Retirement Systems of Alabama Makes New Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

Retirement Systems of Alabama acquired a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 133,474 shares of the company's stock, valued at approximately $14,890,000. Retirement Systems of Alabama owned approximately 0.13% of Floor & Decor at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FND. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Floor & Decor by 24.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company's stock valued at $64,000 after buying an additional 113 shares during the last quarter. Lindbrook Capital LLC grew its position in Floor & Decor by 16.4% during the 4th quarter. Lindbrook Capital LLC now owns 885 shares of the company's stock worth $99,000 after acquiring an additional 125 shares during the last quarter. Roundview Capital LLC grew its position in Floor & Decor by 0.7% during the 3rd quarter. Roundview Capital LLC now owns 18,735 shares of the company's stock worth $1,696,000 after acquiring an additional 129 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Floor & Decor by 2.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 5,410 shares of the company's stock worth $490,000 after purchasing an additional 136 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in Floor & Decor by 9.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,805 shares of the company's stock valued at $201,000 after purchasing an additional 163 shares during the last quarter.

Insider Buying and Selling at Floor & Decor

In related news, CAO David Victor Christopherson sold 6,850 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total transaction of $813,095.00. Following the sale, the chief accounting officer now directly owns 25,271 shares of the company's stock, valued at $2,999,667.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Floor & Decor news, CFO Bryan Langley sold 5,865 shares of the business's stock in a transaction 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 sale, the chief financial officer now directly owns 17,422 shares in the company, valued at approximately $2,088,200.92. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO David Victor Christopherson sold 6,850 shares of the firm's stock in a transaction on Tuesday, February 27th. The stock was 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 owns 25,271 shares in the company, valued at $2,999,667.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,867 shares of company stock worth $11,016,089. Insiders own 2.10% of the company's stock.

Floor & Decor Stock Up 3.2 %

Shares of FND traded up $3.51 during trading hours on Thursday, hitting $112.80. The company had a trading volume of 2,182,495 shares, compared to its average volume of 1,389,922. The stock has a market capitalization of $12.04 billion, a price-to-earnings ratio of 48.14, a P/E/G ratio of 5.31 and a beta of 1.86. The firm has a fifty day moving average price of $119.00 and a 200-day moving average price of $105.88. Floor & Decor Holdings, Inc. has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14.

Floor & Decor (NYSE:FND - Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.07. The firm had revenue of $1.05 billion for 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 business's revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. On average, equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on FND shares. Truist Financial increased their price target on shares of Floor & Decor from $102.00 to $127.00 and gave the company a "buy" rating in a research report on Tuesday, February 20th. Barclays increased their price objective on Floor & Decor from $66.00 to $75.00 and gave the stock an "underweight" rating in a report on Thursday, January 4th. TD Cowen started coverage on Floor & Decor in a research note on Wednesday, April 10th. They set a "hold" rating and a $125.00 target price on the stock. Sanford C. Bernstein downgraded shares of Floor & Decor from an "outperform" rating to a "market perform" rating and boosted their price objective for the company from $100.00 to $115.00 in a research report on Tuesday, January 16th. Finally, Wedbush raised their target price on shares of Floor & Decor from $115.00 to $125.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Floor & Decor has an average rating of "Hold" and a consensus price target of $110.19.

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.