Insider Selling: Floor & Decor Holdings, Inc. (NYSE:FND) CEO Sells $4,274,875.00 in Stock

Floor & Decor Holdings, Inc. (NYSE:FND) CEO Thomas V. Taylor sold 34,199 shares of Floor & Decor stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the completion of the transaction, the chief executive officer now directly owns 168,386 shares in the company, valued at $21,048,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Floor & Decor Price Performance

FND stock opened at $118.20 on Monday. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 57.10, a PEG ratio of 12.17 and a beta of 1.78. The company’s fifty day simple moving average is $115.14 and its 200 day simple moving average is $113.36. Floor & Decor Holdings, Inc. has a 12-month low of $76.30 and a 12-month high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the business earned $0.66 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. On average, analysts expect that Floor & Decor Holdings, Inc. will post 1.89 earnings per share for the current year.

Institutional Trading of Floor & Decor

Several large investors have recently modified their holdings of FND. Polen Capital Management LLC boosted its stake in Floor & Decor by 59,133.5% during the fourth quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock worth $27,861,000 after acquiring an additional 25,141,795 shares in the last quarter. Capital World Investors grew its stake in shares of Floor & Decor by 5.6% in the 4th quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock valued at $1,328,518,000 after buying an additional 627,256 shares during the period. Vanguard Group Inc. increased its position in Floor & Decor by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock valued at $1,262,506,000 after buying an additional 81,305 shares in the last quarter. Capital Research Global Investors raised its stake in Floor & Decor by 20.4% during the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after buying an additional 1,334,650 shares during the period. Finally, FMR LLC boosted its holdings in Floor & Decor by 13.1% in the third quarter. FMR LLC now owns 4,605,699 shares of the company’s stock worth $416,816,000 after acquiring an additional 531,891 shares in the last quarter.

Wall Street Analysts Forecast Growth

FND has been the topic of a number of research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $110.00 target price on shares of Floor & Decor in a report on Monday, April 29th. Truist Financial lifted their target price on Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. UBS Group dropped their target price on shares of Floor & Decor from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Wedbush reaffirmed an “outperform” rating and set a $125.00 price target on shares of Floor & Decor in a report on Friday, May 3rd. Finally, Mizuho lowered their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and an average target price of $109.24.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.