Floor & Decor Holdings, Inc. (NYSE:FND) shares were up 6.3% during mid-day trading on Tuesday . The stock traded as high as $44.56 and last traded at $43.99. Approximately 1,468,700 shares were traded during mid-day trading, an increase of 161% from the average daily volume of 563,192 shares. The stock had previously closed at $41.39.

FND has been the subject of a number of analyst reports. Zacks Investment Research upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Tuesday, September 12th. Telsey Advisory Group upgraded Floor & Decor from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $39.00 to $47.00 in a report on Friday, November 3rd. BMO Capital Markets upped their target price on Floor & Decor from $41.00 to $45.00 and gave the stock a “market perform” rating in a report on Monday, November 6th. Bank of America restated a “buy” rating and set a $42.00 target price on shares of Floor & Decor in a report on Tuesday, September 5th. Finally, Credit Suisse Group upped their target price on Floor & Decor from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $42.93.

The company has a current ratio of 1.33, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. Floor & Decor had a return on equity of 26.39% and a net margin of 5.62%. The firm had revenue of $343.90 million during the quarter, compared to analyst estimates of $338.62 million. During the same quarter in the prior year, the business posted $0.12 EPS. The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. analysts forecast that Floor & Decor Holdings, Inc. will post 0.66 earnings per share for the current fiscal year.

In related news, Director George Vincent West sold 50,000 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $37.90, for a total value of $1,895,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian K. Robbins sold 9,600 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $41.20, for a total value of $395,520.00. Following the completion of the transaction, the executive vice president now owns 13,160 shares of the company’s stock, valued at approximately $542,192. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,277,666 shares of company stock valued at $185,289,781.

A number of hedge funds have recently modified their holdings of the stock. Brighton Jones LLC raised its stake in Floor & Decor by 17.1% in the 3rd quarter. Brighton Jones LLC now owns 11,834 shares of the company’s stock worth $461,000 after acquiring an additional 1,731 shares during the last quarter. FNY Partners Fund LP acquired a new stake in Floor & Decor during the 3rd quarter worth about $116,000. Toronto Dominion Bank acquired a new stake in Floor & Decor during the 2nd quarter worth about $157,000. Public Employees Retirement System of Ohio acquired a new stake in Floor & Decor during the 2nd quarter worth about $179,000. Finally, Principal Financial Group Inc. acquired a new stake in Floor & Decor during the 3rd quarter worth about $208,000. Institutional investors own 93.51% 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).

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