Ontario Teachers Pension Plan Board Buys 10,347 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Ontario Teachers Pension Plan Board lifted its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 192.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,719 shares of the company’s stock after purchasing an additional 10,347 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Floor & Decor were worth $2,037,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in Floor & Decor by 24.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock worth $64,000 after acquiring an additional 113 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Floor & Decor by 111.1% during the fourth quarter. SG Americas Securities LLC now owns 7,421 shares of the company’s stock worth $828,000 after acquiring an additional 3,906 shares in the last quarter. Pacer Advisors Inc. bought a new position in Floor & Decor during the fourth quarter worth about $1,767,000. Schechter Investment Advisors LLC bought a new position in Floor & Decor during the fourth quarter worth about $497,000. Finally, Clear Harbor Asset Management LLC lifted its holdings in Floor & Decor by 4.1% during the fourth quarter. Clear Harbor Asset Management LLC now owns 6,043 shares of the company’s stock worth $674,000 after acquiring an additional 240 shares in the last quarter.

Wall Street Analysts Forecast Growth

FND has been the topic of several recent analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 target price on shares of Floor & Decor in a report on Monday, April 29th. UBS Group lowered their target price on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Wedbush lowered their target price on Floor & Decor from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday. Evercore ISI lowered their target price on 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. Finally, Citigroup lowered their target price on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $107.29.

Insiders Place Their Bets

In other news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 168,386 shares in the company, valued at $21,048,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 168,386 shares in the company, valued at $21,048,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter Starrett sold 1,569 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $122.61, for a total transaction of $192,375.09. Following the transaction, the director now owns 118,620 shares of the company’s stock, valued at $14,543,998.20. The disclosure for this sale can be found here. Insiders sold 41,778 shares of company stock worth $5,182,791 over the last three months. Insiders own 2.10% of the company’s stock.

Floor & Decor Price Performance

NYSE FND traded up $1.32 on Tuesday, hitting $93.96. 1,736,371 shares of the company’s stock were exchanged, compared to its average volume of 2,365,470. The stock has a 50-day moving average of $108.54 and a 200-day moving average of $112.23. 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 Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 45.39, a P/E/G ratio of 9.69 and a beta of 1.74.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company earned $0.66 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts expect that Floor & Decor Holdings, Inc. will post 1.86 earnings per share for the current year.

About Floor & Decor

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.