Insider Selling: Floor & Decor (NYSE:FND) EVP Sells $1,114,256.00 in Stock

Floor & Decor Holdings, Inc. (NYSE:FND) EVP Ersan Sayman sold 21,428 shares of Floor & Decor stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $52.00, for a total transaction of $1,114,256.00. Following the sale, the executive vice president directly owned 71,676 shares in the company, valued at approximately $3,727,152. This trade represents a 23.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Floor & Decor Price Performance

Shares of Floor & Decor stock traded down $1.88 during trading hours on Tuesday, reaching $51.45. 2,185,977 shares of the company’s stock were exchanged, compared to its average volume of 2,756,615. Floor & Decor Holdings, Inc. has a 1 year low of $42.64 and a 1 year high of $77.46. The company has a market capitalization of $5.48 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 4.49 and a beta of 1.56. The business has a fifty day moving average of $47.45 and a two-hundred day moving average of $54.18. The company has a quick ratio of 0.44, a current ratio of 1.32 and a debt-to-equity ratio of 0.08.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, October 29th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Floor & Decor had a net margin of 5.05% and a return on equity of 8.40%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. As a group, research analysts predict that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

A number of hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. increased its position in Floor & Decor by 6.5% during the first quarter. Principal Financial Group Inc. now owns 6,837,639 shares of the company’s stock worth $347,354,000 after purchasing an additional 416,572 shares during the last quarter. Turtle Creek Asset Management Inc. raised its stake in Floor & Decor by 41.7% during the first quarter. Turtle Creek Asset Management Inc. now owns 2,757,643 shares of the company’s stock worth $140,088,000 after purchasing an additional 811,910 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Floor & Decor by 33.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,606,871 shares of the company’s stock valued at $132,424,000 after purchasing an additional 659,355 shares during the last quarter. Bank of America Corp DE boosted its holdings in Floor & Decor by 15.6% in the 1st quarter. Bank of America Corp DE now owns 1,501,698 shares of the company’s stock valued at $76,286,000 after purchasing an additional 202,977 shares during the last quarter. Finally, Worldly Partners Management LLC boosted its holdings in Floor & Decor by 3.2% in the 2nd quarter. Worldly Partners Management LLC now owns 1,371,180 shares of the company’s stock valued at $81,393,000 after purchasing an additional 42,000 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Floor & Decor from $59.00 to $57.00 and set a “neutral” rating for the company in a research note on Friday, October 30th. Stifel Nicolaus decreased their target price on shares of Floor & Decor from $52.00 to $51.00 and set a “hold” rating on the stock in a research note on Monday, November 2nd. Wells Fargo & Company decreased their target price on shares of Floor & Decor from $55.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Piper Sandler boosted their target price on Floor & Decor from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Morgan Stanley dropped their price target on Floor & Decor from $64.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday, November 2nd. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $54.70.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc. is a specialty retailer of hard-surface flooring and related products. Its assortment includes tile, natural stone, wood, laminate and vinyl flooring, along with installation materials, tools and decorative accessories. The company serves both professional flooring contractors and homeowners through warehouse-format stores and online sales. Many stores also offer design services and product displays to help customers plan residential and commercial projects. Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor operates stores across the United States.