Floor & Decor (NYSE:FND) Sets New 12-Month High at $132.07

Floor & Decor Holdings, Inc. (NYSE:FND)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $132.07 and last traded at $130.44, with a volume of 660749 shares traded. The stock had previously closed at $125.97.

FND has been the topic of several research reports. Morgan Stanley boosted their target price on Floor & Decor from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, August 9th. The Goldman Sachs Group upped their price objective on Floor & Decor from $133.00 to $147.00 and gave the stock a “buy” rating in a research report on Friday, August 6th. Barclays increased their target price on Floor & Decor from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, August 6th. Jefferies Financial Group raised their price objective on Floor & Decor from $133.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, June 3rd. Finally, Zacks Investment Research cut Floor & Decor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 10th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $117.53.

The business has a fifty day moving average price of $121.76 and a 200-day moving average price of $109.24. The company has a current ratio of 1.35, a quick ratio of 0.56 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $13.76 billion, a PE ratio of 48.98, a PEG ratio of 1.89 and a beta of 1.90.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, August 5th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.11. Floor & Decor had a return on equity of 24.89% and a net margin of 9.33%. The firm had revenue of $860.11 million during the quarter, compared to analysts’ expectations of $850.09 million. On average, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2.48 earnings per share for the current fiscal year.

In other Floor & Decor news, Director Norman Axelrod sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 20th. The stock was sold at an average price of $125.55, for a total transaction of $5,022,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Vincent West sold 120,000 shares of the company’s stock in a transaction that occurred on Thursday, September 9th. The shares were sold at an average price of $124.09, for a total value of $14,890,800.00. The disclosure for this sale can be found here. In the last three months, insiders sold 387,590 shares of company stock valued at $47,305,015. 3.20% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in FND. Bank of America Corp DE grew its stake in shares of Floor & Decor by 18.0% in the 2nd quarter. Bank of America Corp DE now owns 833,271 shares of the company’s stock worth $88,078,000 after buying an additional 126,916 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in Floor & Decor by 3.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 169,928 shares of the company’s stock valued at $17,961,000 after purchasing an additional 5,546 shares during the last quarter. Comerica Bank boosted its stake in Floor & Decor by 4.8% during the 2nd quarter. Comerica Bank now owns 3,165 shares of the company’s stock valued at $361,000 after purchasing an additional 146 shares during the last quarter. Marshall Wace LLP boosted its stake in Floor & Decor by 30.6% during the 2nd quarter. Marshall Wace LLP now owns 160,060 shares of the company’s stock valued at $16,918,000 after purchasing an additional 37,534 shares during the last quarter. Finally, Accurate Wealth Management LLC purchased a new stake in Floor & Decor during the 2nd quarter valued at $856,000. 95.75% of the stock is owned by hedge funds and other institutional investors.

About Floor & Decor (NYSE:FND)

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.

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