American International Group Inc. Raises Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

American International Group Inc. raised its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 7,906.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 144,837 shares of the company’s stock after buying an additional 143,028 shares during the quarter. American International Group Inc.’s holdings in Floor & Decor were worth $16,158,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Centaurus Financial Inc. grew its position in shares of Floor & Decor by 1.5% during the 4th quarter. Centaurus Financial Inc. now owns 152,372 shares of the company’s stock valued at $16,999,000 after purchasing an additional 2,302 shares in the last quarter. Virtu Financial LLC boosted its position in shares of Floor & Decor by 128.4% during the 4th quarter. Virtu Financial LLC now owns 5,127 shares of the company’s stock valued at $572,000 after acquiring an additional 2,882 shares during the last quarter. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Floor & Decor during the fourth quarter worth about $3,340,000. Park Presidio Capital LLC grew its holdings in shares of Floor & Decor by 0.8% during the fourth quarter. Park Presidio Capital LLC now owns 329,567 shares of the company’s stock worth $36,766,000 after purchasing an additional 2,682 shares in the last quarter. Finally, Southernsun Asset Management LLC increased its position in shares of Floor & Decor by 168.2% in the fourth quarter. Southernsun Asset Management LLC now owns 23,298 shares of the company’s stock worth $2,599,000 after purchasing an additional 14,611 shares during the last quarter.

Floor & Decor Stock Down 2.6 %

NYSE:FND traded down $3.16 during trading hours on Friday, reaching $118.20. 1,127,706 shares of the company traded hands, compared to its average volume of 880,764. Floor & Decor Holdings, Inc. has a 1 year low of $76.30 and a 1 year high of $135.67. The stock has a market capitalization of $12.65 billion, a P/E ratio of 57.10, a P/E/G ratio of 12.17 and a beta of 1.78. The business’s 50-day moving average price is $115.14 and its two-hundred day moving average price is $113.21. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10.

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 analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations 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 was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 EPS. Analysts predict that Floor & Decor Holdings, Inc. will post 1.89 earnings per share for the current year.

Insider Activity

In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the 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 sale, the chief executive officer now directly owns 168,386 shares in the company, valued at approximately $21,048,250. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Steven Alan Denny sold 1,010 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $123.11, for a total transaction of $124,341.10. Following the transaction, the executive vice president now owns 12,911 shares in the company, valued at $1,589,473.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas V. Taylor sold 34,199 shares of Floor & Decor stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold a total of 41,778 shares of company stock worth $5,182,791 over the last 90 days. 2.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FND has been the subject of a number of research reports. Piper Sandler boosted their price target on shares of Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Truist Financial increased their target price on Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Guggenheim lifted their price target on Floor & Decor from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Telsey Advisory Group restated a “market perform” rating and set a $110.00 price target on shares of Floor & Decor in a report on Monday, April 29th. Finally, Stifel Nicolaus dropped their price objective on Floor & Decor from $115.00 to $110.00 and set a “hold” rating for the company in a report on Monday, February 26th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $109.24.

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.