Floor & Decor Holdings Inc (NYSE:FND) EVP David Victor Christopherson sold 8,817 shares of the firm’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $57.30, for a total transaction of $505,214.10. Following the completion of the sale, the executive vice president now directly owns 12,845 shares of the company’s stock, valued at approximately $736,018.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of FND stock opened at $55.86 on Friday. The company has a market cap of $5,491.77 and a P/E ratio of 80.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.21 and a current ratio of 1.40. Floor & Decor Holdings Inc has a 52-week low of $29.37 and a 52-week high of $58.28.
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. The company had revenue of $389.50 million for the quarter, compared to analyst estimates of $388.63 million. Floor & Decor had a net margin of 7.42% and a return on equity of 21.26%. The firm’s revenue was up 40.0% on a year-over-year basis. sell-side analysts anticipate that Floor & Decor Holdings Inc will post 0.99 earnings per share for the current fiscal year.
Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Floor & Decor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 6th. BMO Capital Markets decreased their price target on shares of Floor & Decor from $54.00 to $50.00 and set a “hold” rating for the company in a research note on Friday, March 2nd. Wedbush reaffirmed an “outperform” rating and set a $50.00 price target on shares of Floor & Decor in a research note on Thursday, March 1st. Wells Fargo set a $45.00 price target on shares of Floor & Decor and gave the company a “hold” rating in a research note on Monday, January 8th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $54.00 price target (up previously from $47.00) on shares of Floor & Decor in a research note on Monday, January 8th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Floor & Decor presently has a consensus rating of “Hold” and a consensus target price of $45.59.
A number of hedge funds have recently modified their holdings of FND. TIAA CREF Investment Management LLC increased its holdings in 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 valued at $38,486,000 after buying an additional 743,553 shares during the period. Bamco Inc. NY increased its holdings in Floor & Decor by 515.5% during the third quarter. Bamco Inc. NY now owns 704,022 shares of the company’s stock valued at $27,408,000 after buying an additional 589,635 shares during the period. Eagle Asset Management Inc. purchased a new position in Floor & Decor during the fourth quarter valued at approximately $25,743,000. Carillon Tower Advisers Inc. purchased a new position in Floor & Decor during the fourth quarter valued at approximately $23,782,000. Finally, BlackRock Inc. increased its holdings in Floor & Decor by 32.7% during the fourth quarter. BlackRock Inc. now owns 1,667,078 shares of the company’s stock valued at $81,155,000 after buying an additional 411,173 shares during the period. 94.09% of the stock is currently owned by institutional investors.
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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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