Fifth Third Wealth Advisors LLC Invests $324,000 in Floor & Decor Holdings, Inc. (NYSE:FND)

Fifth Third Wealth Advisors LLC acquired a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,263 shares of the company’s stock, valued at approximately $324,000.

A number of other large investors have also modified their holdings of the stock. Polen Capital Management LLC boosted its stake in 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 in the last quarter. Capital World Investors boosted its stake in Floor & Decor by 5.6% in the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock valued at $1,328,518,000 after acquiring an additional 627,256 shares in the last quarter. Vanguard Group Inc. boosted its stake in Floor & Decor by 0.8% in the first quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock valued at $1,262,506,000 after acquiring an additional 81,305 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Floor & Decor by 20.4% during the first 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, Capital International Investors boosted its stake in shares of Floor & Decor by 7.4% during the first quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock worth $137,806,000 after buying an additional 73,448 shares during the period.

Insider Buying and Selling at Floor & Decor

In other news, CEO Thomas V. Taylor sold 34,199 shares of the company’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 sale, the chief executive officer now directly owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Citigroup reduced their price objective on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a research report on Friday, July 19th. Mizuho reduced 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. JPMorgan Chase & Co. reduced their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Wells Fargo & Company reduced their price objective on shares of Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Finally, Evercore ISI reduced their price objective on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $104.37.

Floor & Decor Stock Performance

Shares of NYSE:FND traded up $2.33 during trading on Wednesday, reaching $108.67. 715,121 shares of the company’s stock traded hands, compared to its average volume of 1,507,331. 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 company has a 50 day moving average of $101.13 and a 200-day moving average of $111.26. The stock has a market capitalization of $11.63 billion, a P/E ratio of 51.37, a price-to-earnings-growth ratio of 10.13 and a beta of 1.74.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Floor & Decor had a net margin of 4.78% and a return on equity of 10.85%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The company’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities analysts expect that Floor & Decor Holdings, Inc. will post 1.81 EPS for the current 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.