Ascent Group LLC Has $1.27 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Ascent Group LLC decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 31.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 9,799 shares of the company’s stock after selling 4,490 shares during the period. Ascent Group LLC’s holdings in Floor & Decor were worth $1,270,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FND. Benjamin F. Edwards & Company Inc. increased its holdings in Floor & Decor by 4.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company’s stock valued at $285,000 after purchasing an additional 96 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Floor & Decor by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company’s stock valued at $2,609,000 after acquiring an additional 117 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Floor & Decor by 2.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock worth $574,000 after acquiring an additional 120 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Floor & Decor by 1.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock valued at $1,195,000 after purchasing an additional 121 shares during the period. Finally, Lindbrook Capital LLC increased its stake in Floor & Decor by 16.4% in the fourth quarter. Lindbrook Capital LLC now owns 885 shares of the company’s stock valued at $99,000 after purchasing an additional 125 shares in the last quarter.

Insider Transactions at Floor & Decor

In other news, EVP Steven Alan Denny sold 1,010 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $123.11, for a total value of $124,341.10. Following the completion of the sale, the executive vice president now owns 12,911 shares of the company’s stock, valued at approximately $1,589,473.21. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the business’s 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 transaction, the chief executive officer now owns 168,386 shares of the company’s stock, valued at $21,048,250. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Steven Alan Denny sold 1,010 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $123.11, for a total value of $124,341.10. Following the completion of the sale, the executive vice president now owns 12,911 shares in the company, valued at approximately $1,589,473.21. 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 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Floor & Decor Stock Down 1.9 %

NYSE:FND traded down $1.82 on Tuesday, hitting $95.54. 467,094 shares of the company’s stock were exchanged, compared to its average volume of 1,461,898. The firm has a 50-day moving average price of $105.94 and a 200-day moving average price of $111.84. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. The company has a market cap of $10.22 billion, a P/E ratio of 47.05, a price-to-earnings-growth ratio of 10.19 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 (EPS) for the quarter, beating 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 business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned $0.66 earnings per share. Floor & Decor’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, analysts expect that Floor & Decor Holdings, Inc. will post 1.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FND. Telsey Advisory Group reduced their price target on shares of Floor & Decor from $110.00 to $100.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Truist Financial lowered their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Mizuho dropped their price target on Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Robert W. Baird decreased their price objective on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday. Finally, TD Cowen dropped their target price on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, July 12th. Two research 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $105.76.

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.