Atria Wealth Solutions Inc. Boosts Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Atria Wealth Solutions Inc. raised its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 57.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,607 shares of the company’s stock after purchasing an additional 2,052 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Floor & Decor were worth $626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mendota Financial Group LLC purchased a new stake in Floor & Decor in the fourth quarter valued at $33,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Floor & Decor in the 3rd quarter valued at $30,000. GAMMA Investing LLC purchased a new stake in shares of Floor & Decor in the 4th quarter valued at $53,000. Y.D. More Investments Ltd purchased a new stake in shares of Floor & Decor in the 3rd quarter valued at $45,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Floor & Decor by 24.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock valued at $64,000 after buying an additional 113 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein downgraded Floor & Decor from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $100.00 to $115.00 in a report on Tuesday, January 16th. The Goldman Sachs Group boosted their target price on Floor & Decor from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Evercore ISI lowered their target price on Floor & Decor from $120.00 to $115.00 and set an “in-line” rating for the company in a research note on Friday. UBS Group lowered their target price on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Wedbush reissued an “outperform” rating and set a $125.00 target price on shares of Floor & Decor in a research note on Friday. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $108.76.

Insider Transactions at Floor & Decor

In other news, CAO David Victor Christopherson sold 6,850 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total transaction of $813,095.00. Following the completion of the transaction, the chief accounting officer now directly owns 25,271 shares of the company’s stock, valued at approximately $2,999,667.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, President Trevor Lang sold 13,000 shares of Floor & Decor stock in a transaction on 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 completion of the transaction, the president now directly owns 170,844 shares of the company’s stock, valued at $21,061,648.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO David Victor Christopherson sold 6,850 shares of Floor & Decor stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the transaction, the chief accounting officer now directly owns 25,271 shares of the company’s stock, valued at $2,999,667.70. 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. Corporate insiders own 2.10% of the company’s stock.

Floor & Decor Stock Up 0.2 %

FND opened at $113.04 on Friday. The business has a 50 day moving average price of $118.90 and a two-hundred day moving average price of $106.27. The company has a quick ratio of 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. The company has a market cap of $12.07 billion, a PE ratio of 54.61, a P/E/G ratio of 5.46 and a beta of 1.86. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Floor & Decor had a return on equity of 11.97% and a net margin of 5.11%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. As a group, research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.91 EPS for the current year.

Floor & Decor Company 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.