Free Trial

Vanguard Group Inc. Buys 300,506 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Floor & Decor logo with Construction background

Vanguard Group Inc. grew its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,658,747 shares of the company's stock after purchasing an additional 300,506 shares during the period. Vanguard Group Inc. owned about 9.05% of Floor & Decor worth $1,077,530,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. lifted its stake in Floor & Decor by 24.4% in the 4th 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 in the last quarter. Janney Montgomery Scott LLC lifted its stake in Floor & Decor by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company's stock worth $2,609,000 after acquiring an additional 117 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Floor & Decor by 2.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company's stock worth $574,000 after acquiring an additional 120 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Floor & Decor by 1.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company's stock worth $1,195,000 after acquiring an additional 121 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its stake in 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 acquiring an additional 125 shares in the last quarter.


Floor & Decor Trading Down 2.4 %

NYSE:FND traded down $2.83 on Friday, reaching $114.66. The company's stock had a trading volume of 1,753,091 shares, compared to its average volume of 1,294,340. The firm has a market cap of $12.27 billion, a PE ratio of 55.39, a PEG ratio of 12.34 and a beta of 1.78. The business's 50-day moving average price is $115.24 and its two-hundred day moving average price is $113.88. Floor & Decor Holdings, Inc. has a 1-year low of $76.30 and a 1-year high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The company's quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 earnings per share. Equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Analyst Ratings Changes

FND has been the subject of several research analyst reports. Bank of America increased their price objective on Floor & Decor from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, March 14th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $110.00 price target on shares of Floor & Decor in a research note on Monday, April 29th. Evercore ISI raised 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 Floor & Decor from $71.00 to $79.00 and gave the stock a "neutral" rating in a research note on Monday, February 26th. Finally, Guggenheim raised their price target on Floor & Decor from $115.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, February 27th. Two 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 MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $109.24.

Get Our Latest Report on Floor & Decor

Floor & Decor 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)

→ Elon Musk’s chilling warning for humanity (From The Freeport Society) (Ad)

Should you invest $1,000 in Floor & Decor right now?

Before you consider Floor & Decor, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Floor & Decor wasn't on the list.

While Floor & Decor currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Best High-Yield Dividend Stocks for 2024 Cover

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

CPI News Breakdown: Key Market Moves to Follow
Understanding Oversold Stocks
Inside Pelosi’s Latest Stock Moves

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines