Summit Creek Advisors LLC acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 60,135 shares of the company’s stock, valued at approximately $3,570,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in FND. Advisory Services Network LLC acquired a new position in shares of Floor & Decor during the third quarter worth $26,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Floor & Decor by 207.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock worth $27,000 after purchasing an additional 247 shares during the period. Summit Securities Group LLC bought a new position in Floor & Decor during the 1st quarter worth $31,000. Clearstead Advisors LLC increased its stake in shares of Floor & Decor by 215.7% in the fourth quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after buying an additional 384 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Floor & Decor in the fourth quarter worth approximately $34,000.
Floor & Decor Trading Down 0.8%
NYSE:FND opened at $56.19 on Wednesday. Floor & Decor Holdings, Inc. has a 12 month low of $42.64 and a 12 month high of $92.40. The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 4.75 and a beta of 1.57. The firm has a fifty day simple moving average of $56.30 and a two-hundred day simple moving average of $55.92.
Insider Buying and Selling
In related news, insider Thomas V. Taylor sold 218,189 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $62.30, for a total transaction of $13,593,174.70. Following the transaction, the insider directly owned 229,820 shares of the company’s stock, valued at approximately $14,317,786. This represents a 48.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of brokerages have commented on FND. Piper Sandler upped their price target on shares of Floor & Decor from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Zacks Research raised Floor & Decor from a “strong sell” rating to a “hold” rating in a research note on Friday, July 3rd. The Goldman Sachs Group set a $53.00 target price on Floor & Decor in a research report on Saturday, August 1st. Wolfe Research reaffirmed an “underperform” rating and set a $41.00 target price on shares of Floor & Decor in a research note on Tuesday, July 21st. Finally, TD Cowen reiterated a “hold” rating on shares of Floor & Decor in a report on Monday, August 3rd. Five analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and a consensus target price of $59.42.
View Our Latest Analysis on Floor & Decor
About Floor & Decor
Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.
Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.
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