Amalgamated Bank Grows Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Amalgamated Bank grew its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 204.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,985 shares of the company's stock after acquiring an additional 51,696 shares during the quarter. Amalgamated Bank owned 0.07% of Floor & Decor worth $8,588,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Mendota Financial Group LLC bought a new stake in shares of Floor & Decor in the fourth quarter worth about $33,000. DekaBank Deutsche Girozentrale bought a new position in Floor & Decor in the third quarter valued at approximately $30,000. GAMMA Investing LLC acquired a new position in shares of Floor & Decor in the fourth quarter valued at approximately $53,000. Y.D. More Investments Ltd acquired a new position in shares of Floor & Decor in the third quarter valued at approximately $45,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position 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 worth $64,000 after acquiring an additional 113 shares in the last quarter.

Floor & Decor Stock Performance

Floor & Decor stock traded up $0.28 during midday trading on Friday, hitting $113.04. The company's stock had a trading volume of 2,307,069 shares, compared to its average volume of 1,240,906. The company has a 50-day moving average price of $118.90 and a two-hundred day moving average price of $106.41. Floor & Decor Holdings, Inc. has a 1-year low of $76.30 and a 1-year high of $135.67. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 54.61, a PEG ratio of 5.48 and a beta of 1.86. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.02. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.97%. The firm's quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 earnings per share. As a group, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 1.9 earnings per share for the current year.

Insider Activity

In related news, CEO Thomas V. Taylor sold 20,000 shares of the firm's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $123.11, for a total value of $2,462,200.00. Following the transaction, the chief executive officer now owns 174,315 shares in the company, valued at $21,459,919.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Thomas V. Taylor sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $123.11, for a total transaction of $2,462,200.00. Following the completion of the sale, the chief executive officer now owns 174,315 shares of the company's stock, valued at approximately $21,459,919.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Norman Axelrod sold 40,000 shares of Floor & Decor stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $119.97, for a total transaction of $4,798,800.00. Following the completion of the transaction, the director now directly owns 226,080 shares in the company, valued at $27,122,817.60. The disclosure for this sale can be found here. In the last three months, insiders sold 90,867 shares of company stock worth $11,016,089. 2.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FND has been the subject of a number of research analyst reports. TD Cowen reduced their target price on shares of Floor & Decor from $125.00 to $115.00 and set a "hold" rating for the company in a research note on Friday. Bank of America upped their price objective on Floor & Decor from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, March 14th. Wedbush reaffirmed an "outperform" rating and set a $125.00 price target on shares of Floor & Decor in a research report on Friday. Evercore ISI lowered their price objective on shares of Floor & Decor from $120.00 to $115.00 and set an "in-line" rating on the stock in a report on Friday. Finally, Telsey Advisory Group restated a "market perform" rating and set a $110.00 target price on shares of Floor & Decor in a report on Monday, April 29th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Floor & Decor currently has a consensus rating of "Hold" and an average price target of $108.76.

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.