VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 24,800 shares of the company’s stock, valued at approximately $1,510,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of Floor & Decor in the third quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. increased its stake in 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 acquiring an additional 247 shares during the last quarter. State of Wyoming acquired a new stake in Floor & Decor during the second quarter worth $46,000. eCIO Inc. acquired a new stake in Floor & Decor during the fourth quarter worth $41,000. Finally, Bank of Jackson Hole Trust increased its stake in Floor & Decor by 37.7% during the third quarter. Bank of Jackson Hole Trust now owns 679 shares of the company’s stock worth $50,000 after acquiring an additional 186 shares during the last quarter.
Floor & Decor Stock Down 4.9%
FND opened at $43.52 on Friday. The business has a 50 day moving average price of $51.88 and a two-hundred day moving average price of $60.98. The company has a market cap of $4.69 billion, a PE ratio of 23.65, a P/E/G ratio of 3.94 and a beta of 1.63. Floor & Decor Holdings, Inc. has a 52 week low of $43.33 and a 52 week high of $92.40.
Insider Buying and Selling at Floor & Decor
In related news, CFO Bryan Langley acquired 2,500 shares of Floor & Decor stock in a transaction on Monday, May 4th. The stock was purchased at an average cost of $48.69 per share, with a total value of $121,725.00. Following the purchase, the chief financial officer directly owned 42,016 shares in the company, valued at approximately $2,045,759.04. The trade was a 6.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bradley Paulsen bought 5,000 shares of the company’s stock in a transaction on Monday, May 4th. The shares were acquired at an average price of $50.25 per share, for a total transaction of $251,250.00. Following the transaction, the chief executive officer directly owned 85,010 shares in the company, valued at $4,271,752.50. This trade represents a 6.25% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.80% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
FND has been the subject of a number of research reports. Zacks Research cut Floor & Decor from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Guggenheim lowered their target price on Floor & Decor from $90.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Barclays lowered their target price on Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. Evercore set a $51.00 price target on Floor & Decor in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. decreased their price target on Floor & Decor from $78.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and a consensus target price of $59.17.
Read Our Latest Report on Floor & Decor
Floor & Decor Profile
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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