Floor & Decor Holdings Inc (NYSE:FND) CFO Trevor Lang Sells 99,206 Shares

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Floor & Decor Holdings Inc (NYSE:FND) CFO Trevor Lang sold 99,206 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $44.57, for a total value of $4,421,611.42. Following the transaction, the chief financial officer now directly owns 237,875 shares in the company, valued at $10,602,088.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Trevor Lang also recently made the following trade(s):

  • On Wednesday, August 7th, Trevor Lang sold 42,335 shares of Floor & Decor stock. The stock was sold at an average price of $44.02, for a total value of $1,863,586.70.
  • On Friday, June 14th, Trevor Lang sold 40,000 shares of Floor & Decor stock. The stock was sold at an average price of $38.88, for a total value of $1,555,200.00.

Shares of NYSE FND traded down $0.36 during mid-day trading on Thursday, hitting $42.60. The stock had a trading volume of 754,500 shares, compared to its average volume of 1,220,269. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.28 and a current ratio of 1.33. The company has a 50 day moving average of $41.54 and a two-hundred day moving average of $40.35. Floor & Decor Holdings Inc has a twelve month low of $23.30 and a twelve month high of $48.72. The firm has a market cap of $4.29 billion, a PE ratio of 43.92, a PEG ratio of 1.64 and a beta of 2.13.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, August 1st. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. Floor & Decor had a return on equity of 18.32% and a net margin of 6.35%. The firm had revenue of $520.31 million for the quarter, compared to the consensus estimate of $510.73 million. During the same period in the prior year, the firm earned $0.27 EPS. The firm’s revenue was up 19.8% on a year-over-year basis. Equities research analysts predict that Floor & Decor Holdings Inc will post 1.11 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Floor & Decor from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Citigroup reduced their price target on Floor & Decor from $51.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Wells Fargo & Co reaffirmed an “outperform” rating and set a $54.00 price target (up from $45.00) on shares of Floor & Decor in a research report on Wednesday, April 24th. Stephens assumed coverage on Floor & Decor in a research report on Tuesday, April 23rd. They set a “weight” rating and a $56.00 price target on the stock. Finally, UBS Group reduced their price target on Floor & Decor from $55.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Floor & Decor has a consensus rating of “Hold” and a consensus price target of $43.48.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in shares of Floor & Decor by 42.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 642,841 shares of the company’s stock valued at $16,651,000 after acquiring an additional 191,179 shares in the last quarter. Two Sigma Advisers LP bought a new stake in shares of Floor & Decor during the fourth quarter valued at approximately $425,000. Legal & General Group Plc increased its holdings in shares of Floor & Decor by 66.0% during the fourth quarter. Legal & General Group Plc now owns 25,862 shares of the company’s stock valued at $670,000 after acquiring an additional 10,284 shares in the last quarter. Norges Bank bought a new stake in shares of Floor & Decor during the fourth quarter valued at approximately $8,952,000. Finally, State of Alaska Department of Revenue increased its holdings in shares of Floor & Decor by 14.1% during the first quarter. State of Alaska Department of Revenue now owns 6,800 shares of the company’s stock valued at $280,000 after acquiring an additional 840 shares in the last quarter.

About Floor & Decor

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer 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. It serves professional installers, commercial businesses, and do it yourself customers.

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