Floor & Decor Holdings, Inc. (NYSE:FND) Director George Vincent West Sells 100,000 Shares

Floor & Decor Holdings, Inc. (NYSE:FND) Director George Vincent West sold 100,000 shares of the firm’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $100.00, for a total transaction of $10,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

FND opened at $101.49 on Thursday. The company has a quick ratio of 0.61, a current ratio of 1.57 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $96.05 and its 200 day moving average price is $89.90. Floor & Decor Holdings, Inc. has a fifty-two week low of $31.55 and a fifty-two week high of $108.54. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of 61.88, a price-to-earnings-growth ratio of 2.13 and a beta of 1.90.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, February 25th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.03. The business had revenue of $723.65 million during the quarter, compared to analyst estimates of $694.71 million. Floor & Decor had a return on equity of 16.23% and a net margin of 7.77%. Research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.46 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY lifted its position in 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 purchasing an additional 680 shares during the period. First Trust Advisors LP purchased a new stake in Floor & Decor in the 1st quarter worth about $2,060,000. Great West Life Assurance Co. Can boosted its holdings in shares of Floor & Decor by 164.2% during the third quarter. Great West Life Assurance Co. Can now owns 14,560 shares of the company’s stock worth $155,000 after purchasing an additional 9,049 shares during the period. Guggenheim Capital LLC acquired a new position in shares of Floor & Decor in the third quarter worth $223,000. Finally, UBS Asset Management Americas Inc. grew its stake in shares of Floor & Decor by 9.6% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 115,799 shares of the company’s stock valued at $8,662,000 after buying an additional 10,126 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

A number of equities research analysts recently issued reports on FND shares. Morgan Stanley upped their target price on Floor & Decor from $77.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 20th. The Goldman Sachs Group raised shares of Floor & Decor from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $74.00 to $105.00 in a research report on Thursday, December 10th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on Floor & Decor in a research report on Monday, March 15th. They issued a “buy” rating and a $107.00 price objective for the company. Piper Sandler raised Floor & Decor from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $80.00 to $124.00 in a research note on Thursday, February 25th. Finally, Citigroup assumed coverage on shares of Floor & Decor in a report on Monday, March 15th. They set a “buy” rating and a $107.00 price objective on the stock. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Floor & Decor currently has a consensus rating of “Buy” and an average price target of $92.43.

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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