Insider Selling: Floor & Decor Holdings Inc (NYSE:FND) Director Sells $2,295,000.00 in Stock

Floor & Decor Holdings Inc (NYSE:FND) Director Norman Axelrod sold 34,000 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $67.50, for a total transaction of $2,295,000.00. Following the transaction, the director now owns 17,772 shares of the company’s stock, valued at $1,199,610. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Norman Axelrod also recently made the following trade(s):

  • On Tuesday, July 21st, Norman Axelrod sold 10,910 shares of Floor & Decor stock. The shares were sold at an average price of $62.50, for a total transaction of $681,875.00.

The company has a market capitalization of $6.82 billion, a P/E ratio of 54.99, a price-to-earnings-growth ratio of 3.75 and a beta of 2.08. The company’s 50 day moving average price is $57.74 and its 200-day moving average price is $47.77. The company has a current ratio of 1.88, a quick ratio of 0.71 and a debt-to-equity ratio of 1.61. Floor & Decor Holdings Inc has a one year low of $24.36 and a one year high of $67.98.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.25 by $0.09. The firm had revenue of $554.94 million during the quarter, compared to the consensus estimate of $537.33 million. Floor & Decor had a net margin of 7.39% and a return on equity of 17.08%. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 earnings per share. As a group, equities research analysts expect that Floor & Decor Holdings Inc will post 0.81 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Strs Ohio raised its stake in shares of Floor & Decor by 72.3% during the second quarter. Strs Ohio now owns 14,511 shares of the company’s stock valued at $836,000 after acquiring an additional 6,089 shares during the last quarter. Hodges Capital Management Inc. bought a new position in shares of Floor & Decor during the second quarter valued at about $3,330,000. SG Americas Securities LLC bought a new position in Floor & Decor in the second quarter worth about $224,000. Grassi Investment Management bought a new position in Floor & Decor in the second quarter worth about $706,000. Finally, Scout Investments Inc. raised its stake in Floor & Decor by 17.6% in the second quarter. Scout Investments Inc. now owns 968,468 shares of the company’s stock worth $55,832,000 after buying an additional 145,196 shares in the last quarter.

FND has been the subject of a number of recent analyst reports. Robert W. Baird boosted their price target on shares of Floor & Decor from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Zacks Investment Research upgraded shares of Floor & Decor from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Telsey Advisory Group upped their target price on shares of Floor & Decor from $35.00 to $47.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. Credit Suisse Group cut their target price on shares of Floor & Decor from $61.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. Finally, TheStreet upgraded shares of Floor & Decor from a “c+” rating to a “b-” rating in a research report on Thursday, June 4th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Floor & Decor presently has an average rating of “Buy” and a consensus target price of $54.16.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

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Insider Buying and Selling by Quarter for Floor & Decor (NYSE:FND)

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