Insider Selling: Floor & Decor Holdings Inc (NYSE:FND) President Sells $1,896,000.00 in Stock

Floor & Decor Holdings Inc (NYSE:FND) President Lisa Laube sold 24,000 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $79.00, for a total value of $1,896,000.00. Following the transaction, the president now owns 136,297 shares in the company, valued at $10,767,463. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Lisa Laube also recently made the following trade(s):

  • On Wednesday, September 23rd, Lisa Laube sold 16,000 shares of Floor & Decor stock. The stock was sold at an average price of $74.50, for a total value of $1,192,000.00.
  • On Thursday, August 13th, Lisa Laube sold 40,000 shares of Floor & Decor stock. The stock was sold at an average price of $67.30, for a total value of $2,692,000.00.

Shares of NYSE:FND opened at $85.25 on Friday. The company has a market cap of $8.82 billion, a P/E ratio of 61.78, a P/E/G ratio of 2.88 and a beta of 2.01. The company has a quick ratio of 0.44, a current ratio of 1.56 and a debt-to-equity ratio of 0.24. Floor & Decor Holdings Inc has a 52 week low of $24.36 and a 52 week high of $86.37. The business has a fifty day simple moving average of $74.48 and a 200-day simple moving average of $57.36.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.04. Floor & Decor had a return on equity of 13.31% and a net margin of 7.04%. The business had revenue of $462.35 million during the quarter, compared to the consensus estimate of $414.31 million. Sell-side analysts expect that Floor & Decor Holdings Inc will post 1.19 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of FND. Dragoneer Investment Group LLC purchased a new stake in Floor & Decor during the second quarter valued at about $90,531,000. Vanguard Group Inc. grew its position in Floor & Decor by 11.0% during the second quarter. Vanguard Group Inc. now owns 7,948,503 shares of the company’s stock valued at $458,230,000 after acquiring an additional 785,012 shares during the period. Balyasny Asset Management LLC purchased a new stake in Floor & Decor during the second quarter valued at about $32,060,000. Fort Washington Investment Advisors Inc. OH purchased a new stake in Floor & Decor during the second quarter valued at about $31,069,000. Finally, Capital World Investors grew its position in Floor & Decor by 5.1% during the first quarter. Capital World Investors now owns 10,815,510 shares of the company’s stock valued at $347,070,000 after acquiring an additional 528,135 shares during the period.

A number of research firms have issued reports on FND. BofA Securities raised Floor & Decor from a “neutral” rating to a “buy” rating and increased their price target for the company from $59.00 to $77.00 in a research report on Monday, August 3rd. Telsey Advisory Group increased their price target on Floor & Decor from $58.00 to $70.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. Morgan Stanley increased their price target on Floor & Decor from $28.00 to $70.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Guggenheim raised their target price on Floor & Decor from $60.00 to $65.00 in a research report on Tuesday, June 23rd. Finally, Zacks Investment Research lowered Floor & Decor from a “buy” rating to a “hold” rating in a research report on Monday, October 12th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $72.76.

About Floor & Decor

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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