Ergoteles LLC Invests $241,000 in Floor & Decor Holdings, Inc. (NYSE:FND)
Ergoteles LLC acquired a new position in Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,428 shares of the company’s stock, valued at approximately $241,000.
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Other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Floor & Decor by 5.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,581 shares of the company’s stock worth $954,000 after acquiring an additional 675 shares in the last quarter. Trexquant Investment LP increased its position in shares of Floor & Decor by 99.9{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the second quarter. Trexquant Investment LP now owns 29,709 shares of the company’s stock worth $1,870,000 after acquiring an additional 14,844 shares in the last quarter. BMS Financial Advisors LLC increased its position in shares of Floor & Decor by 23.9{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the third quarter. BMS Financial Advisors LLC now owns 4,967 shares of the company’s stock worth $349,000 after acquiring an additional 957 shares in the last quarter. FORA Capital LLC purchased a new position in shares of Floor & Decor in the third quarter worth approximately $899,000. Finally, Parkwood LLC increased its position in shares of Floor & Decor by 6.8{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the third quarter. Parkwood LLC now owns 25,695 shares of the company’s stock worth $1,805,000 after acquiring an additional 1,636 shares in the last quarter.
Insider Transactions at Floor & Decor
In other news, Director Richard L. Sullivan sold 1,734 shares of the business’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $91.94, for a total value of $159,423.96. Following the completion of the sale, the director now directly owns 9,189 shares in the company, valued at $844,836.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Richard L. Sullivan sold 1,734 shares of the business’s stock in a transaction 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 transaction, the director now owns 9,189 shares of the company’s stock, valued at $844,836.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Victor Christopherson sold 4,000 shares of the business’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $92.00, for a total transaction of $368,000.00. Following the transaction, the executive vice president now directly owns 56,527 shares in the company, valued at approximately $5,200,484. The disclosure for this sale can be found here. 2.70{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Piper Sandler lifted their target price on shares of Floor & Decor from $66.00 to $86.00 in a research report on Wednesday, February 15th. Gordon Haskett cut shares of Floor & Decor from an “accumulate” rating to a “hold” rating and set a $90.00 price target for the company. in a report on Friday, February 10th. Robert W. Baird raised their price target on shares of Floor & Decor from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, February 24th. Sanford C. Bernstein initiated coverage on shares of Floor & Decor in a report on Tuesday, December 6th. They set an “outperform” rating and a $112.00 price target for the company. Finally, Credit Suisse Group initiated coverage on shares of Floor & Decor in a report on Monday, December 19th. They set a “neutral” rating and a $80.00 price target for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Floor & Decor currently has an average rating of “Hold” and a consensus target price of $94.06.
Floor & Decor Price Performance
Shares of Floor & Decor stock opened at $91.28 on Monday. The firm has a fifty day simple moving average of $86.93 and a 200-day simple moving average of $79.59. The company has a current ratio of 1.45, a quick ratio of 0.16 and a debt-to-equity ratio of 0.24. Floor & Decor Holdings, Inc. has a 1-year low of $59.91 and a 1-year high of $104.83. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 1.55 and a beta of 1.82.
Floor & Decor (NYSE:FND – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. Floor & Decor had a net margin of 6.99{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} and a return on equity of 19.35{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the company earned $0.44 earnings per share. Floor & Decor’s revenue for the quarter was up 14.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} on a year-over-year basis. On average, sell-side analysts expect that Floor & Decor Holdings, Inc. will post 2.74 earnings per share for the current year.
About Floor & Decor
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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