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Teachers Retirement System of The State of Kentucky Buys Shares of 29,936 Floor & Decor Holdings, Inc. (NYSE:FND)

Floor & Decor logo with Construction background

Teachers Retirement System of The State of Kentucky purchased a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 29,936 shares of the company's stock, valued at approximately $3,340,000.

Other institutional investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Floor & Decor by 24.4% in 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 during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Floor & Decor by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company's stock valued at $2,609,000 after purchasing an additional 117 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Floor & Decor by 2.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company's stock valued at $574,000 after buying an additional 120 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Floor & Decor by 1.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company's stock worth $1,195,000 after buying an additional 121 shares during the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of Floor & Decor by 16.4% in the 4th quarter. Lindbrook Capital LLC now owns 885 shares of the company's stock worth $99,000 after buying an additional 125 shares during the period.


Floor & Decor Price Performance

NYSE:FND traded up $1.32 during mid-day trading on Wednesday, reaching $119.81. 793,747 shares of the stock were exchanged, compared to its average volume of 910,059. 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 fifty day moving average price of $115.14 and a 200 day moving average price of $113.75. Floor & Decor Holdings, Inc. has a 1-year low of $76.30 and a 1-year high of $135.67. The firm has a market capitalization of $12.82 billion, a PE ratio of 57.88, a PEG ratio of 12.20 and a beta of 1.78.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the company posted $0.66 EPS. The business's revenue was down 2.2% compared to the same quarter last year. Research analysts expect that Floor & Decor Holdings, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Transactions at Floor & Decor

In related news, Director Peter Starrett sold 5,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total value of $591,200.00. Following the completion of the transaction, the director now owns 128,189 shares in the company, valued at approximately $15,157,067.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Floor & Decor news, Director Peter Starrett sold 5,000 shares of the firm's stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total transaction of $591,200.00. Following the completion of the sale, the director now directly owns 128,189 shares in the company, valued at approximately $15,157,067.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas V. Taylor sold 34,199 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer now 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 three months. Company insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Evercore ISI upped their price target on Floor & Decor from $120.00 to $125.00 and gave the stock an "in-line" rating in a research note on Tuesday, May 14th. The Goldman Sachs Group raised their price target on shares of Floor & Decor from $71.00 to $79.00 and gave the company a "neutral" rating in a report on Monday, February 26th. Piper Sandler increased their price objective on shares of Floor & Decor from $105.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 9th. UBS Group cut their target price on shares of Floor & Decor from $135.00 to $125.00 and set a "neutral" rating on the stock in a research note on Friday, May 3rd. Finally, TD Cowen decreased their price target 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. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $109.24.

Get Our Latest Stock Analysis on Floor & Decor

About Floor & Decor

(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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