Sheets Smith Wealth Management bought a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) during the 4th quarter, Holdings Channel reports. The firm bought 3,908 shares of the company’s stock, valued at approximately $363,000.

Other institutional investors have also recently bought and sold shares of the company. HM Payson & Co. acquired a new position in shares of Floor & Decor in the third quarter valued at approximately $38,000. Cerebellum GP LLC acquired a new position in shares of Floor & Decor in the third quarter valued at approximately $66,000. Private Advisor Group LLC acquired a new position in shares of Floor & Decor in the second quarter valued at approximately $56,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Floor & Decor in the third quarter valued at approximately $74,000. Finally, Flagship Harbor Advisors LLC grew its position in shares of Floor & Decor by 1,186.0% in the third quarter. Flagship Harbor Advisors LLC now owns 1,286 shares of the company’s stock valued at $96,000 after purchasing an additional 1,186 shares during the last quarter. 95.41% of the stock is currently owned by institutional investors.

In other news, EVP David Victor Christopherson sold 7,043 shares of the stock in a transaction on Wednesday, December 9th. The stock was sold at an average price of $89.90, for a total value of $633,165.70. Following the completion of the transaction, the executive vice president now directly owns 47,209 shares in the company, valued at approximately $4,244,089.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Steven Alan Denny sold 5,500 shares of the stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $76.38, for a total value of $420,090.00. Following the completion of the transaction, the executive vice president now owns 913 shares of the company’s stock, valued at $69,734.94. The disclosure for this sale can be found here. Insiders sold a total of 187,543 shares of company stock valued at $15,530,794 over the last quarter. 5.20% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on FND shares. Exane BNP Paribas started coverage on Floor & Decor in a research report on Monday, October 5th. They issued an “outperform” rating and a $89.00 target price on the stock. Robert W. Baird upped their target price on Floor & Decor from $78.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, October 13th. Wolfe Research started coverage on Floor & Decor in a research report on Wednesday, September 30th. They set an “outperform” rating and a $84.00 price target on the stock. Bank of America increased their price target on Floor & Decor from $83.00 to $93.00 and gave the stock a “buy” rating in a research report on Friday, October 16th. Finally, Raymond James increased their price target on Floor & Decor from $75.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 2nd. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $80.81.

Shares of FND stock opened at $104.02 on Thursday. The stock’s fifty day moving average price is $92.66 and its two-hundred day moving average price is $76.81. The company has a market cap of $10.82 billion, a PE ratio of 63.43, a P/E/G ratio of 2.58 and a beta of 1.88. Floor & Decor Holdings, Inc. has a fifty-two week low of $24.36 and a fifty-two week high of $105.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 1.57.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, October 29th. The company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.16. Floor & Decor had a return on equity of 16.23% and a net margin of 7.77%. The firm had revenue of $684.85 million for the quarter, compared to the consensus estimate of $639.31 million. During the same quarter last year, the business posted $0.27 EPS. The company’s revenue was up 31.4% compared to the same quarter last year. On average, equities analysts predict that Floor & Decor Holdings, Inc. will post 1.47 EPS for the current fiscal year.

About Floor & Decor

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

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

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