Floor & Decor Holdings Inc (FND) Director George Vincent West Sells 210,000 Shares of Stock

Floor & Decor Holdings Inc (NYSE:FND) Director George Vincent West sold 210,000 shares of the firm’s stock in a transaction dated Friday, April 6th. The stock was sold at an average price of $55.89, for a total value of $11,736,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NYSE:FND opened at $55.86 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.40 and a quick ratio of 0.21. Floor & Decor Holdings Inc has a 12-month low of $29.37 and a 12-month high of $58.28. The stock has a market cap of $5,491.77 and a P/E ratio of 80.96.

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Floor & Decor (NYSE:FND) last released its earnings results on Thursday, March 1st. The company reported $0.19 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $389.50 million during the quarter, compared to analysts’ expectations of $388.63 million. The business’s quarterly revenue was up 40.0% compared to the same quarter last year. research analysts anticipate that Floor & Decor Holdings Inc will post 0.99 EPS for the current year.

Several research analysts have recently commented on the company. BMO Capital Markets raised their price objective on Floor & Decor to $54.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 9th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $54.00 price objective (up previously from $47.00) on shares of Floor & Decor in a research note on Monday, January 8th. Wells Fargo set a $45.00 price objective on Floor & Decor and gave the stock a “hold” rating in a research note on Monday, January 8th. Zacks Investment Research downgraded Floor & Decor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, Piper Jaffray reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Floor & Decor in a research note on Tuesday, January 9th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Floor & Decor currently has a consensus rating of “Hold” and a consensus target price of $45.59.

Several large investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. grew its position in shares of Floor & Decor by 3.0% during the fourth quarter. Alliancebernstein L.P. now owns 2,475,633 shares of the company’s stock worth $120,514,000 after purchasing an additional 71,772 shares in the last quarter. TimesSquare Capital Management LLC grew its position in shares of Floor & Decor by 8.4% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,800,900 shares of the company’s stock worth $87,668,000 after purchasing an additional 140,000 shares in the last quarter. BlackRock Inc. grew its position in shares of Floor & Decor by 32.7% during the fourth quarter. BlackRock Inc. now owns 1,667,078 shares of the company’s stock worth $81,155,000 after purchasing an additional 411,173 shares in the last quarter. Bamco Inc. NY grew its position in shares of Floor & Decor by 14.2% during the fourth quarter. Bamco Inc. NY now owns 804,022 shares of the company’s stock worth $39,140,000 after purchasing an additional 100,000 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in shares of Floor & Decor by 1,581.0% during the fourth quarter. TIAA CREF Investment Management LLC now owns 790,583 shares of the company’s stock worth $38,486,000 after purchasing an additional 743,553 shares in the last quarter. Hedge funds and other institutional investors 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).

Insider Buying and Selling by Quarter for Floor & Decor (NYSE:FND)

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