Floor & Decor Holdings Inc (NYSE:FND) CEO Thomas V. Taylor sold 155,392 shares of Floor & Decor stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $45.71, for a total value of $7,102,968.32. Following the completion of the sale, the chief executive officer now directly owns 24,726 shares of the company’s stock, valued at approximately $1,130,225.46. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Floor & Decor Holdings Inc (NYSE:FND) opened at $48.14 on Friday. Floor & Decor Holdings Inc has a twelve month low of $29.37 and a twelve month high of $49.86. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.33 and a quick ratio of 0.18. The stock has a market capitalization of $4,580.00 and a PE ratio of 65.95.
Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, November 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Floor & Decor had a return on equity of 26.39% and a net margin of 5.62%. The firm had revenue of $343.90 million for the quarter, compared to analysts’ expectations of $338.62 million. During the same period in the previous year, the firm posted $0.12 earnings per share. The business’s revenue was up 26.8% compared to the same quarter last year. research analysts anticipate that Floor & Decor Holdings Inc will post 0.67 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ares Management LLC bought a new stake in Floor & Decor during the second quarter worth approximately $2,049,069,000. FS Capital Partners VI LLC bought a new stake in Floor & Decor during the second quarter worth approximately $993,798,000. Gilder Gagnon Howe & Co. LLC boosted its position in shares of Floor & Decor by 30.8% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,644,866 shares of the company’s stock valued at $102,965,000 after buying an additional 622,703 shares during the period. TimesSquare Capital Management LLC boosted its position in shares of Floor & Decor by 1,007.3% during the third quarter. TimesSquare Capital Management LLC now owns 1,660,900 shares of the company’s stock valued at $64,659,000 after buying an additional 1,510,900 shares during the period. Finally, Vanguard Group Inc. purchased a new position in shares of Floor & Decor during the second quarter valued at approximately $32,590,000. 93.49% of the stock is currently owned by institutional investors.
A number of analysts have commented on the company. Piper Jaffray Companies restated a “hold” rating and issued a $50.00 price target on shares of Floor & Decor in a research note on Tuesday, January 9th. BMO Capital Markets lifted their target price on Floor & Decor to $54.00 and gave the company a “market perform” rating in a research report on Tuesday, January 9th. Telsey Advisory Group reiterated an “outperform” rating and set a $54.00 target price (up from $47.00) on shares of Floor & Decor in a research report on Monday, January 8th. Wells Fargo & Co set a $45.00 target price on Floor & Decor and gave the company a “hold” rating in a research report on Monday, January 8th. Finally, Stifel Nicolaus assumed coverage on Floor & Decor in a research report on Wednesday, December 13th. They set a “buy” rating and a $51.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $45.13.
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About Floor & Decor
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
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