Silvercrest Asset Management Group LLC Has $16.90 Million Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Silvercrest Asset Management Group LLC decreased its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 0.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,382 shares of the company’s stock after selling 188 shares during the quarter. Silvercrest Asset Management Group LLC owned 0.12% of Floor & Decor worth $16,900,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FND. Envoi LLC acquired a new stake in Floor & Decor during the 1st quarter valued at approximately $356,000. Capital Research Global Investors boosted its holdings in shares of Floor & Decor by 20.4% during the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after buying an additional 1,334,650 shares in the last quarter. Capital International Investors boosted its holdings in shares of Floor & Decor by 7.4% during the 1st quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock worth $137,806,000 after buying an additional 73,448 shares in the last quarter. Saturna Capital Corp boosted its holdings in shares of Floor & Decor by 2.5% during the 1st quarter. Saturna Capital Corp now owns 23,384 shares of the company’s stock worth $3,031,000 after buying an additional 560 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Floor & Decor by 2.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 79,098 shares of the company’s stock worth $10,252,000 after buying an additional 1,691 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FND. Robert W. Baird cut their price target on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday. Truist Financial reduced their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. TD Cowen dropped their price target on Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, July 12th. Citigroup decreased their price target on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. Finally, Telsey Advisory Group decreased their price target on Floor & Decor from $110.00 to $100.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $105.76.

Insider Activity

In related news, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the completion of the sale, the chief executive officer now directly owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the completion of the sale, the chief executive officer now directly owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter Starrett sold 1,569 shares of the firm’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 value of $192,375.09. Following the sale, the director now directly owns 118,620 shares of the company’s stock, valued at $14,543,998.20. The disclosure for this sale can be found here. Insiders sold 41,778 shares of company stock valued at $5,182,791 in the last ninety days. Insiders own 2.10% of the company’s stock.

Floor & Decor Price Performance

Floor & Decor stock traded down $2.42 during midday trading on Tuesday, reaching $94.94. 1,106,688 shares of the stock traded hands, compared to its average volume of 1,466,309. The stock’s fifty day moving average is $105.94 and its 200-day moving average is $111.84. Floor & Decor Holdings, Inc. has a 12 month low of $76.30 and a 12 month high of $135.67. The stock has a market cap of $10.16 billion, a P/E ratio of 46.15, a PEG ratio of 10.19 and a beta of 1.74. 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 (NYSE:FND) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, beating 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 analyst estimates of $1.11 billion. During the same period in the prior year, the company earned $0.66 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.83 EPS for the current year.

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.