Insider Selling: Floor & Decor Holdings, Inc. (FND) Chairman Sells $4,086,966.96 in Stock
Floor & Decor Holdings, Inc. (NYSE:FND) Chairman Norman Axelrod sold 117,038 shares of Floor & Decor Holdings stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $34.92, for a total value of $4,086,966.96. Following the transaction, the chairman now owns 3,095 shares of the company’s stock, valued at $108,077.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Floor & Decor Holdings, Inc. (FND) opened at $38.47 on Friday. Floor & Decor Holdings, Inc. has a 12 month low of $29.37 and a 12 month high of $46.99. The company has a current ratio of 1.33, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47.
Floor & Decor Holdings (NYSE:FND) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Floor & Decor Holdings had a net margin of 5.62% and a return on equity of 26.39%. The company had revenue of $343.90 million during the quarter, compared to analysts’ expectations of $338.62 million. During the same period in the previous year, the company earned $0.12 EPS. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 0.66 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC boosted its position in Floor & Decor Holdings by 17.1% during the 3rd quarter. Brighton Jones LLC now owns 11,834 shares of the company’s stock worth $461,000 after purchasing an additional 1,731 shares during the period. FNY Partners Fund LP purchased a new stake in Floor & Decor Holdings during the 3rd quarter worth $116,000. Toronto Dominion Bank purchased a new stake in Floor & Decor Holdings during the 2nd quarter worth $157,000. Public Employees Retirement System of Ohio purchased a new stake in Floor & Decor Holdings during the 2nd quarter worth $179,000. Finally, Principal Financial Group Inc. purchased a new stake in Floor & Decor Holdings during the 3rd quarter worth $208,000. 95.67% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on FND. Loop Capital began coverage on Floor & Decor Holdings in a research report on Friday, August 18th. They set a “hold” rating and a $35.00 price objective for the company. BMO Capital Markets began coverage on Floor & Decor Holdings in a research report on Thursday, September 14th. They set a “market perform” rating and a $41.00 price objective for the company. Zacks Investment Research upgraded Floor & Decor Holdings from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Tuesday, September 12th. Telsey Advisory Group boosted their price target on Floor & Decor Holdings from $38.00 to $39.00 and gave the company a “market perform” rating in a report on Friday, July 28th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $42.00 price target on shares of Floor & Decor Holdings in a report on Thursday, October 12th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $42.93.
About Floor & Decor Holdings
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
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