Entropy Technologies LP Acquires 18,528 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Entropy Technologies LP raised its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 104.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,191 shares of the company’s stock after acquiring an additional 18,528 shares during the quarter. Entropy Technologies LP’s holdings in Floor & Decor were worth $4,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Riverview Trust Co bought a new stake in Floor & Decor during the 1st quarter valued at $26,000. Mendota Financial Group LLC bought a new stake in Floor & Decor during the 4th quarter valued at $33,000. Rise Advisors LLC bought a new stake in Floor & Decor during the 1st quarter valued at $39,000. Global Retirement Partners LLC raised its holdings in Floor & Decor by 97.1% during the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock valued at $44,000 after acquiring an additional 167 shares during the period. Finally, GAMMA Investing LLC bought a new position in shares of Floor & Decor in the fourth quarter worth $53,000.

Insider Transactions at Floor & Decor

In other news, CEO Thomas V. Taylor sold 34,199 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 168,386 shares in the company, valued at $21,048,250. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Peter Starrett sold 5,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total value of $591,200.00. Following the completion of the transaction, the director now directly owns 128,189 shares of the company’s stock, valued at $15,157,067.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Thomas V. Taylor sold 34,199 shares of the stock in a transaction dated Wednesday, June 12th. The stock was 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 of the company’s stock, valued at $21,048,250. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,778 shares of company stock worth $5,182,791. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

FND has been the topic of several research analyst reports. UBS Group decreased 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. Evercore ISI decreased their price target on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a report on Tuesday, July 2nd. Piper Sandler upped their price target on shares of Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Wedbush reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Floor & Decor in a report on Friday, May 3rd. Finally, TD Cowen decreased their price target on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $107.33.

Floor & Decor Trading Down 0.9 %

NYSE FND traded down $0.84 during trading on Wednesday, hitting $94.06. 2,281,082 shares of the company’s stock traded hands, compared to its average volume of 1,457,321. The stock has a fifty day moving average of $110.22 and a two-hundred day moving average of $112.48. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. Floor & Decor Holdings, Inc. has a 12-month low of $76.30 and a 12-month high of $135.67. The firm has a market cap of $10.07 billion, a P/E ratio of 45.44, a PEG ratio of 9.42 and a beta of 1.73.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. Floor & Decor’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. As a group, sell-side analysts expect that Floor & Decor Holdings, Inc. will post 1.87 EPS for the current year.

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.