Floor & Decor Holdings, Inc. (NYSE:FND – Get Free Report) EVP Ersan Sayman sold 21,428 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $52.00, for a total transaction of $1,114,256.00. Following the transaction, the executive vice president directly owned 71,676 shares of the company’s stock, valued at $3,727,152. The trade was a 23.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Floor & Decor Price Performance
Shares of Floor & Decor stock opened at $51.45 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.44 and a current ratio of 1.32. The firm’s 50-day simple moving average is $47.48 and its 200-day simple moving average is $54.06. Floor & Decor Holdings, Inc. has a twelve month low of $42.64 and a twelve month high of $77.46. The firm has a market cap of $5.36 billion, a P/E ratio of 23.07 and a beta of 1.56.
Floor & Decor (NYSE:FND – Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Floor & Decor had a net margin of 5.05% and a return on equity of 8.40%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, research analysts expect that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on FND shares. Zacks Research lowered Floor & Decor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 27th. The Goldman Sachs Group cut Floor & Decor from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $53.00 to $38.00 in a report on Monday, November 2nd. Wall Street Zen upgraded Floor & Decor from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Morgan Stanley decreased their price target on Floor & Decor from $64.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Monday, November 2nd. Finally, Wells Fargo & Company lowered their price target on Floor & Decor from $55.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Floor & Decor has an average rating of “Reduce” and an average price target of $54.70.
View Our Latest Stock Analysis on FND
Institutional Investors Weigh In On Floor & Decor
Hedge funds have recently made changes to their positions in the company. Ieq Capital LLC acquired a new stake in shares of Floor & Decor during the third quarter worth approximately $215,000. Landscape Capital Management L.L.C. raised its stake in shares of Floor & Decor by 411.9% in the third quarter. Landscape Capital Management L.L.C. now owns 60,429 shares of the company’s stock valued at $2,768,000 after acquiring an additional 48,625 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Floor & Decor by 7.4% in the third quarter. Voya Investment Management LLC now owns 612,809 shares of the company’s stock valued at $28,073,000 after acquiring an additional 42,341 shares during the last quarter. Cibc World Market Inc. raised its stake in shares of Floor & Decor by 4.2% in the third quarter. Cibc World Market Inc. now owns 17,203 shares of the company’s stock valued at $788,000 after acquiring an additional 689 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Floor & Decor in the 3rd quarter worth approximately $320,000.
Floor & Decor Company Profile
Floor & Decor Holdings, Inc. is a specialty retailer of hard-surface flooring and related products. Its assortment includes tile, natural stone, wood, laminate and vinyl flooring, along with installation materials, tools and decorative accessories. The company serves both professional flooring contractors and homeowners through warehouse-format stores and online sales. Many stores also offer design services and product displays to help customers plan residential and commercial projects. Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor operates stores across the United States.
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