11,912 Shares in Floor & Decor Holdings, Inc. (NYSE:FND) Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC purchased a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 11,912 shares of the company's stock, valued at approximately $1,329,000.

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

Insider Activity

In other news, Director Norman Axelrod sold 40,000 shares of the firm's stock in a transaction dated Tuesday, February 27th. The stock was 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 owns 226,080 shares in the company, valued at $27,122,817.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Norman Axelrod sold 40,000 shares of the business's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $119.97, for a total value of $4,798,800.00. Following the sale, the director now owns 226,080 shares in the company, valued at $27,122,817.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bryan Langley sold 5,865 shares of the company'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 sale, the chief financial officer now directly owns 17,422 shares in the company, valued at approximately $2,088,200.92. The disclosure for this sale can be found here. Insiders have sold a total of 90,867 shares of company stock worth $11,016,089 over the last quarter. Insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FND shares. The Goldman Sachs Group upped their price objective on Floor & Decor from $71.00 to $79.00 and gave the company a "neutral" rating in a research report on Monday, February 26th. TD Cowen lowered 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, May 3rd. Mizuho reduced their price objective on Floor & Decor from $115.00 to $110.00 and set a "neutral" rating for the company in a report on Friday, May 3rd. Evercore ISI decreased their target price on Floor & Decor from $120.00 to $115.00 and set an "in-line" rating for the company in a research report on Friday, May 3rd. Finally, Stifel Nicolaus dropped their price target on shares of Floor & Decor from $115.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $108.76.

Floor & Decor Price Performance

Shares of FND stock traded down $1.56 on Wednesday, hitting $115.35. 800,693 shares of the stock traded hands, compared to its average volume of 1,393,399. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67. The firm has a 50 day simple moving average of $118.85 and a two-hundred day simple moving average of $106.89. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 55.72, a PEG ratio of 5.51 and a beta of 1.86.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 EPS 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 business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the business earned $0.66 earnings per share. The business's revenue was down 2.2% on a year-over-year basis. As a group, equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.9 earnings per share for the current fiscal year.

About Floor & Decor

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.