Floor & Decor Holdings, Inc. (NYSE:FND) Director Peter Starrett Sells 5,000 Shares

Floor & Decor Holdings, Inc. (NYSE:FND) Director Peter Starrett sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total value of $591,200.00. Following the sale, the director now directly owns 128,189 shares in the company, valued at approximately $15,157,067.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Floor & Decor Stock Up 4.0 %

Shares of NYSE FND opened at $120.01 on Friday. The business has a fifty day moving average of $118.67 and a two-hundred day moving average of $107.04. Floor & Decor Holdings, Inc. has a 52-week low of $76.30 and a 52-week high of $135.67. The stock has a market cap of $12.81 billion, a PE ratio of 57.98, a PEG ratio of 5.51 and a beta of 1.86. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. As a group, equities research analysts expect that Floor & Decor Holdings, Inc. will post 1.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its holdings in shares of Floor & Decor by 9.5% during the third quarter. Commonwealth Equity Services LLC now owns 4,559 shares of the company’s stock worth $413,000 after acquiring an additional 394 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Floor & Decor by 2.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 5,410 shares of the company’s stock valued at $490,000 after purchasing an additional 136 shares during the period. Raymond James & Associates grew its holdings in Floor & Decor by 0.5% in the 3rd quarter. Raymond James & Associates now owns 86,168 shares of the company’s stock valued at $7,798,000 after buying an additional 435 shares in the last quarter. Verdence Capital Advisors LLC increased its position in Floor & Decor by 6.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,988 shares of the company’s stock worth $361,000 after buying an additional 234 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Floor & Decor by 10.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,805 shares of the company’s stock worth $1,792,000 after buying an additional 1,838 shares during the period.

Analyst Ratings Changes

Several research analysts recently weighed in on FND shares. TD Cowen decreased their target price on Floor & Decor from $125.00 to $115.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Wedbush reiterated an “outperform” rating and issued a $125.00 target price on shares of Floor & Decor in a report on Friday, May 3rd. Stifel Nicolaus cut their target price on shares of Floor & Decor from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, February 26th. The Goldman Sachs Group lifted their price target on shares of Floor & Decor from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Finally, Guggenheim increased their price objective on Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $108.76.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.