Advisor Group Holdings Inc. Grows Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)


Advisor Group Holdings Inc. boosted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FNDGet Rating) by 2.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 40,293 shares of the company’s stock after buying an additional 840 shares during the period. Advisor Group Holdings Inc.’s holdings in Floor & Decor were worth $2,903,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Confluence Wealth Services Inc. purchased a new stake in Floor & Decor in the fourth quarter worth $30,000. Ellevest Inc. grew its position in shares of Floor & Decor by 40.5% during the 1st quarter. Ellevest Inc. now owns 617 shares of the company’s stock worth $50,000 after buying an additional 178 shares in the last quarter. Hardy Reed LLC bought a new position in shares of Floor & Decor during the 1st quarter worth $85,000. Sageworth Trust Co of South Dakota bought a new position in shares of Floor & Decor during the 4th quarter worth $138,000. Finally, Signaturefd LLC grew its position in shares of Floor & Decor by 14.9% during the 1st quarter. Signaturefd LLC now owns 1,157 shares of the company’s stock worth $94,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Floor & Decor Trading Up 5.5 %

Shares of NYSE:FND opened at $94.03 on Friday. Floor & Decor Holdings, Inc. has a 52-week low of $59.91 and a 52-week high of $145.89. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.37 and a beta of 1.85. The company has a quick ratio of 0.14, a current ratio of 1.26 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $74.33 and a 200-day moving average price of $83.34.

Floor & Decor (NYSE:FNDGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Floor & Decor had a return on equity of 19.25% and a net margin of 7.09%. Floor & Decor’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period last year, the business earned $0.73 earnings per share. Equities analysts predict that Floor & Decor Holdings, Inc. will post 2.71 EPS for the current year.

Insider Activity at Floor & Decor

In related news, EVP Steven Alan Denny sold 6,028 shares of Floor & Decor stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $95.10, for a total transaction of $573,262.80. Following the completion of the transaction, the executive vice president now directly owns 4,477 shares in the company, valued at $425,762.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FND has been the topic of a number of recent research reports. Piper Sandler downgraded Floor & Decor from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $103.00 to $75.00 in a research report on Friday, July 29th. The Goldman Sachs Group downgraded Floor & Decor from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $109.00 to $64.00 in a research report on Monday, June 27th. Morgan Stanley dropped their price objective on Floor & Decor from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, August 8th. Robert W. Baird dropped their price objective on Floor & Decor from $130.00 to $110.00 in a research report on Monday, May 2nd. Finally, Wells Fargo & Company decreased their price target on Floor & Decor from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday, June 8th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $104.71.

Floor & Decor Company Profile

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Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company’s stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.

See Also

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



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