Peter Starrett Sells 5,000 Shares of Floor & Decor Holdings, Inc. (NYSE:FND) Stock

Floor & Decor Holdings, Inc. (NYSE:FND) Director Peter Starrett sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total value of $591,200.00. Following the sale, the director now directly owns 128,189 shares in the company, valued at approximately $15,157,067.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Floor & Decor Trading Up 4.0 %

Shares of FND stock opened at $120.01 on Friday. The stock has a market cap of $12.81 billion, a P/E ratio of 57.98, a P/E/G ratio of 5.51 and a beta of 1.86. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. Floor & Decor Holdings, Inc. has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The business has a fifty day simple moving average of $118.67 and a 200-day simple moving average of $107.04.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 EPS. On average, analysts forecast that Floor & Decor Holdings, Inc. will post 1.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Evercore ISI cut their target price on shares of Floor & Decor from $120.00 to $115.00 and set an “in-line” rating on the stock in a research note on Friday, May 3rd. UBS Group decreased their price objective on shares of Floor & Decor from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Telsey Advisory Group restated a “market perform” rating and issued a $110.00 price target on shares of Floor & Decor in a research note on Monday, April 29th. Truist Financial increased their price objective on Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, The Goldman Sachs Group boosted their target price on Floor & Decor from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $108.76.

Hedge Funds Weigh In On Floor & Decor

A number of institutional investors have recently made changes to their positions in the stock. New York State Teachers Retirement System purchased a new position in Floor & Decor in the 4th quarter valued at about $4,161,000. Pacer Advisors Inc. acquired a new position in Floor & Decor in the 4th quarter valued at $1,767,000. Kestra Advisory Services LLC lifted its stake in shares of Floor & Decor by 7.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 5,292 shares of the company’s stock worth $479,000 after purchasing an additional 349 shares during the period. Yousif Capital Management LLC acquired a new stake in shares of Floor & Decor during the fourth quarter worth $5,614,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Floor & Decor in the fourth quarter valued at $1,284,000.

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.