Brighton Jones LLC bought a new position in Floor & Decor Holdings, Inc. (NYSE:FND) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,103 shares of the company’s stock, valued at approximately $397,000.

Other institutional investors have also recently modified their holdings of the company. Spark Investment Management LLC purchased a new position in shares of Floor & Decor Holdings during the second quarter worth $2,100,000. Fisher Asset Management LLC bought a new stake in Floor & Decor Holdings during the second quarter worth approximately $788,000. Federated Investors Inc. PA bought a new stake in Floor & Decor Holdings during the second quarter worth approximately $20,502,000. Gilder Gagnon Howe & Co. LLC bought a new stake in Floor & Decor Holdings during the second quarter worth approximately $79,390,000. Finally, Neuberger Berman Group LLC bought a new stake in Floor & Decor Holdings during the second quarter worth approximately $287,000. 65.95% of the stock is currently owned by institutional investors.

Floor & Decor Holdings, Inc. (FND) opened at 35.60 on Tuesday. The stock’s 50 day moving average price is $36.18 and its 200 day moving average price is $37.00. The company has a market cap of $3.35 billion and a P/E ratio of 52.43. Floor & Decor Holdings, Inc. has a 1-year low of $29.37 and a 1-year high of $46.99.

Floor & Decor Holdings (NYSE:FND) last issued its earnings results on Thursday, July 27th. The company reported $0.20 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. The company had revenue of $344 million for the quarter, compared to analyst estimates of $343.73 million. The business’s quarterly revenue was up 29.4% on a year-over-year basis. On average, equities analysts anticipate that Floor & Decor Holdings, Inc. will post $0.60 earnings per share for the current fiscal year.

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A number of equities research analysts recently commented on the company. Telsey Advisory Group assumed coverage on Floor & Decor Holdings in a research report on Tuesday, July 11th. They issued a “market perform” rating and a $38.00 price target for the company. Wedbush raised Floor & Decor Holdings from a “neutral” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Monday, July 24th. They noted that the move was a valuation call. Loop Capital assumed coverage on Floor & Decor Holdings in a research report on Friday, August 18th. They issued a “hold” rating and a $35.00 price target for the company. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $28.00 price objective (up previously from $25.00) on shares of Floor & Decor Holdings in a research note on Sunday, May 28th. Finally, Zacks Investment Research downgraded Floor & Decor Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $40.85.

In other news, Director Norman Axelrod sold 57,804 shares of Floor & Decor Holdings stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $38.50, for a total transaction of $2,225,454.00. Following the sale, the director now owns 3,095 shares of the company’s stock, valued at approximately $119,157.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Trevor Lang sold 46,200 shares of Floor & Decor Holdings stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $38.50, for a total transaction of $1,778,700.00. Following the sale, the chief financial officer now directly owns 192,519 shares in the company, valued at approximately $7,411,981.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,118,047 shares of company stock worth $274,044,810.

Floor & Decor Holdings Company Profile

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).

Institutional Ownership by Quarter for Floor & Decor Holdings (NYSE:FND)

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