Vaughan Nelson Investment Management L.P. Takes $42.11 Million Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Vaughan Nelson Investment Management L.P. bought a new stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 377,501 shares of the company's stock, valued at approximately $42,114,000. Vaughan Nelson Investment Management L.P. owned 0.35% of Floor & Decor at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FND. New York State Teachers Retirement System acquired a new stake in shares of Floor & Decor in the 4th quarter worth about $4,161,000. Hardy Reed LLC purchased a new stake in shares of Floor & Decor in the fourth quarter worth approximately $212,000. International Assets Investment Management LLC purchased a new stake in shares of Floor & Decor in the fourth quarter worth approximately $2,203,000. Compass Ion Advisors LLC purchased a new stake in shares of Floor & Decor in the fourth quarter worth approximately $205,000. Finally, Trust Point Inc. purchased a new stake in shares of Floor & Decor in the fourth quarter worth approximately $970,000.

Floor & Decor Price Performance

NYSE FND traded down $0.21 on Friday, hitting $119.19. 1,068,924 shares of the company were exchanged, compared to its average volume of 1,161,051. The firm has a 50 day moving average of $117.26 and a two-hundred day moving average of $102.96. The company has a market cap of $12.73 billion, a P/E ratio of 52.51, a P/E/G ratio of 5.75 and a beta of 1.85. The company has a current ratio of 1.14, a quick ratio of 0.18 and a debt-to-equity ratio of 0.10. Floor & Decor Holdings, Inc. has a 1-year low of $76.30 and a 1-year high of $135.67.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.07. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company posted $0.64 EPS. The company's revenue was up .0% compared to the same quarter last year. On average, equities analysts predict that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current year.

Insider Activity at Floor & Decor

In other news, CFO Bryan Langley sold 5,865 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total transaction of $702,978.90. Following the completion of the transaction, the chief financial officer now directly owns 17,422 shares of the company's stock, valued at approximately $2,088,200.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Floor & Decor news, CFO Bryan Langley sold 5,865 shares of the firm's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total transaction of $702,978.90. Following the completion of the sale, the chief financial officer now owns 17,422 shares of the company's stock, valued at approximately $2,088,200.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Norman Axelrod sold 40,000 shares of Floor & Decor stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $119.97, for a total value of $4,798,800.00. Following the sale, the director now directly owns 226,080 shares of the company's stock, valued at approximately $27,122,817.60. The disclosure for this sale can be found here. Insiders have sold 90,867 shares of company stock worth $11,016,089 in the last ninety days. Company insiders own 2.10% of the company's stock.

Analyst Ratings Changes

FND has been the topic of several recent research reports. Evercore ISI raised their price objective on shares of Floor & Decor from $120.00 to $130.00 and gave the company an "in-line" rating in a research report on Tuesday, March 26th. Mizuho started coverage on shares of Floor & Decor in a research report on Tuesday, March 19th. They issued a "neutral" rating and a $115.00 price target on the stock. Telsey Advisory Group raised their price objective on shares of Floor & Decor from $95.00 to $110.00 and gave the stock a "market perform" rating in a research note on Friday, February 23rd. Wedbush raised their price objective on shares of Floor & Decor from $115.00 to $125.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. Finally, Piper Sandler raised their price objective on shares of Floor & Decor from $98.00 to $105.00 and gave the stock a "neutral" rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Floor & Decor presently has a consensus rating of "Hold" and a consensus target price of $109.45.

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.