Capital Research Global Investors Raises Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Capital Research Global Investors grew its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 4.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,537,191 shares of the company’s stock after purchasing an additional 298,386 shares during the quarter. Capital Research Global Investors owned 0.06% of Floor & Decor worth $729,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in FND. Whittier Trust Co. of Nevada Inc. grew its position in Floor & Decor by 24.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock worth $64,000 after acquiring an additional 113 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Floor & Decor by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company’s stock valued at $2,609,000 after purchasing an additional 117 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of Floor & Decor by 2.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock valued at $574,000 after purchasing an additional 120 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Floor & Decor by 1.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock valued at $1,195,000 after purchasing an additional 121 shares during the period. Finally, Lindbrook Capital LLC lifted its stake in shares of Floor & Decor by 16.4% in the 4th quarter. Lindbrook Capital LLC now owns 885 shares of the company’s stock valued at $99,000 after purchasing an additional 125 shares during the period.

Insiders Place Their Bets

In other Floor & Decor news, Director Peter Starrett sold 1,569 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $122.61, for a total transaction of $192,375.09. Following the completion of the sale, the director now directly owns 118,620 shares in the company, valued at approximately $14,543,998.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Steven Alan Denny sold 1,010 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $123.11, for a total value of $124,341.10. Following the transaction, the executive vice president now owns 12,911 shares of the company’s stock, valued at $1,589,473.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter Starrett sold 1,569 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $122.61, for a total transaction of $192,375.09. Following the completion of the transaction, the director now owns 118,620 shares of the company’s stock, valued at approximately $14,543,998.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,579 shares of company stock valued at $907,916. 2.10% of the stock is owned by company insiders.

Floor & Decor Stock Up 6.0 %

Shares of Floor & Decor stock traded up $6.80 during trading on Wednesday, reaching $120.00. The company’s stock had a trading volume of 1,175,014 shares, compared to its average volume of 1,319,511. The company has a 50-day simple moving average of $116.08 and a two-hundred day simple moving average of $111.83. Floor & Decor Holdings, Inc. has a 1-year low of $76.30 and a 1-year high of $135.67. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The company has a market cap of $12.84 billion, a price-to-earnings ratio of 57.85, a P/E/G ratio of 11.96 and a beta of 1.78.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm posted $0.66 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. As a group, equities analysts forecast that Floor & Decor Holdings, Inc. will post 1.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FND. Mizuho lowered their target price on Floor & Decor from $115.00 to $110.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Piper Sandler lifted their price objective on Floor & Decor from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Wedbush reiterated an “outperform” rating and set a $125.00 price objective on shares of Floor & Decor in a research note on Friday, May 3rd. TD Cowen lowered their price objective on Floor & Decor from $125.00 to $115.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Finally, Guggenheim lifted their price objective on Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Two investment 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $109.24.

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.