Insider Selling: Floor & Decor Holdings, Inc. (NYSE:FND) Director Sells 40,000 Shares of Stock

Floor & Decor Holdings, Inc. (NYSE:FNDGet Free Report) Director Norman Axelrod sold 40,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $119.97, for a total transaction of $4,798,800.00. Following the transaction, the director now owns 226,080 shares in the company, valued at $27,122,817.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Floor & Decor Price Performance

Floor & Decor stock traded up $2.71 during trading hours on Wednesday, hitting $123.26. 1,699,672 shares of the company traded hands, compared to its average volume of 1,490,186. The firm has a market cap of $13.14 billion, a P/E ratio of 54.30, a P/E/G ratio of 5.65 and a beta of 1.83. The company has a quick ratio of 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. The firm’s 50-day simple moving average is $108.51 and its two-hundred day simple moving average is $97.76. Floor & Decor Holdings, Inc. has a 1-year low of $76.30 and a 1-year high of $123.66.

Floor & Decor (NYSE:FNDGet Free Report) last released its earnings results on Thursday, February 22nd. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.27 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. Floor & Decor’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company earned $0.64 EPS. As a group, analysts forecast that Floor & Decor Holdings, Inc. will post 1.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Several large investors have recently made changes to their positions in FND. DekaBank Deutsche Girozentrale bought a new position in shares of Floor & Decor during the 3rd quarter valued at about $30,000. Mendota Financial Group LLC bought a new position in shares of Floor & Decor during the 4th quarter valued at about $33,000. Quarry LP bought a new position in shares of Floor & Decor during the 4th quarter valued at about $33,000. Y.D. More Investments Ltd bought a new position in shares of Floor & Decor during the 3rd quarter valued at about $45,000. Finally, GAMMA Investing LLC acquired a new position in shares of Floor & Decor in the fourth quarter worth about $53,000.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of Floor & Decor from $71.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday. Truist Financial increased their price objective on shares of Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Stifel Nicolaus reduced their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday. Piper Sandler increased their target price on shares of Floor & Decor from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Finally, Wells Fargo & Company cut shares of Floor & Decor from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $85.00 to $105.00 in a report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $104.76.

Check Out Our Latest Analysis on Floor & Decor

Floor & Decor Company Profile

(Get Free Report)

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer and commercial flooring distributor 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.

Further Reading

Insider Buying and Selling by Quarter for Floor & Decor (NYSE:FND)

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