Baskin Financial Services Inc. Sells 10,449 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)
Baskin Financial Services Inc. decreased its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 4.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 215,175 shares of the company’s stock after selling 10,449 shares during the period. Floor & Decor makes up 1.7{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of Baskin Financial Services Inc.’s investment portfolio, making the stock its 27th largest holding. Baskin Financial Services Inc. owned approximately 0.20{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of Floor & Decor worth $14,983,000 as of its most recent filing with the Securities and Exchange Commission.
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Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wipfli Financial Advisors LLC purchased a new stake in shares of Floor & Decor in the 3rd quarter worth about $25,000. PARK CIRCLE Co bought a new position in shares of Floor & Decor during the 3rd quarter valued at $28,000. FourThought Financial LLC lifted its holdings in shares of Floor & Decor by 47.9{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the 3rd quarter. FourThought Financial LLC now owns 463 shares of the company’s stock valued at $33,000 after buying an additional 150 shares during the period. Standard Family Office LLC bought a new position in shares of Floor & Decor during the 3rd quarter valued at $48,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Floor & Decor in the 1st quarter worth $57,000.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on FND. Sanford C. Bernstein began coverage on Floor & Decor in a research note on Tuesday, December 6th. They issued an “outperform” rating and a $112.00 price objective for the company. Roth Capital upped their price objective on Floor & Decor from $72.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday, February 27th. Gordon Haskett lowered Floor & Decor from an “accumulate” rating to a “hold” rating and set a $90.00 price objective for the company. in a research note on Friday, February 10th. Guggenheim reiterated a “buy” rating and issued a $100.00 price target on shares of Floor & Decor in a research note on Wednesday, March 15th. Finally, Robert W. Baird increased their price target on Floor & Decor from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and a consensus price target of $91.59.
Insider Buying and Selling at Floor & Decor
In other Floor & Decor news, Director Richard L. Sullivan sold 1,734 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $91.94, for a total transaction of $159,423.96. Following the completion of the transaction, the director now owns 9,189 shares in the company, valued at $844,836.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP David Victor Christopherson sold 4,000 shares of Floor & Decor stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $92.00, for a total transaction of $368,000.00. Following the completion of the sale, the executive vice president now owns 56,527 shares of the company’s stock, valued at $5,200,484. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard L. Sullivan sold 1,734 shares of Floor & Decor stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $91.94, for a total transaction of $159,423.96. Following the sale, the director now directly owns 9,189 shares of the company’s stock, valued at approximately $844,836.66. The disclosure for this sale can be found here. Company insiders own 2.70{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of the company’s stock.
Floor & Decor Trading Up 0.3 {a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}
Shares of FND stock opened at $94.70 on Friday. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 1.58 and a beta of 1.82. Floor & Decor Holdings, Inc. has a 12-month low of $59.91 and a 12-month high of $102.61. The company has a current ratio of 1.45, a quick ratio of 0.16 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average price is $92.07 and its 200-day moving average price is $80.46.
Floor & Decor (NYSE:FND – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.58 by $0.06. Floor & Decor had a return on equity of 19.35{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} and a net margin of 6.99{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business posted $0.44 earnings per share. The firm’s revenue was up 14.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} on a year-over-year basis. Equities research analysts predict that Floor & Decor Holdings, Inc. will post 2.74 EPS for the current fiscal year.
Floor & Decor Company Profile
Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.
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