HBK Sorce Advisory LLC Takes $242,000 Position in Floor & Decor Holdings, Inc. (NYSE:FND)

HBK Sorce Advisory LLC acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,170 shares of the company’s stock, valued at approximately $242,000.

Several other large investors also recently modified their holdings of FND. DekaBank Deutsche Girozentrale bought a new position in shares of Floor & Decor in the third quarter valued at about $30,000. Mendota Financial Group LLC bought a new position in shares of Floor & Decor in the fourth quarter valued at about $33,000. Y.D. More Investments Ltd bought a new position in shares of Floor & Decor in the third quarter valued at about $45,000. Stephens Inc. AR increased its position in Floor & Decor by 72.5% during the first quarter. Stephens Inc. AR now owns 545 shares of the company’s stock worth $54,000 after acquiring an additional 229 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in Floor & Decor during the first quarter worth about $57,000.

Floor & Decor Trading Up 0.5 %

FND opened at $114.70 on Friday. The company’s 50 day moving average is $118.49 and its 200-day moving average is $103.63. Floor & Decor Holdings, Inc. has a 1-year low of $76.30 and a 1-year 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 company has a market cap of $12.25 billion, a P/E ratio of 50.53, a PEG ratio of 5.86 and a beta of 1.85.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results 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 net margin of 5.57% and a return on equity of 13.38%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company posted $0.64 EPS. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Thomas V. Taylor sold 20,000 shares of Floor & Decor stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 174,315 shares in the company, valued at approximately $21,459,919.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Thomas V. Taylor sold 20,000 shares of Floor & Decor stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 174,315 shares in the company, valued at approximately $21,459,919.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO David Victor Christopherson sold 6,850 shares of Floor & Decor 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 sale, the chief accounting officer now owns 25,271 shares in the company, valued at $2,999,667.70. The disclosure for this sale can be found here. Insiders have sold a total of 90,867 shares of company stock worth $11,016,089 in the last ninety days. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FND shares. Truist Financial raised their price target on shares of Floor & Decor from $102.00 to $127.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Mizuho started coverage on shares of Floor & Decor in a research report on Tuesday, March 19th. They set a “neutral” rating and a $115.00 price target on the stock. UBS Group lowered shares of Floor & Decor from a “buy” rating to a “neutral” rating and set a $135.00 price target on the stock. in a research report on Tuesday, March 5th. Sanford C. Bernstein lowered shares of Floor & Decor from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $100.00 to $115.00 in a research report on Tuesday, January 16th. Finally, Guggenheim raised their price target on shares of Floor & Decor from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $110.67.

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.