer now directly owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by company insiders.

Floor & Decor Stock Up 1.6 %

Shares of NYSE FND opened at $112.44 on Monday. The business has a 50-day moving average price of $99.75 and a 200 day moving average price of $111.46. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The stock has a market cap of $12.05 billion, a PE ratio of 54.32, a price-to-earnings-growth ratio of 2.31 and a beta of 1.74. Floor & Decor Holdings, Inc. has a 52-week low of $76.30 and a 52-week high of $135.67.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The firm’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 EPS. Equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.67 earnings per share for the current 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.