Steven Alan Denny Sells 6,028 Shares of Floor & Decor Holdings, Inc. (NYSE:FND) Stock

Floor & Decor Holdings, Inc. (NYSE:FNDGet Rating) EVP Steven Alan Denny sold 6,028 shares of Floor & Decor stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $95.10, for a total value of $573,262.80. Following the completion of the transaction, the executive vice president now directly owns 4,477 shares in the company, valued at $425,762.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Floor & Decor Trading Down 1.8 %

Shares of NYSE:FND opened at $89.14 on Friday. Floor & Decor Holdings, Inc. has a 12-month low of $59.91 and a 12-month high of $145.89. The business’s fifty day simple moving average is $73.99 and its 200-day simple moving average is $83.51. The company has a market capitalization of $9.44 billion, a PE ratio of 34.68, a P/E/G ratio of 1.33 and a beta of 1.85. The company has a current ratio of 1.26, a quick ratio of 0.14 and a debt-to-equity ratio of 0.18.

Floor & Decor (NYSE:FNDGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Floor & Decor had a return on equity of 19.25% and a net margin of 7.09%. The firm’s revenue was up 26.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 EPS. As a group, equities research analysts predict that Floor & Decor Holdings, Inc. will post 2.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FND has been the topic of several analyst reports. MKM Partners began coverage on Floor & Decor in a report on Thursday, June 23rd. They issued a “neutral” rating and a $65.00 target price on the stock. Robert W. Baird lowered their target price on Floor & Decor from $130.00 to $110.00 in a report on Monday, May 2nd. Wedbush lowered their target price on Floor & Decor from $130.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, May 6th. Gordon Haskett cut Floor & Decor from a “buy” rating to an “accumulate” rating in a research report on Friday, May 6th. Finally, The Goldman Sachs Group cut Floor & Decor from a “buy” rating to a “neutral” rating and cut their price target for the company from $109.00 to $64.00 in a report on Monday, June 27th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Floor & Decor presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.71.

Institutional Investors Weigh In On Floor & Decor

Several large investors have recently bought and sold shares of FND. Quadrant Capital Group LLC lifted its holdings in Floor & Decor by 163.6% in the fourth quarter. Quadrant Capital Group LLC now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 126 shares during the last quarter. CWM LLC lifted its stake in Floor & Decor by 61.9% during the second quarter. CWM LLC now owns 434 shares of the company’s stock worth $27,000 after purchasing an additional 166 shares in the last quarter. Confluence Wealth Services Inc. acquired a new position in Floor & Decor during the fourth quarter worth $30,000. Boston Partners acquired a new position in Floor & Decor during the first quarter worth $31,000. Finally, SJS Investment Consulting Inc. acquired a new stake in shares of Floor & Decor in the first quarter valued at $32,000. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Floor & Decor Company Profile

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Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company’s stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.

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