Floor & Decor Holdings, Inc. (NYSE:FND) Shares Purchased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co raised its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,098 shares of the company’s stock after purchasing an additional 1,691 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.07% of Floor & Decor worth $10,252,000 as of its most recent SEC filing.

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

Floor & Decor Stock Performance

Shares of NYSE FND opened at $93.49 on Friday. Floor & Decor Holdings, Inc. has a 1 year low of $76.30 and a 1 year high of $135.67. The firm has a market cap of $10.00 billion, a P/E ratio of 45.16, a PEG ratio of 9.66 and a beta of 1.73. The stock has a fifty day moving average price of $106.81 and a two-hundred day moving average price of $111.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company earned $0.66 earnings per share. Floor & Decor’s revenue was down 2.2% compared to the same quarter last year. Research analysts forecast that Floor & Decor Holdings, Inc. will post 1.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FND has been the subject of several research reports. UBS Group lowered their price target on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Evercore ISI reduced 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 research report on Tuesday, July 2nd. Truist Financial dropped their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Citigroup cut their price target on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Finally, Wedbush reduced their price objective on Floor & Decor from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and a consensus target price of $106.33.

Insider Buying and Selling at Floor & Decor

In other news, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 value of $192,375.09. Following the completion of the sale, the director now directly owns 118,620 shares of the company’s stock, valued at approximately $14,543,998.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $21,048,250. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,778 shares of company stock valued at $5,182,791. Corporate insiders own 2.10% of the company’s stock.

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.