Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 187,749 shares of the company’s stock after selling 14,698 shares during the period. New York State Common Retirement Fund owned 0.18% of Floor & Decor worth $20,945,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mendota Financial Group LLC acquired a new stake in shares of Floor & Decor during the fourth quarter worth $33,000. DekaBank Deutsche Girozentrale bought a new position in shares of Floor & Decor during the third quarter worth about $30,000. Y.D. More Investments Ltd bought a new position in shares of Floor & Decor during the third quarter worth about $45,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Floor & Decor by 24.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock worth $64,000 after acquiring an additional 113 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in shares of Floor & Decor during the third quarter worth about $60,000.

Insider Activity at Floor & Decor

In related news, CAO David Victor Christopherson sold 6,850 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total transaction of $813,095.00. Following the transaction, the chief accounting officer now owns 25,271 shares of the company’s stock, valued at $2,999,667.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Floor & Decor news, CAO David Victor Christopherson sold 6,850 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total transaction of $813,095.00. Following the transaction, the chief accounting officer now owns 25,271 shares in the company, valued at $2,999,667.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas V. Taylor sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $123.11, for a total value of $2,462,200.00. Following the transaction, the chief executive officer now owns 174,315 shares in the company, valued at approximately $21,459,919.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,867 shares of company stock valued at $11,016,089. 2.10% of the stock is currently owned by corporate insiders.

Floor & Decor Price Performance

NYSE FND opened at $110.93 on Friday. The company has a 50 day simple moving average of $118.98 and a 200-day simple moving average of $105.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18. The firm has a market capitalization of $11.84 billion, a price-to-earnings ratio of 48.87, a price-to-earnings-growth ratio of 5.20 and a beta of 1.85. Floor & Decor Holdings, Inc. has a 52-week low of $76.30 and a 52-week high of $135.67.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Guggenheim increased their target price on shares of Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Evercore ISI reduced their price objective on shares of Floor & Decor from $125.00 to $120.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Telsey Advisory Group raised their price objective on shares of Floor & Decor from $95.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, February 23rd. The Goldman Sachs Group raised their price objective on shares of Floor & Decor from $71.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Finally, Truist Financial raised their price objective on shares of Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and an average target price 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.