Federated Hermes Inc. decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 36.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 738,400 shares of the company’s stock after selling 427,700 shares during the quarter. Federated Hermes Inc. owned approximately 0.70% of Floor & Decor worth $51,880,000 at the end of the most recent reporting period.
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Other hedge funds have also added to or reduced their stakes in the company. Wipfli Financial Advisors LLC acquired a new stake in shares of Floor & Decor during the third quarter worth $25,000. PARK CIRCLE Co acquired a new stake in shares of Floor & Decor during the third quarter worth $28,000. Standard Family Office LLC acquired a new stake in shares of Floor & Decor during the third quarter worth $48,000. Canada Pension Plan Investment Board acquired a new stake in shares of Floor & Decor during the first quarter worth $57,000. Finally, CWM LLC lifted its holdings in shares of Floor & Decor by 88.9% during the third quarter. CWM LLC now owns 820 shares of the company’s stock worth $58,000 after buying an additional 386 shares in the last quarter.
Floor & Decor Stock Performance
Floor & Decor stock opened at $88.39 on Friday. Floor & Decor Holdings, Inc. has a 12-month low of $59.91 and a 12-month high of $104.83. The company has a quick ratio of 0.16, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $86.53 and its two-hundred day moving average price is $79.87. The stock has a market cap of $9.38 billion, a PE ratio of 31.91, a P/E/G ratio of 1.50 and a beta of 1.82.
Floor & Decor (NYSE:FND – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.06. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Floor & Decor had a return on equity of 19.35% and a net margin of 6.99%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share. As a group, analysts expect that Floor & Decor Holdings, Inc. will post 2.74 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Loop Capital lifted their target price on Floor & Decor from $65.00 to $82.00 and gave the stock a “hold” rating in a report on Monday. Piper Sandler lifted their target price on Floor & Decor from $66.00 to $86.00 in a report on Wednesday, February 15th. Barclays assumed coverage on Floor & Decor in a research report on Tuesday, February 7th. They issued an “underweight” rating and a $88.00 price target on the stock. Telsey Advisory Group decreased their price target on Floor & Decor from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Friday, February 24th. Finally, Roth Capital raised their price target on Floor & Decor from $72.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $94.06.
Insider Transactions at Floor & Decor
In other news, Director Richard L. Sullivan sold 1,734 shares of the business’s stock in a transaction dated Tuesday, February 28th. The stock was 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 in the company, valued at $844,836.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP David Victor Christopherson sold 4,000 shares of Floor & Decor stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $92.00, for a total value of $368,000.00. Following the transaction, the executive vice president now directly owns 56,527 shares of the company’s stock, valued at $5,200,484. The transaction was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $91.94, for a total value of $159,423.96. Following the completion of the transaction, the director now directly owns 9,189 shares in the company, valued at $844,836.66. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.
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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