Centaurus Financial Inc. raised its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,215 shares of the company’s stock after buying an additional 2,579 shares during the period. Floor & Decor comprises about 1.3% of Centaurus Financial Inc.’s holdings, making the stock its 7th largest holding. Centaurus Financial Inc. owned about 0.18% of Floor & Decor worth $13,716,000 at the end of the most recent reporting period.
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A number of other hedge funds and other institutional investors have also recently bought and sold shares of FND. Wipfli Financial Advisors LLC acquired a new stake in Floor & Decor in the 3rd quarter valued at $25,000. PARK CIRCLE Co acquired a new position in shares of Floor & Decor during the third quarter valued at approximately $28,000. FourThought Financial LLC increased its stake in shares of Floor & Decor by 47.9% during the third quarter. FourThought Financial LLC now owns 463 shares of the company’s stock valued at $33,000 after acquiring an additional 150 shares during the period. Standard Family Office LLC acquired a new position in Floor & Decor in the third quarter worth approximately $48,000. Finally, Canada Pension Plan Investment Board acquired a new position in Floor & Decor in the 1st quarter worth approximately $57,000.
Floor & Decor Trading Down 1.3 %
Shares of FND stock traded down $1.19 on Wednesday, hitting $87.79. 360,972 shares of the company’s stock traded hands, compared to its average volume of 1,598,750. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.16 and a current ratio of 1.45. Floor & Decor Holdings, Inc. has a one year low of $59.91 and a one year high of $104.83. The company’s fifty day simple moving average is $89.42 and its 200 day simple moving average is $79.52. The stock has a market capitalization of $9.32 billion, a price-to-earnings ratio of 31.99, a P/E/G ratio of 1.47 and a beta of 1.82.
Floor & Decor (NYSE:FND – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.06. Floor & Decor had a net margin of 6.99% and a return on equity of 19.35%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the business earned $0.44 EPS. Floor & Decor’s quarterly revenue was up 14.6% compared to the same quarter last year. Equities analysts forecast that Floor & Decor Holdings, Inc. will post 2.74 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms recently issued reports on FND. Citigroup reduced their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, March 3rd. Guggenheim reiterated a “buy” rating and issued a $100.00 target price on shares of Floor & Decor in a report on Wednesday. Roth Capital lifted their target price on shares of Floor & Decor from $72.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, February 27th. Barclays initiated coverage on shares of Floor & Decor in a report on Tuesday, February 7th. They issued an “underweight” rating and a $88.00 target price on the stock. Finally, Robert W. Baird boosted their price objective 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $94.61.
Insider Transactions at Floor & Decor
In other Floor & Decor news, EVP David Victor Christopherson sold 4,000 shares of the stock in a transaction dated 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 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 accessible through this link. In other news, Director Richard L. Sullivan sold 1,734 shares of Floor & Decor stock in a transaction 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 transaction, the director now owns 9,189 shares in the company, valued at approximately $844,836.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP David Victor Christopherson sold 4,000 shares of Floor & Decor stock in a transaction 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 owns 56,527 shares in the company, valued at approximately $5,200,484. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.
Floor & Decor 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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