Maryland State Retirement & Pension System purchased a new position in Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,753 shares of the company’s stock, valued at approximately $540,000.
→ Bear market expert makes new prediction (From Legacy Research)
Several other large investors have also recently made changes to their positions in the stock. Fenimore Asset Management Inc. increased its position in Floor & Decor by 6.0% during the 4th quarter. Fenimore Asset Management Inc. now owns 156,489 shares of the company’s stock valued at $10,896,000 after buying an additional 8,892 shares in the last quarter. Wedmont Private Capital purchased a new stake in shares of Floor & Decor in the fourth quarter worth about $617,000. Massmutual Trust Co. FSB ADV boosted its position in Floor & Decor by 6.1% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 3,973 shares of the company’s stock worth $277,000 after purchasing an additional 229 shares in the last quarter. Centaurus Financial Inc. boosted its position in Floor & Decor by 1.3% during the third quarter. Centaurus Financial Inc. now owns 195,215 shares of the company’s stock worth $13,716,000 after purchasing an additional 2,579 shares in the last quarter. Finally, Bridgefront Capital LLC purchased a new position in Floor & Decor during the third quarter worth approximately $352,000.
Floor & Decor Trading Up 3.7 %
Shares of Floor & Decor stock opened at $98.22 on Friday. 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 has a market cap of $10.43 billion, a PE ratio of 35.46, a price-to-earnings-growth ratio of 1.60 and a beta of 1.82. The company has a 50-day moving average of $92.36 and a two-hundred day moving average of $80.54.
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% and a return on equity of 19.35%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the company posted $0.44 EPS. The company’s revenue was up 14.6% on a year-over-year basis. On average, research analysts anticipate that Floor & Decor Holdings, Inc. will post 2.74 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Richard L. Sullivan sold 1,734 shares of the firm’s 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 owns 9,189 shares in the company, valued at $844,836.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Floor & Decor news, EVP David Victor Christopherson sold 4,000 shares of Floor & Decor stock in a transaction on Tuesday, February 28th. The shares were 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard L. Sullivan sold 1,734 shares of Floor & Decor 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 completion of the transaction, the director now owns 9,189 shares in the company, valued at approximately $844,836.66. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.
Analyst Ratings Changes
FND has been the topic of a number of recent analyst reports. Telsey Advisory Group lowered 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. Guggenheim restated a “buy” rating and issued a $100.00 target price on shares of Floor & Decor in a research report on Wednesday, March 15th. Sanford C. Bernstein started coverage on Floor & Decor in a research note on Tuesday, December 6th. They issued an “outperform” rating and a $112.00 target price for the company. Citigroup dropped their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a “buy” rating for the company in a report on Friday, March 3rd. Finally, Barclays assumed coverage on shares of Floor & Decor in a report on Tuesday, February 7th. They issued an “underweight” rating and a $88.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $91.59.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Floor & Decor, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Floor & Decor wasn’t on the list.
While Floor & Decor currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here