Strs Ohio Reduces Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Strs Ohio lowered its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 84.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,549 shares of the company’s stock after selling 39,678 shares during the quarter. Strs Ohio’s holdings in Floor & Decor were worth $842,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Louisiana State Employees Retirement System purchased a new position in shares of Floor & Decor in the fourth quarter worth $3,336,000. WCM Investment Management LLC grew its stake in Floor & Decor by 1.0% during the 4th quarter. WCM Investment Management LLC now owns 4,521,719 shares of the company’s stock valued at $514,979,000 after purchasing an additional 46,964 shares during the last quarter. Simplicity Solutions LLC acquired a new position in shares of Floor & Decor in the fourth quarter valued at about $238,000. Mutual of America Capital Management LLC acquired a new stake in shares of Floor & Decor during the fourth quarter worth about $7,344,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in Floor & Decor in the fourth quarter valued at approximately $335,000.

Insider Transactions at Floor & Decor

In related news, EVP Steven Alan Denny sold 5,152 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $123.52, for a total value of $636,375.04. Following the completion of the sale, the executive vice president now owns 13,271 shares of the company’s stock, valued at $1,639,233.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Steven Alan Denny sold 5,152 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $123.52, for a total value of $636,375.04. Following the transaction, the executive vice president now directly owns 13,271 shares in the company, valued at $1,639,233.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO David Victor Christopherson sold 6,850 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the sale, the chief accounting officer now directly owns 25,271 shares of the company’s stock, valued at approximately $2,999,667.70. The disclosure for this sale can be found here. Insiders have sold a total of 90,867 shares of company stock worth $11,016,089 in the last quarter. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Stifel Nicolaus decreased their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, February 26th. Bank of America increased their price target on Floor & Decor from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Sanford C. Bernstein cut Floor & Decor from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $100.00 to $115.00 in a report on Tuesday, January 16th. Wells Fargo & Company lowered Floor & Decor from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $85.00 to $105.00 in a report on Thursday, January 4th. Finally, Guggenheim boosted their price target on Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $110.19.

Floor & Decor Trading Down 0.3 %

Shares of FND opened at $109.67 on Thursday. The stock has a market cap of $11.71 billion, a PE ratio of 48.31, a price-to-earnings-growth ratio of 5.23 and a beta of 1.85. Floor & Decor Holdings, Inc. has a 52-week low of $76.30 and a 52-week high of $135.67. The firm’s fifty day moving average is $119.01 and its two-hundred day moving average is $105.00. The company has a quick ratio of 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business earned $0.64 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. Research analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

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.