Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Allspring Global Investments Holdings LLC
Allspring Global Investments Holdings LLC trimmed its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 39.3{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 479,432 shares of the company’s stock after selling 310,996 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.45{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of Floor & Decor worth $33,383,000 as of its most recent SEC filing.
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A number of other large investors also recently added to or reduced their stakes in FND. Cambridge Investment Research Advisors Inc. lifted its stake in Floor & Decor by 32.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,652 shares of the company’s stock worth $539,000 after purchasing an additional 1,619 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Floor & Decor by 28.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the first quarter. HighTower Advisors LLC now owns 13,092 shares of the company’s stock worth $1,062,000 after acquiring an additional 2,882 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Floor & Decor by 84.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the first quarter. PNC Financial Services Group Inc. now owns 9,055 shares of the company’s stock worth $733,000 after acquiring an additional 4,138 shares during the period. Bank of Montreal Can increased its position in shares of Floor & Decor by 4.3{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the first quarter. Bank of Montreal Can now owns 11,755 shares of the company’s stock worth $1,047,000 after acquiring an additional 490 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Floor & Decor by 273.9{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 789 shares of the company’s stock worth $64,000 after acquiring an additional 578 shares during the period.
Insider Activity at Floor & Decor
In related news, Director Richard L. Sullivan sold 1,734 shares of the firm’s stock in a transaction dated 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 owns 9,189 shares in the company, valued at $844,836.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Floor & Decor news, Director Richard L. Sullivan sold 1,734 shares of the stock in a transaction dated 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 transaction, the director now directly owns 9,189 shares of the company’s stock, valued at $844,836.66. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction, the executive vice president now directly owns 56,527 shares of the company’s stock, valued at $5,200,484. The disclosure for this sale can be found here. 2.70{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of the stock is owned by insiders.
Floor & Decor Price Performance
Shares of FND opened at $98.63 on Tuesday. Floor & Decor Holdings, Inc. has a fifty-two week low of $59.91 and a fifty-two week high of $102.61. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 35.61, a price-to-earnings-growth ratio of 1.66 and a beta of 1.82. The firm has a 50-day simple moving average of $92.59 and a 200-day simple moving average of $80.67. 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 (NYSE:FND – Get Rating) last announced its 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 business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. Floor & Decor had a net margin of 6.99{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} and a return on equity of 19.35{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}. The business’s quarterly revenue was up 14.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 earnings per share. On average, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 2.74 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on FND shares. Piper Sandler upped their price objective on Floor & Decor from $66.00 to $86.00 in a research report on Wednesday, February 15th. TheStreet raised Floor & Decor from a “c+” rating to a “b-” rating in a report on Monday, March 27th. Citigroup dropped their target price on Floor & Decor from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, March 3rd. Morgan Stanley increased their target price on Floor & Decor from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, February 24th. Finally, Gordon Haskett lowered Floor & Decor from an “accumulate” rating to a “hold” rating and set a $90.00 target price on the stock. in a report on Friday, February 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and an average target price of $91.59.
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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