Retirement Systems of Alabama Invests $14.89 Million in Floor & Decor Holdings, Inc. (NYSE:FND)

Retirement Systems of Alabama purchased a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 133,474 shares of the company’s stock, valued at approximately $14,890,000.

A number of other large investors also recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Floor & Decor by 24.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock worth $64,000 after buying an additional 113 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Floor & Decor by 16.4% during the fourth quarter. Lindbrook Capital LLC now owns 885 shares of the company’s stock worth $99,000 after buying an additional 125 shares during the last quarter. Roundview Capital LLC lifted its holdings in shares of Floor & Decor by 0.7% during the third quarter. Roundview Capital LLC now owns 18,735 shares of the company’s stock worth $1,696,000 after buying an additional 129 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Floor & Decor by 2.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 5,410 shares of the company’s stock worth $490,000 after buying an additional 136 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Floor & Decor by 9.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,805 shares of the company’s stock valued at $201,000 after purchasing an additional 163 shares during the period.

Insider Activity

In other news, CFO Bryan Langley sold 5,865 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total transaction of $702,978.90. Following the transaction, the chief financial officer now owns 17,422 shares of the company’s stock, valued at $2,088,200.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Bryan Langley sold 5,865 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total transaction of $702,978.90. Following the transaction, the chief financial officer now owns 17,422 shares of the company’s stock, valued at $2,088,200.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO David Victor Christopherson sold 6,850 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were 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 in the company, valued at approximately $2,999,667.70. The disclosure for this sale can be found here. Insiders have sold 90,867 shares of company stock valued at $11,016,089 over the last 90 days. 2.10% of the stock is owned by company insiders.

Floor & Decor Price Performance

Floor & Decor stock opened at $109.28 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14. The firm has a market cap of $11.67 billion, a P/E ratio of 48.14, a P/E/G ratio of 5.36 and a beta of 1.85. The business’s fifty day moving average is $119.00 and its two-hundred day moving average is $105.85. 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 posted 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 for the quarter, compared to analyst estimates of $1.01 billion. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FND. Stifel Nicolaus lowered their price objective on Floor & Decor from $115.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 26th. Barclays boosted their price objective on Floor & Decor from $66.00 to $75.00 and gave the company an “underweight” rating in a research report on Thursday, January 4th. Wells Fargo & Company cut Floor & Decor from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $85.00 to $105.00 in a research report on Thursday, January 4th. Wedbush boosted their price objective on Floor & Decor from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Finally, Guggenheim boosted their price objective on Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $110.19.

About Floor & Decor

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.