HAP Trading LLC purchased a new position in shares of Floor & Decor Holdings Inc (NYSE:FND) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 26,605 shares of the company’s stock, valued at approximately $1,295,000.
Several other hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in Floor & Decor by 8.7% in the 4th quarter. Rhumbline Advisers now owns 19,686 shares of the company’s stock worth $958,000 after purchasing an additional 1,577 shares during the period. Brighton Jones LLC boosted its stake in Floor & Decor by 17.1% in 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. Thompson Davis & CO. Inc. bought a new position in Floor & Decor in the 4th quarter worth about $110,000. FNY Partners Fund LP bought a new position in Floor & Decor in the 3rd quarter worth about $116,000. Finally, First Mercantile Trust Co. boosted its stake in Floor & Decor by 86.2% in the 4th quarter. First Mercantile Trust Co. now owns 7,604 shares of the company’s stock worth $370,000 after purchasing an additional 3,521 shares during the period. Institutional investors own 89.13% of the company’s stock.
Several research analysts have commented on FND shares. Gordon Haskett started coverage on Floor & Decor in a research note on Thursday, February 15th. They issued an “accumulate” rating and a $50.00 target price for the company. Stifel Nicolaus started coverage on Floor & Decor in a research note on Wednesday, December 13th. They issued a “buy” rating and a $51.00 target price for the company. Zacks Investment Research upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Monday, November 6th. Jefferies Group raised their target price on Floor & Decor from $38.00 to $42.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Finally, Wells Fargo & Co restated a “hold” rating and issued a $42.00 target price on shares of Floor & Decor in a research note on Thursday, November 2nd. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $45.41.
Shares of Floor & Decor Holdings Inc (NYSE:FND) opened at $45.38 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.18 and a current ratio of 1.33. Floor & Decor Holdings Inc has a 12-month low of $29.37 and a 12-month high of $51.48.
In other news, CFO Trevor Lang sold 44,322 shares of Floor & Decor stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $50.00, for a total transaction of $2,216,100.00. Following the completion of the sale, the chief financial officer now owns 182,991 shares in the company, valued at approximately $9,149,550. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Brian K. Robbins sold 5,800 shares of Floor & Decor stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $45.00, for a total value of $261,000.00. Following the sale, the executive vice president now owns 8,441 shares of the company’s stock, valued at approximately $379,845. The disclosure for this sale can be found here. In the last quarter, insiders have sold 494,402 shares of company stock valued at $22,837,544.
About Floor & Decor
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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