Floor & Decor Holdings, Inc. (NYSE:FND) Stock Position Raised by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,269 shares of the company’s stock after purchasing an additional 1,220 shares during the period. Texas Permanent School Fund Corp owned 0.09% of Floor & Decor worth $12,090,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Riverview Trust Co acquired a new position in shares of Floor & Decor during the 1st quarter valued at about $26,000. Mendota Financial Group LLC acquired a new stake in Floor & Decor in the 4th quarter valued at $33,000. Rise Advisors LLC acquired a new stake in Floor & Decor in the 1st quarter valued at $39,000. Global Retirement Partners LLC boosted its stake in Floor & Decor by 97.1% in the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock valued at $44,000 after buying an additional 167 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Floor & Decor in the 4th quarter valued at $53,000.

Insiders Place Their Bets

In related news, Director Peter Starrett sold 1,569 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $122.61, for a total transaction of $192,375.09. Following the completion of the transaction, the director now directly owns 118,620 shares in the company, valued at $14,543,998.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Steven Alan Denny sold 1,010 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $123.11, for a total transaction of $124,341.10. Following the completion of the transaction, the executive vice president now directly owns 12,911 shares in the company, valued at $1,589,473.21. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Peter Starrett sold 1,569 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $122.61, for a total value of $192,375.09. Following the transaction, the director now owns 118,620 shares of the company’s stock, valued at $14,543,998.20. The disclosure for this sale can be found here. Insiders sold 41,778 shares of company stock worth $5,182,791 over the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

Floor & Decor Trading Up 0.8 %

NYSE FND traded up $0.74 on Friday, reaching $96.71. The company had a trading volume of 62,887 shares, compared to its average volume of 1,407,793. The stock’s 50 day moving average is $111.98 and its 200-day moving average is $113.06. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of 46.36, a PEG ratio of 9.40 and a beta of 1.73. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the company earned $0.66 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts predict that Floor & Decor Holdings, Inc. will post 1.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

FND has been the topic of several recent analyst reports. Piper Sandler boosted their price target on Floor & Decor from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. UBS Group reduced their price objective on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Mizuho reduced their price objective on Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Evercore ISI reduced their price objective on 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. Finally, Robert W. Baird reissued an “outperform” rating and issued a $127.00 price objective on shares of Floor & Decor in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Floor & Decor presently has an average rating of “Hold” and a consensus price target of $107.33.

Floor & Decor 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.