Allspring Global Investments Holdings LLC Has $29.81 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Allspring Global Investments Holdings LLC lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 14.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 267,212 shares of the company’s stock after selling 45,812 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.25% of Floor & Decor worth $29,810,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FND. DekaBank Deutsche Girozentrale acquired a new position in Floor & Decor in the 3rd quarter valued at approximately $30,000. Mendota Financial Group LLC acquired a new position in shares of Floor & Decor during the 4th quarter worth $33,000. Y.D. More Investments Ltd acquired a new position in shares of Floor & Decor during the 3rd quarter worth $45,000. Stephens Inc. AR increased its stake in shares of Floor & Decor by 72.5% during the 1st quarter. Stephens Inc. AR now owns 545 shares of the company’s stock worth $54,000 after purchasing an additional 229 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Floor & Decor during the 1st quarter worth $57,000.

Floor & Decor Price Performance

NYSE:FND opened at $112.39 on Friday. The company has a 50-day moving average of $118.65 and a 200-day moving average of $103.77. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of 49.51, a PEG ratio of 5.52 and a beta of 1.85. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. As a group, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. The Goldman Sachs Group increased their price target on shares of Floor & Decor from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Guggenheim increased their price target on shares of Floor & Decor from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Telsey Advisory Group upped their price objective on shares of Floor & Decor from $95.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, February 23rd. Sanford C. Bernstein downgraded shares of Floor & Decor from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $100.00 to $115.00 in a report on Tuesday, January 16th. Finally, Barclays upped their price objective on shares of Floor & Decor from $66.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, January 4th. Two research 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, the company currently has a consensus rating of “Hold” and a consensus price target of $110.67.

Insider Transactions at Floor & Decor

In related news, President Trevor Lang sold 13,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the completion of the sale, the president now owns 170,844 shares in the company, valued at approximately $21,061,648.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Thomas V. Taylor sold 20,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $123.11, for a total transaction of $2,462,200.00. Following the completion of the sale, the chief executive officer now owns 174,315 shares in the company, valued at approximately $21,459,919.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Trevor Lang sold 13,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the sale, the president now owns 170,844 shares of the company’s stock, valued at approximately $21,061,648.32. The disclosure for this sale can be found here. In the last three months, insiders sold 90,867 shares of company stock valued at $11,016,089. Company insiders own 2.10% of the company’s stock.

Floor & Decor Profile

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.