Hollow Brook Wealth Management LLC Lowers Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Hollow Brook Wealth Management LLC lowered its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 64.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,362 shares of the company's stock after selling 36,840 shares during the quarter. Hollow Brook Wealth Management LLC's holdings in Floor & Decor were worth $2,272,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. New York State Teachers Retirement System purchased a new position in shares of Floor & Decor during the fourth quarter worth about $4,161,000. Pacer Advisors Inc. acquired a new stake in Floor & Decor in the fourth quarter valued at about $1,767,000. Kestra Advisory Services LLC lifted its position in Floor & Decor by 7.1% in the third quarter. Kestra Advisory Services LLC now owns 5,292 shares of the company's stock valued at $479,000 after purchasing an additional 349 shares during the period. Yousif Capital Management LLC acquired a new stake in Floor & Decor in the fourth quarter valued at about $5,614,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Floor & Decor during the 4th quarter valued at approximately $1,284,000.

Analysts Set New Price Targets

FND has been the subject of a number of research reports. Stifel Nicolaus reduced their price target on shares of Floor & Decor from $115.00 to $110.00 and set a "hold" rating for the company in a research report on Monday, February 26th. Truist Financial raised 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. Mizuho began coverage on shares of Floor & Decor in a research note on Tuesday, March 19th. They set a "neutral" rating and a $115.00 price objective for the company. UBS Group cut shares of Floor & Decor from a "buy" rating to a "neutral" rating and set a $135.00 price objective for the company. in a research note on Tuesday, March 5th. Finally, Sanford C. Bernstein cut shares of Floor & Decor from an "outperform" rating to a "market perform" rating and lifted their target price for the stock from $100.00 to $115.00 in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $110.19.

Floor & Decor Trading Down 0.9 %

Shares of NYSE FND traded down $0.98 during trading on Tuesday, hitting $110.28. 982,868 shares of the company traded hands, compared to its average volume of 1,378,271. The company has a quick ratio of 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $11.77 billion, a P/E ratio of 48.28, a P/E/G ratio of 5.34 and a beta of 1.85. The company has a 50-day moving average price of $118.98 and a 200-day moving average price of $105.66. 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 posted its earnings results 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 business 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 business's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 EPS. On average, equities analysts predict that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current year.

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 on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $636,375.04. Following the sale, the executive vice president now owns 13,271 shares in the company, valued at approximately $1,639,233.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 completion of the sale, 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. Insiders have sold 90,867 shares of company stock worth $11,016,089 in the last quarter. 2.10% of the stock is owned by corporate insiders.

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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