Insider Selling: Floor & Decor Holdings, Inc. (NYSE:FND) Director Sells $591,200.00 in Stock

Floor & Decor Holdings, Inc. (NYSE:FNDGet Free Report) Director Peter Starrett sold 5,000 shares of the company’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 transaction of $591,200.00. Following the completion of the transaction, the director now owns 128,189 shares in the company, valued at $15,157,067.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Floor & Decor Price Performance

Floor & Decor stock opened at $121.49 on Friday. 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 Holdings, Inc. has a one year low of $76.30 and a one year high of $135.67. The company has a market cap of $12.97 billion, a P/E ratio of 58.69, a price-to-earnings-growth ratio of 7.10 and a beta of 1.86. The business has a fifty day moving average of $118.67 and a two-hundred day moving average of $107.50.

Floor & Decor (NYSE:FNDGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. As a group, analysts predict that Floor & Decor Holdings, Inc. will post 1.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $125.00 target price on shares of Floor & Decor in a report on Friday, May 3rd. UBS Group lowered their target price on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Bank of America increased their price target on Floor & Decor from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Stifel Nicolaus lowered their price objective on Floor & Decor from $115.00 to $110.00 and set a “hold” rating for the company in a research report on Monday, February 26th. Finally, Truist Financial raised their target price on shares of Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Floor & Decor currently has an average rating of “Hold” and an average price target of $108.76.

View Our Latest Research Report on Floor & Decor

About Floor & Decor

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Floor & Decor (NYSE:FND)

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