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Floor & Decor Holdings, Inc. (NYSE:FND) Shares Bought by American International Group Inc.

Floor & Decor logo with Construction background

American International Group Inc. grew its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 7,906.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,837 shares of the company's stock after purchasing an additional 143,028 shares during the quarter. American International Group Inc. owned about 0.14% of Floor & Decor worth $16,158,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC increased its stake in shares of Floor & Decor by 3.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,991 shares of the company's stock worth $452,000 after acquiring an additional 165 shares in the last quarter. Pathstone Family Office LLC increased its stake in shares of Floor & Decor by 81.8% in the 3rd quarter. Pathstone Family Office LLC now owns 3,891 shares of the company's stock worth $352,000 after acquiring an additional 1,751 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Floor & Decor in the 3rd quarter worth about $30,000. Kestra Advisory Services LLC increased its stake in shares of Floor & Decor by 7.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 5,292 shares of the company's stock worth $479,000 after acquiring an additional 349 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its stake in shares of Floor & Decor by 9.8% in the 3rd quarter. Rafferty Asset Management LLC now owns 25,646 shares of the company's stock worth $2,321,000 after acquiring an additional 2,292 shares in the last quarter.


Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, Director Peter Starrett sold 5,000 shares of Floor & Decor 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 transaction, the director now owns 128,189 shares of the company's stock, valued at $15,157,067.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Peter Starrett sold 5,000 shares of the business's stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total value of $591,200.00. Following the transaction, the director now owns 128,189 shares of the company's stock, valued at $15,157,067.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas V. Taylor sold 34,199 shares of the business's stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the completion of the transaction, the chief executive officer now directly owns 168,386 shares in the company, valued at approximately $21,048,250. 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 90 days. 2.10% of the stock is currently owned by corporate insiders.

Floor & Decor Stock Performance

NYSE FND traded down $3.16 during trading hours on Friday, hitting $118.20. 1,127,706 shares of the company's stock traded hands, compared to its average volume of 880,764. The business's fifty day moving average price is $115.14 and its two-hundred day moving average price is $113.36. 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 firm has a market capitalization of $12.65 billion, a P/E ratio of 57.10, a P/E/G ratio of 12.17 and a beta of 1.78. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings results 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 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 the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The company's revenue for the quarter was down 2.2% on a year-over-year basis. Equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.89 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on FND. Mizuho cut their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a "neutral" rating on the stock in a research report on Friday, May 3rd. Bank of America increased their price objective on shares of Floor & Decor from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, March 14th. The Goldman Sachs Group increased their price objective on shares of Floor & Decor from $71.00 to $79.00 and gave the company a "neutral" rating in a research report on Monday, February 26th. Evercore ISI increased their price objective on shares of Floor & Decor from $120.00 to $125.00 and gave the company an "in-line" rating in a research report on Tuesday, May 14th. Finally, Stifel Nicolaus cut their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, February 26th. 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 data from MarketBeat.com, Floor & Decor presently has a consensus rating of "Hold" and a consensus target price of $109.24.

Read Our Latest Analysis on Floor & Decor

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.

See Also

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

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