Verdence Capital Advisors LLC Lowers Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Verdence Capital Advisors LLC decreased its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 20.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,182 shares of the company’s stock after selling 806 shares during the period. Verdence Capital Advisors LLC’s holdings in Floor & Decor were worth $355,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Floor & Decor by 13.1% in the third quarter. FMR LLC now owns 4,605,699 shares of the company’s stock worth $416,816,000 after buying an additional 531,891 shares during the period. WCM Investment Management LLC increased its holdings in shares of Floor & Decor by 1.0% in the fourth quarter. WCM Investment Management LLC now owns 4,521,719 shares of the company’s stock worth $514,979,000 after buying an additional 46,964 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Floor & Decor by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 755,917 shares of the company’s stock worth $68,410,000 after buying an additional 13,458 shares during the period. Wellington Management Group LLP increased its holdings in shares of Floor & Decor by 435.1% in the third quarter. Wellington Management Group LLP now owns 653,740 shares of the company’s stock worth $59,163,000 after buying an additional 531,574 shares during the period. Finally, TimesSquare Capital Management LLC increased its holdings in shares of Floor & Decor by 36.3% in the third quarter. TimesSquare Capital Management LLC now owns 610,967 shares of the company’s stock worth $55,293,000 after buying an additional 162,807 shares during the period.

Insider Transactions at Floor & Decor

In related news, CFO Bryan Langley sold 5,865 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total value of $702,978.90. Following the completion of the transaction, the chief financial officer now directly owns 17,422 shares in the company, valued at approximately $2,088,200.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Thomas V. Taylor sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $123.11, for a total value of $2,462,200.00. Following the completion of the transaction, the chief executive officer now directly owns 174,315 shares in the company, valued at approximately $21,459,919.65. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Bryan Langley sold 5,865 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 17,422 shares of the company’s stock, valued at $2,088,200.92. The disclosure for this sale can be found here. Insiders have sold a total of 90,867 shares of company stock valued at $11,016,089 in the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FND has been the topic of several analyst reports. Bank of America lifted their price objective on Floor & Decor from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Stifel Nicolaus cut their target price on Floor & Decor from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, February 26th. Sanford C. Bernstein cut Floor & Decor from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $100.00 to $115.00 in a research note on Tuesday, January 16th. Telsey Advisory Group raised their target price on Floor & Decor from $95.00 to $110.00 and gave the stock a “market perform” rating in a research note on Friday, February 23rd. Finally, Wells Fargo & Company cut Floor & Decor from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $85.00 to $105.00 in a research note on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Floor & Decor has a consensus rating of “Hold” and an average target price of $110.19.

Floor & Decor Stock Performance

Shares of FND opened at $110.00 on Wednesday. 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 business’s 50 day moving average price is $118.93 and its 200-day moving average price is $104.84. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67. The stock has a market cap of $11.74 billion, a P/E ratio of 48.46, a P/E/G ratio of 5.21 and a beta of 1.85.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.34 EPS for the quarter, topping 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 firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted $0.64 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

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.