Wedmont Private Capital Makes New $617,000 Investment in Floor & Decor Holdings, Inc. (NYSE:FND)
Wedmont Private Capital purchased a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,004 shares of the company’s stock, valued at approximately $617,000.
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A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in shares of Floor & Decor by 49.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 10,278,459 shares of the company’s stock worth $722,165,000 after buying an additional 3,408,017 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Floor & Decor by 0.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the 3rd quarter. Vanguard Group Inc. now owns 9,098,053 shares of the company’s stock worth $639,229,000 after purchasing an additional 56,747 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Floor & Decor by 0.8{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the 1st quarter. BlackRock Inc. now owns 6,580,259 shares of the company’s stock worth $533,001,000 after purchasing an additional 55,279 shares in the last quarter. Abdiel Capital Advisors LP raised its holdings in shares of Floor & Decor by 1.5{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the 2nd quarter. Abdiel Capital Advisors LP now owns 4,348,584 shares of the company’s stock worth $273,787,000 after purchasing an additional 64,814 shares in the last quarter. Finally, WCM Investment Management LLC raised its holdings in shares of Floor & Decor by 44.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the 3rd quarter. WCM Investment Management LLC now owns 4,317,473 shares of the company’s stock worth $307,188,000 after purchasing an additional 1,324,188 shares in the last quarter.
Wall Street Analysts Forecast Growth
FND has been the topic of a number of research reports. Sanford C. Bernstein initiated coverage on shares of Floor & Decor in a report on Tuesday, December 6th. They issued an “outperform” rating and a $112.00 target price on the stock. Robert W. Baird boosted their target price 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. Gordon Haskett downgraded shares of 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. Roth Capital boosted 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. Finally, Credit Suisse Group assumed coverage on shares of Floor & Decor in a research report on Monday, December 19th. They issued a “neutral” rating and a $80.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine 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 a consensus price target of $94.61.
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, EVP David Victor Christopherson sold 4,000 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $5,200,484. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard L. Sullivan sold 1,734 shares of the company’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 disclosure for this sale can be found here. 2.70{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of the stock is owned by corporate insiders.
Floor & Decor Stock Performance
FND stock opened at $90.58 on Friday. 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 company has a market capitalization of $9.62 billion, a price-to-earnings ratio of 32.70, a P/E/G ratio of 1.51 and a beta of 1.82. Floor & Decor Holdings, Inc. has a 12 month low of $59.91 and a 12 month high of $104.83. The firm has a 50 day moving average of $89.68 and a two-hundred day moving average of $79.58.
Floor & Decor (NYSE:FND – Get Rating) last posted its earnings results on Thursday, February 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The company’s revenue for the quarter was up 14.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} compared to the same quarter last year. As a group, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2.74 EPS for the current fiscal 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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