Mutual of America Capital Management LLC Reduces Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Mutual of America Capital Management LLC trimmed its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,499 shares of the company’s stock after selling 2,334 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Floor & Decor were worth $8,231,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in FND. Polen Capital Management LLC raised its stake in shares of Floor & Decor by 59,133.5% in the fourth quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock valued at $27,861,000 after acquiring an additional 25,141,795 shares during the period. Capital World Investors raised its position in Floor & Decor by 5.6% in the 4th quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock worth $1,328,518,000 after purchasing an additional 627,256 shares during the period. Vanguard Group Inc. lifted its stake in Floor & Decor by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 9,658,747 shares of the company’s stock worth $1,077,530,000 after purchasing an additional 300,506 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Floor & Decor by 4.8% during the fourth quarter. Capital Research Global Investors now owns 6,537,191 shares of the company’s stock valued at $729,327,000 after buying an additional 298,386 shares during the period. Finally, WCM Investment Management LLC grew its stake in shares of Floor & Decor by 1.0% during the fourth quarter. WCM Investment Management LLC now owns 4,521,719 shares of the company’s stock valued at $514,979,000 after buying an additional 46,964 shares during the last quarter.

Insiders Place Their Bets

In related news, CEO Thomas V. Taylor sold 34,199 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total value of $4,274,875.00. Following the sale, the chief executive officer now owns 168,386 shares in the company, valued at approximately $21,048,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the completion of the transaction, the chief executive officer now owns 168,386 shares of the company’s stock, valued at $21,048,250. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Steven Alan Denny sold 1,010 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $123.11, for a total transaction of $124,341.10. Following the sale, the executive vice president now directly owns 12,911 shares in the company, valued at $1,589,473.21. The disclosure for this sale can be found here. Insiders have sold 41,778 shares of company stock worth $5,182,791 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FND. Bank of America raised their price target on Floor & Decor from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Mizuho lowered their target price on shares of Floor & Decor from $115.00 to $110.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. UBS Group cut their price target on shares of Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Piper Sandler lifted their price objective on shares of Floor & Decor from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Finally, Evercore ISI dropped their target price on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $108.62.

Floor & Decor Trading Down 1.0 %

Shares of NYSE:FND traded down $0.97 during midday trading on Monday, reaching $92.22. 3,007,246 shares of the company’s stock were exchanged, compared to its average volume of 1,378,851. The firm’s 50 day simple moving average is $113.08 and its two-hundred day simple moving average is $113.51. Floor & Decor Holdings, Inc. has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 44.55, a P/E/G ratio of 9.60 and a beta of 1.73.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business earned $0.66 earnings per share. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 1.89 EPS for the current fiscal year.

Floor & Decor Company Profile

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.