Natixis Advisors L.P. Acquires 21,797 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Natixis Advisors L.P. increased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 19.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,970 shares of the company’s stock after purchasing an additional 21,797 shares during the quarter. Natixis Advisors L.P. owned 0.12% of Floor & Decor worth $14,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of FND. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Floor & Decor by 24.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock valued at $64,000 after acquiring an additional 113 shares during the last quarter. Lindbrook Capital LLC grew its position in Floor & Decor by 16.4% in the 4th quarter. Lindbrook Capital LLC now owns 885 shares of the company’s stock worth $99,000 after purchasing an additional 125 shares during the period. Roundview Capital LLC raised its stake in Floor & Decor by 0.7% during the 3rd quarter. Roundview Capital LLC now owns 18,735 shares of the company’s stock valued at $1,696,000 after buying an additional 129 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Floor & Decor by 2.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 5,410 shares of the company’s stock valued at $490,000 after buying an additional 136 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Floor & Decor by 9.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,805 shares of the company’s stock worth $201,000 after buying an additional 163 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently commented on FND shares. Stifel Nicolaus reduced their price objective on Floor & Decor from $115.00 to $110.00 and set a “hold” rating for the company in a research report on Monday, February 26th. TD Cowen lowered their price objective on shares of Floor & Decor from $125.00 to $115.00 and set a “hold” rating on the stock in a research note on Friday. The Goldman Sachs Group boosted their target price on shares of Floor & Decor from $71.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 price target on shares of Floor & Decor in a research report on Monday, April 29th. Finally, UBS Group cut their price objective on shares of Floor & Decor from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday. Two investment 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $108.76.

Floor & Decor Stock Up 3.5 %

FND opened at $116.97 on Tuesday. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The firm has a 50-day simple moving average of $118.92 and a two-hundred day simple moving average of $106.64. The company has a market capitalization of $12.49 billion, a PE ratio of 56.51, a price-to-earnings-growth ratio of 5.51 and a beta of 1.86.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS. Analysts forecast that Floor & Decor Holdings, Inc. will post 1.9 earnings per share for the current fiscal year.

Insider Activity

In other Floor & Decor news, CAO David Victor Christopherson sold 6,850 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total transaction of $813,095.00. Following the sale, the chief accounting officer now directly owns 25,271 shares in the company, valued at $2,999,667.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO David Victor Christopherson sold 6,850 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total value of $813,095.00. Following the completion of the sale, the chief accounting officer now owns 25,271 shares in the company, valued at approximately $2,999,667.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bryan Langley sold 5,865 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total transaction of $702,978.90. Following the transaction, the chief financial officer now owns 17,422 shares in the company, valued at $2,088,200.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,867 shares of company stock worth $11,016,089. 2.10% of the stock is currently owned by corporate insiders.

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.