Floor & Decor Holdings Inc (FND) Holdings Lowered by Macquarie Group Ltd.

Macquarie Group Ltd. lowered its position in shares of Floor & Decor Holdings Inc (NYSE:FND) by 43.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,053 shares of the company’s stock after selling 7,622 shares during the quarter. Macquarie Group Ltd.’s holdings in Floor & Decor were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in shares of Floor & Decor by 266.9% during the 3rd quarter. Renaissance Technologies LLC now owns 383,800 shares of the company’s stock worth $11,579,000 after buying an additional 279,200 shares in the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of Floor & Decor by 13.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 288,267 shares of the company’s stock worth $7,466,000 after buying an additional 33,518 shares in the last quarter. Madison Investment Holdings Inc. bought a new position in shares of Floor & Decor during the 4th quarter worth approximately $21,106,000. Vanguard Group Inc. lifted its position in shares of Floor & Decor by 24.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,502,767 shares of the company’s stock worth $135,848,000 after buying an additional 887,822 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Floor & Decor during the 3rd quarter worth approximately $463,000.

NYSE:FND opened at $46.01 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 0.22 and a debt-to-equity ratio of 0.24. Floor & Decor Holdings Inc has a 12 month low of $23.30 and a 12 month high of $57.85. The company has a market capitalization of $4.55 billion, a P/E ratio of 47.95, a P/E/G ratio of 1.78 and a beta of 1.69.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, February 21st. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. Floor & Decor had a net margin of 6.80% and a return on equity of 18.70%. The business had revenue of $436.70 million for the quarter, compared to analysts’ expectations of $435.66 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, sell-side analysts expect that Floor & Decor Holdings Inc will post 1.1 EPS for the current year.

In other Floor & Decor news, Director George Vincent West sold 20,000 shares of the business’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of $33.01, for a total transaction of $660,200.00. Following the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $660,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Norman Axelrod sold 100,000 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $45.00, for a total transaction of $4,500,000.00. Following the sale, the chairman now directly owns 80,128 shares in the company, valued at approximately $3,605,760. The disclosure for this sale can be found here. Insiders have sold a total of 6,958,252 shares of company stock worth $261,481,778 in the last three months. Insiders own 7.00% of the company’s stock.

Several research firms have commented on FND. Longbow Research cut shares of Floor & Decor from a “buy” rating to a “neutral” rating and set a $46.51 target price on the stock. in a research report on Monday. Telsey Advisory Group cut shares of Floor & Decor from an “outperform” rating to a “market perform” rating and set a $44.00 target price on the stock. in a research report on Monday, April 8th. Loop Capital cut shares of Floor & Decor from a “buy” rating to a “hold” rating and set a $43.00 price target on the stock. in a report on Friday, April 5th. They noted that the move was a valuation call. Gordon Haskett raised shares of Floor & Decor from a “hold” rating to an “accumulate” rating in a report on Thursday, March 21st. Finally, Evercore ISI assumed coverage on shares of Floor & Decor in a report on Wednesday, March 20th. They issued an “in-line” rating and a $42.00 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $41.77.

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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, 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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Institutional Ownership by Quarter for Floor & Decor (NYSE:FND)

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