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

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

Floor & Decor Stock Performance

Shares of NYSE FND traded up $4.66 during mid-day trading on Thursday, hitting $120.01. The company had a trading volume of 820,647 shares, compared to its average volume of 1,387,034. Floor & Decor Holdings, Inc. has a 12 month low of $76.30 and a 12 month high of $135.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. The firm has a market cap of $12.81 billion, a P/E ratio of 57.98, a PEG ratio of 5.51 and a beta of 1.86. The business's 50-day simple moving average is $118.69 and its 200-day simple moving average is $106.95.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share 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 company earned $0.66 earnings per share. The business's revenue was down 2.2% compared to the same quarter last year. As a group, analysts predict that Floor & Decor Holdings, Inc. will post 1.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group upped their price target on Floor & Decor from $71.00 to $79.00 and gave the company a "neutral" rating in a research report on Monday, February 26th. Telsey Advisory Group reissued a "market perform" rating and set a $110.00 target price on shares of Floor & Decor in a report on Monday, April 29th. Bank of America lifted their price target on shares of Floor & Decor from $125.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, March 14th. Truist Financial increased their price objective on shares of Floor & Decor from $102.00 to $127.00 and gave the stock a "buy" rating in a research note on Tuesday, February 20th. Finally, Mizuho cut their target price on shares of Floor & Decor from $115.00 to $110.00 and set a "neutral" rating on the stock in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $108.76.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. grew its position in Floor & Decor by 4.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company's stock valued at $285,000 after acquiring an additional 96 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Floor & Decor by 24.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company's stock worth $64,000 after purchasing an additional 113 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Floor & Decor by 0.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company's stock worth $2,609,000 after purchasing an additional 117 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Floor & Decor by 2.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company's stock valued at $574,000 after purchasing an additional 120 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Floor & Decor by 1.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company's stock valued at $1,195,000 after buying an additional 121 shares in the last quarter.

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.

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