Floor & Decor Holdings, Inc. (NYSE:FND) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 497,361 shares of the company’s stock after purchasing an additional 12,761 shares during the period. Federated Hermes Inc. owned approximately 0.47% of Floor & Decor worth $55,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mendota Financial Group LLC acquired a new stake in shares of Floor & Decor during the 4th quarter worth approximately $33,000. DekaBank Deutsche Girozentrale purchased a new position in Floor & Decor in the third quarter valued at $30,000. Y.D. More Investments Ltd purchased a new position in Floor & Decor in the third quarter valued at $45,000. Stephens Inc. AR raised its position in shares of Floor & Decor by 72.5% in the first quarter. Stephens Inc. AR now owns 545 shares of the company’s stock worth $54,000 after acquiring an additional 229 shares during the period. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Floor & Decor during the 2nd quarter worth about $58,000.

Floor & Decor Trading Down 1.4 %

Shares of FND stock opened at $108.10 on Friday. The company has a 50 day moving average price of $119.00 and a 200 day moving average price of $104.43. The stock has a market capitalization of $11.54 billion, a P/E ratio of 47.62, a price-to-earnings-growth ratio of 5.28 and a beta of 1.85. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14. Floor & Decor Holdings, Inc. has a fifty-two week low of $76.30 and a fifty-two week high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.07. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Thomas V. Taylor sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.11, for a total transaction of $2,462,200.00. Following the completion of the transaction, the chief executive officer now directly owns 174,315 shares of the company’s stock, valued at approximately $21,459,919.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Norman Axelrod sold 40,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $119.97, for a total value of $4,798,800.00. Following the completion of the sale, the director now owns 226,080 shares in the company, valued at approximately $27,122,817.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas V. Taylor sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $123.11, for a total transaction of $2,462,200.00. Following the transaction, the chief executive officer now directly owns 174,315 shares in the company, valued at $21,459,919.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,867 shares of company stock worth $11,016,089. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FND. Sanford C. Bernstein lowered Floor & Decor from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $100.00 to $115.00 in a research note on Tuesday, January 16th. Stifel Nicolaus decreased their target price on Floor & Decor from $115.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 26th. Telsey Advisory Group boosted their price target on shares of Floor & Decor from $95.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, February 23rd. Wells Fargo & Company cut shares of Floor & Decor from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $85.00 to $105.00 in a research report on Thursday, January 4th. Finally, Evercore ISI dropped their target price on shares of Floor & Decor from $125.00 to $120.00 and set an “in-line” rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Floor & Decor has an average rating of “Hold” and a consensus price target of $110.19.

Floor & Decor 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.