Floor & Decor Holdings Inc (NYSE:FND) CFO Sells $2,216,100.00 in Stock

Floor & Decor Holdings Inc (NYSE:FND) CFO Trevor Lang sold 44,322 shares of Floor & Decor stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $50.00, for a total transaction of $2,216,100.00. Following the completion of the transaction, the chief financial officer now owns 182,991 shares of the company’s stock, valued at $9,149,550. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Floor & Decor Holdings Inc (FND) traded up $0.63 during midday trading on Friday, hitting $45.13. 669,282 shares of the company traded hands, compared to its average volume of 614,014. Floor & Decor Holdings Inc has a one year low of $29.37 and a one year high of $51.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.18 and a current ratio of 1.33.

A number of research analysts have recently commented on FND shares. JPMorgan Chase & Co. initiated coverage on shares of Floor & Decor in a research report on Monday, October 16th. They set an “overweight” rating and a $46.00 price target for the company. Zacks Investment Research lowered shares of Floor & Decor from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Wells Fargo & Co reiterated a “hold” rating and issued a $42.00 target price on shares of Floor & Decor in a research report on Thursday, November 2nd. Telsey Advisory Group upgraded shares of Floor & Decor from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $39.00 to $47.00 in a research report on Friday, November 3rd. Finally, Credit Suisse Group boosted their price target on shares of Floor & Decor from $43.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $45.13.

Institutional investors and hedge funds have recently made changes to their positions in the business. Thompson Davis & CO. Inc. purchased a new stake in Floor & Decor in the fourth quarter worth about $110,000. FNY Partners Fund LP purchased a new stake in Floor & Decor in the third quarter worth about $116,000. Toronto Dominion Bank purchased a new stake in Floor & Decor in the second quarter worth about $157,000. State of Wisconsin Investment Board purchased a new stake in Floor & Decor in the fourth quarter worth about $220,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Floor & Decor in the second quarter worth about $179,000. Institutional investors and hedge funds own 91.12% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This news story was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://ledgergazette.com/2018/02/12/trevor-lang-sells-44322-shares-of-floor-decor-holdings-inc-fnd-stock.html.

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).

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

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.

Leave a Reply