Shares of Floor & Decor Holdings Inc (NYSE:FND) shot up 3% on Thursday . The stock traded as high as $56.70 and last traded at $58.00. 634,925 shares changed hands during trading, a decline of 13% from the average session volume of 732,230 shares. The stock had previously closed at $56.31.
A number of analysts have recently commented on FND shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of Floor & Decor in a research note on Monday, March 5th. Wells Fargo reaffirmed a “hold” rating and issued a $47.00 price target on shares of Floor & Decor in a research note on Thursday, March 1st. Gordon Haskett started coverage on Floor & Decor in a research note on Thursday, February 15th. They issued an “accumulate” rating and a $50.00 price target for the company. Stifel Nicolaus started coverage on Floor & Decor in a research note on Wednesday, December 13th. They issued a “buy” rating and a $51.00 price target for the company. Finally, Piper Jaffray reaffirmed a “hold” rating and issued a $50.00 price target on shares of Floor & Decor in a research note on Tuesday, January 9th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Floor & Decor presently has a consensus rating of “Hold” and a consensus target price of $45.59.
The company has a quick ratio of 0.21, a current ratio of 1.40 and a debt-to-equity ratio of 0.42. The stock has a market cap of $5,378.11 and a PE ratio of 80.96.
Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, March 1st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. Floor & Decor had a return on equity of 21.26% and a net margin of 7.42%. The business had revenue of $389.50 million during the quarter, compared to analyst estimates of $388.63 million. Floor & Decor’s quarterly revenue was up 40.0% compared to the same quarter last year. equities research analysts expect that Floor & Decor Holdings Inc will post 0.99 EPS for the current year.
In related news, EVP Brian K. Robbins sold 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $50.00, for a total value of $180,000.00. Following the completion of the transaction, the executive vice president now directly owns 7,160 shares in the company, valued at approximately $358,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas V. Taylor sold 170,000 shares of the business’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $55.73, for a total value of $9,474,100.00. The disclosure for this sale can be found here. Insiders sold a total of 717,306 shares of company stock valued at $38,041,870 over the last quarter.
Several institutional investors and hedge funds have recently modified their holdings of FND. Thompson Davis & CO. Inc. acquired a new position in shares of Floor & Decor in the 4th quarter valued at approximately $110,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Floor & Decor in the 4th quarter valued at approximately $156,000. Principal Financial Group Inc. acquired a new position in shares of Floor & Decor in the 3rd quarter valued at approximately $208,000. Amalgamated Bank acquired a new position in shares of Floor & Decor in the 4th quarter valued at approximately $214,000. Finally, State of Wisconsin Investment Board acquired a new position in shares of Floor & Decor in the 4th quarter valued at approximately $220,000. Institutional investors and hedge funds own 94.09% of the company’s stock.
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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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