Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Wealth Alliance

Wealth Alliance reduced its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 22.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,566 shares of the company’s stock after selling 754 shares during the period. Wealth Alliance’s holdings in Floor & Decor were worth $286,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Louisiana State Employees Retirement System acquired a new stake in Floor & Decor in the fourth quarter valued at approximately $3,336,000. WCM Investment Management LLC grew its holdings in Floor & Decor by 1.0% in the fourth quarter. WCM Investment Management LLC now owns 4,521,719 shares of the company’s stock valued at $514,979,000 after purchasing an additional 46,964 shares during the period. Simplicity Solutions LLC acquired a new stake in Floor & Decor in the fourth quarter valued at approximately $238,000. Mutual of America Capital Management LLC purchased a new position in shares of Floor & Decor in the fourth quarter valued at approximately $7,344,000. Finally, Yorktown Management & Research Co Inc purchased a new position in shares of Floor & Decor in the fourth quarter valued at approximately $335,000.

Insider Activity

In related news, EVP Steven Alan Denny sold 5,152 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the transaction, the executive vice president now directly owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Norman Axelrod sold 40,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $119.97, for a total transaction of $4,798,800.00. Following the completion of the transaction, the director now directly owns 226,080 shares of the company’s stock, valued at approximately $27,122,817.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven Alan Denny sold 5,152 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $123.52, for a total value of $636,375.04. Following the transaction, the executive vice president now directly owns 13,271 shares of the company’s stock, valued at $1,639,233.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,867 shares of company stock valued at $11,016,089. 2.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Bank of America raised their target price on Floor & Decor from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Truist Financial raised their target price on Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. TD Cowen assumed coverage on Floor & Decor in a research report on Wednesday, April 10th. They issued a “hold” rating and a $125.00 target price on the stock. UBS Group downgraded Floor & Decor from a “buy” rating to a “neutral” rating and set a $135.00 target price on the stock. in a research report on Tuesday, March 5th. Finally, The Goldman Sachs Group lifted their price objective on Floor & Decor from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Two research 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. Based on data from MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and an average target price of $110.19.

Floor & Decor Trading Up 1.1 %

Shares of NYSE FND opened at $109.58 on Friday. Floor & Decor Holdings, Inc. has a twelve month low of $76.30 and a twelve month high of $135.67. The company has a current ratio of 1.14, a quick ratio of 0.18 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $119.01 and a 200-day simple moving average of $104.31. The stock has a market capitalization of $11.70 billion, a PE ratio of 48.27, a PEG ratio of 5.22 and a beta of 1.85.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted $0.64 earnings per share. The company’s revenue was up .0% on a year-over-year basis. On average, equities analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 earnings per share 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.