Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Strs Ohio

Strs Ohio cut its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 84.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,549 shares of the company's stock after selling 39,678 shares during the quarter. Strs Ohio's holdings in Floor & Decor were worth $842,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Louisiana State Employees Retirement System purchased a new position in shares of Floor & Decor in the fourth quarter valued at $3,336,000. WCM Investment Management LLC lifted its position in Floor & Decor by 1.0% in the fourth quarter. WCM Investment Management LLC now owns 4,521,719 shares of the company's stock worth $514,979,000 after buying an additional 46,964 shares during the last quarter. Simplicity Solutions LLC purchased a new position in Floor & Decor during the fourth quarter worth $238,000. Mutual of America Capital Management LLC purchased a new position in Floor & Decor during the fourth quarter worth $7,344,000. Finally, Yorktown Management & Research Co Inc purchased a new position in Floor & Decor during the fourth quarter worth $335,000.

Insiders Place Their Bets

In other Floor & Decor news, CAO David Victor Christopherson sold 6,850 shares of the business's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total value of $813,095.00. Following the completion of the transaction, the chief accounting officer now directly owns 25,271 shares in the company, valued at $2,999,667.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Steven Alan Denny sold 5,152 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $123.52, for a total transaction of $636,375.04. Following the transaction, the executive vice president now owns 13,271 shares in the company, valued at $1,639,233.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO David Victor Christopherson sold 6,850 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $2,999,667.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,867 shares of company stock worth $11,016,089. 2.10% of the stock is owned by corporate insiders.

Floor & Decor Stock Down 1.5 %

NYSE:FND traded down $1.61 during mid-day trading on Thursday, reaching $108.05. The company's stock had a trading volume of 1,158,828 shares, compared to its average volume of 1,389,655. Floor & Decor Holdings, Inc. has a 1 year low of $76.30 and a 1 year high of $135.67. The stock has a fifty day moving average of $119.02 and a 200-day moving average of $105.04. The firm has a market capitalization of $11.54 billion, a PE ratio of 46.91, a price-to-earnings-growth ratio of 5.30 and a beta of 1.85. The company has a quick ratio of 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10.

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

Wall Street Analysts Forecast Growth

FND has been the subject of several recent analyst reports. Sanford C. Bernstein lowered shares of Floor & Decor from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from $100.00 to $115.00 in a research note on Tuesday, January 16th. Piper Sandler lifted their price objective on shares of Floor & Decor from $105.00 to $115.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 9th. Barclays lifted their price objective on shares of Floor & Decor from $66.00 to $75.00 and gave the stock an "underweight" rating in a research note on Thursday, January 4th. The Goldman Sachs Group lifted their price objective on shares of Floor & Decor from $71.00 to $79.00 and gave the stock a "neutral" rating in a research note on Monday, February 26th. Finally, Truist Financial lifted 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. Two investment 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. Based on data from MarketBeat.com, the stock presently 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.