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Owls Nest Partners IA LLC Has $2.62 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Floor & Decor logo with Construction background

Owls Nest Partners IA LLC reduced its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 87.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,500 shares of the company's stock after selling 169,695 shares during the period. Floor & Decor accounts for 0.7% of Owls Nest Partners IA LLC's investment portfolio, making the stock its 12th biggest holding. Owls Nest Partners IA LLC's holdings in Floor & Decor were worth $2,622,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. New York State Teachers Retirement System bought a new stake in Floor & Decor in the fourth quarter worth $4,161,000. Pacer Advisors Inc. bought a new stake in Floor & Decor in the fourth quarter worth $1,767,000. Kestra Advisory Services LLC boosted its holdings in Floor & Decor by 7.1% in the third quarter. Kestra Advisory Services LLC now owns 5,292 shares of the company's stock worth $479,000 after purchasing an additional 349 shares in the last quarter. Yousif Capital Management LLC bought a new stake in Floor & Decor in the fourth quarter worth $5,614,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Floor & Decor by 12.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 726,850 shares of the company's stock worth $81,099,000 after purchasing an additional 79,210 shares in the last quarter.

Floor & Decor Price Performance

Shares of FND traded down $3.16 during mid-day trading on Friday, hitting $118.20. 1,127,706 shares of the company traded hands, compared to its average volume of 880,764. Floor & Decor Holdings, Inc. has a one year low of $76.30 and a one year high of $135.67. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average of $115.14 and a 200 day moving average of $113.21. The stock has a market capitalization of $12.65 billion, a price-to-earnings ratio of 57.10, a PEG ratio of 12.50 and a beta of 1.78.


Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings results 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 net margin of 5.11% and a return on equity of 11.80%. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the firm earned $0.66 earnings per share. Floor & Decor's revenue was down 2.2% compared to the same quarter last year. As a group, equities analysts expect that Floor & Decor Holdings, Inc. will post 1.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on FND shares. Bank of America boosted their target price on shares of Floor & Decor from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, March 14th. Evercore ISI boosted their target price on shares of Floor & Decor from $120.00 to $125.00 and gave the stock an "in-line" rating in a research report on Tuesday, May 14th. TD Cowen cut 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 report on Friday, May 3rd. The Goldman Sachs Group boosted their target price on shares of Floor & Decor from $71.00 to $79.00 and gave the stock a "neutral" rating in a research report on Monday, February 26th. Finally, Wedbush reissued an "outperform" rating and set a $125.00 target price on shares of Floor & Decor in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $109.24.

Read Our Latest Analysis on Floor & Decor

Insider Activity

In other news, CEO Thomas V. Taylor sold 34,199 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the sale, the chief executive officer now directly owns 168,386 shares of the company's stock, valued at $21,048,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the firm's stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the transaction, the chief executive officer now directly owns 168,386 shares of the company's stock, valued at $21,048,250. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter Starrett sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total transaction of $591,200.00. Following the completion of the transaction, the director now directly owns 128,189 shares in the company, valued at $15,157,067.36. The disclosure for this sale can be found here. Insiders have sold 41,778 shares of company stock valued at $5,182,791 over the last three months. 2.10% of the stock is owned by insiders.

Floor & Decor Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Floor & Decor (NYSE:FND)

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