Norman Axelrod Sells 34,000 Shares of Floor & Decor Holdings Inc (NYSE:FND) Stock

Floor & Decor Holdings Inc (NYSE:FND) Director Norman Axelrod sold 34,000 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $70.00, for a total value of $2,380,000.00. Following the completion of the transaction, the director now directly owns 40,862 shares in the company, valued at approximately $2,860,340. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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.
  • On Thursday, July 23rd, Norman Axelrod sold 34,000 shares of Floor & Decor stock. The shares were sold at an average price of $67.50, for a total transaction of $2,295,000.00.

Shares of NYSE FND opened at $65.90 on Friday. The company’s 50-day simple moving average is $58.89 and its 200-day simple moving average is $48.17. Floor & Decor Holdings Inc has a 52-week low of $24.36 and a 52-week high of $71.72. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 43.93, a price-to-earnings-growth ratio of 3.89 and a beta of 2.08. The company has a quick ratio of 0.71, a current ratio of 1.88 and a debt-to-equity ratio of 1.61.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.04. Floor & Decor had a net margin of 7.39% and a return on equity of 17.08%. The business had revenue of $462.35 million for the quarter, compared to analyst estimates of $414.31 million. Equities research analysts anticipate that Floor & Decor Holdings Inc will post 0.82 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co NY lifted its stake in shares of Floor & Decor by 18.3% in the first quarter. Metropolitan Life Insurance Co NY now owns 4,395 shares of the company’s stock worth $181,000 after buying an additional 680 shares in the last quarter. First Trust Advisors LP purchased a new position in Floor & Decor during the first quarter worth about $2,060,000. Oxford Asset Management LLP purchased a new position in Floor & Decor during the fourth quarter worth about $266,000. Public Sector Pension Investment Board purchased a new position in Floor & Decor during the fourth quarter worth about $910,000. Finally, UBS Asset Management Americas Inc. raised its stake in Floor & Decor by 7.0% during the fourth quarter. UBS Asset Management Americas Inc. now owns 95,498 shares of the company’s stock worth $4,852,000 after purchasing an additional 6,216 shares during the period.

A number of research analysts have issued reports on the stock. Piper Sandler decreased their price target on shares of Floor & Decor from $58.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Gordon Haskett cut shares of Floor & Decor from an “accumulate” rating to a “hold” rating in a report on Wednesday, April 22nd. UBS Group raised their target price on shares of Floor & Decor from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Friday. Loop Capital reduced their target price on shares of Floor & Decor from $56.00 to $40.00 in a report on Monday, April 27th. Finally, Stifel Nicolaus raised their target price on shares of Floor & Decor from $30.00 to $44.00 and gave the stock a “hold” rating in a report on Friday, May 1st. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Floor & Decor currently has a consensus rating of “Buy” and a consensus target price of $59.74.

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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