Floor & Decor Holdings, Inc. (NYSE:FND) Shares Purchased by Spire Wealth Management

Spire Wealth Management raised its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 18.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,335 shares of the company's stock after purchasing an additional 7,235 shares during the quarter. Spire Wealth Management's holdings in Floor & Decor were worth $5,082,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its holdings in shares of Floor & Decor by 9.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,559 shares of the company's stock valued at $413,000 after buying an additional 394 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Floor & Decor by 2.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 5,410 shares of the company's stock valued at $490,000 after buying an additional 136 shares during the period. Raymond James & Associates raised its holdings in shares of Floor & Decor by 0.5% in the 3rd quarter. Raymond James & Associates now owns 86,168 shares of the company's stock valued at $7,798,000 after buying an additional 435 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of Floor & Decor by 6.2% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,988 shares of the company's stock valued at $361,000 after buying an additional 234 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Floor & Decor by 10.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,805 shares of the company's stock worth $1,792,000 after purchasing an additional 1,838 shares during the period.

Floor & Decor Price Performance

NYSE FND traded up $3.93 during mid-day trading on Monday, hitting $116.97. The stock had a trading volume of 1,374,938 shares, compared to its average volume of 1,400,629. Floor & Decor Holdings, Inc. has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a market cap of $12.49 billion, a price-to-earnings ratio of 56.51, a P/E/G ratio of 5.51 and a beta of 1.86. The company has a 50 day simple moving average of $118.92 and a 200 day simple moving average of $106.64. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.02. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business posted $0.66 EPS. Floor & Decor's quarterly revenue was down 2.2% on a year-over-year basis. Equities analysts forecast that Floor & Decor Holdings, Inc. will post 1.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FND. UBS Group cut their price target on Floor & Decor from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Friday. Telsey Advisory Group restated a "market perform" rating and set a $110.00 price target on shares of Floor & Decor in a report on Monday, April 29th. The Goldman Sachs Group upped their price target on Floor & Decor from $71.00 to $79.00 and gave the stock a "neutral" rating in a report on Monday, February 26th. TD Cowen cut their price target on Floor & Decor from $125.00 to $115.00 and set a "hold" rating on the stock in a report on Friday. Finally, Bank of America upped their price target on Floor & Decor from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, March 14th. Two research 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. According to MarketBeat, Floor & Decor has a consensus rating of "Hold" and a consensus target price of $108.76.

Insider Activity at Floor & Decor

In related news, President Trevor Lang sold 13,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the transaction, the president now directly owns 170,844 shares of the company's stock, valued at approximately $21,061,648.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Floor & Decor news, 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 transaction of $813,095.00. Following the completion of the transaction, the chief accounting officer now owns 25,271 shares of the company's stock, valued at $2,999,667.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Trevor Lang sold 13,000 shares of the firm's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the transaction, the president now directly owns 170,844 shares of the company's stock, valued at approximately $21,061,648.32. The disclosure for this sale can be found here. Insiders sold 90,867 shares of company stock valued at $11,016,089 in the last ninety days. Corporate insiders own 2.10% of the company's stock.

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.