Floor & Decor Holdings Inc (NYSE:FND) CEO Thomas V. Taylor sold 155,392 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $45.71, for a total value of $7,102,968.32. Following the completion of the transaction, the chief executive officer now directly owns 24,726 shares in the company, valued at $1,130,225.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Floor & Decor Holdings Inc (NYSE FND) opened at $48.14 on Friday. The stock has a market capitalization of $4,580.00 and a P/E ratio of 65.95. The company has a current ratio of 1.33, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47. Floor & Decor Holdings Inc has a twelve month low of $29.37 and a twelve month high of $49.86.
Floor & Decor (NYSE:FND) last released its earnings results on Thursday, November 2nd. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The firm had revenue of $343.90 million for the quarter, compared to the consensus estimate of $338.62 million. Floor & Decor had a return on equity of 26.39% and a net margin of 5.62%. The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS. equities research analysts predict that Floor & Decor Holdings Inc will post 0.66 earnings per share for the current fiscal year.
A number of research firms recently commented on FND. BMO Capital Markets boosted their price target on Floor & Decor to $54.00 and gave the stock a “market perform” rating in a report on Tuesday. Telsey Advisory Group reissued an “outperform” rating and issued a $54.00 price target (up from $47.00) on shares of Floor & Decor in a report on Monday, January 8th. Wells Fargo & Co set a $45.00 price target on Floor & Decor and gave the stock a “hold” rating in a report on Monday, January 8th. Piper Jaffray Companies reissued a “hold” rating and issued a $50.00 price target on shares of Floor & Decor in a report on Tuesday. Finally, Stifel Nicolaus began coverage on Floor & Decor in a report on Wednesday, December 13th. They set a “buy” rating and a $51.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $45.13.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ares Management LLC bought a new position in shares of Floor & Decor during the 2nd quarter valued at approximately $2,049,069,000. Goldman Sachs Group Inc. bought a new position in shares of Floor & Decor during the 2nd quarter valued at approximately $3,285,000. FS Capital Partners VI LLC bought a new position in shares of Floor & Decor during the 2nd quarter valued at approximately $993,798,000. TimesSquare Capital Management LLC bought a new position in shares of Floor & Decor during the 2nd quarter valued at approximately $5,889,000. Finally, State Street Corp bought a new position in shares of Floor & Decor during the 2nd quarter valued at approximately $3,480,000. 93.49% of the stock is currently owned by hedge funds and other institutional investors.
About Floor & Decor
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
Receive News & Ratings for Floor & Decor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Floor & Decor and related companies with MarketBeat.com's FREE daily email newsletter.