Insider Selling: Floor & Decor Holdings, Inc. (FND) Major Shareholder Sells 4,853,847 Shares of Stock
Floor & Decor Holdings, Inc. (NYSE:FND) major shareholder Corporate Opportunities F. Ares sold 4,853,847 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $34.92, for a total value of $169,496,337.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Floor & Decor Holdings, Inc. (FND) traded down $1.11 during trading hours on Wednesday, reaching $38.30. The company had a trading volume of 377,276 shares, compared to its average volume of 549,283. The company has a quick ratio of 0.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.47. 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 released its quarterly earnings results on Thursday, November 2nd. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Floor & Decor Holdings had a return on equity of 26.39% and a net margin of 5.62%. The business had revenue of $343.90 million during the quarter, compared to analysts’ expectations of $338.62 million. During the same period last year, the firm posted $0.12 EPS. The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. equities research analysts forecast that Floor & Decor Holdings, Inc. will post 0.66 earnings per share for the current year.
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A number of research firms have recently issued reports on FND. Loop Capital began coverage on Floor & Decor Holdings in a research report on Friday, August 18th. They issued a “hold” rating and a $35.00 price objective for the company. BMO Capital Markets began coverage on Floor & Decor Holdings in a research report on Thursday, September 14th. They issued a “market perform” rating and a $41.00 price objective for the company. Zacks Investment Research raised Floor & Decor Holdings from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Tuesday, September 12th. Telsey Advisory Group lifted their price target on Floor & Decor Holdings from $38.00 to $39.00 and gave the stock a “market perform” rating in a report on Friday, July 28th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $42.00 price target on shares of Floor & Decor Holdings in a report on Thursday, October 12th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Floor & Decor Holdings currently has an average rating of “Buy” and a consensus price target of $42.93.
About Floor & Decor Holdings
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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