Russell Investments Group Ltd. Decreases Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Russell Investments Group Ltd. lessened its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 80,801 shares of the company’s stock after selling 120 shares during the quarter. Russell Investments Group Ltd. owned 0.08% of Floor & Decor worth $9,049,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. increased its stake in 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 purchasing an additional 113 shares in the last quarter. Lindbrook Capital LLC raised its stake 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 acquiring an additional 125 shares during the last quarter. Roundview Capital LLC lifted its position in Floor & Decor by 0.7% during the 3rd quarter. Roundview Capital LLC now owns 18,735 shares of the company’s stock worth $1,696,000 after acquiring an additional 129 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in 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 purchasing an additional 136 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Floor & Decor by 9.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,805 shares of the company’s stock valued at $201,000 after purchasing an additional 163 shares during the period.

Floor & Decor Stock Up 3.5 %

FND opened at $116.97 on Tuesday. The company has a market cap 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 Holdings, Inc. has a twelve month low of $76.30 and a twelve month high of $135.67. The company has a 50-day moving average price of $118.92 and a 200 day moving average price of $106.64. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last announced its earnings results 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 company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 EPS. Sell-side analysts expect that Floor & Decor Holdings, Inc. will post 1.9 earnings per share for the current fiscal year.

Insider Activity at Floor & Decor

In related news, President Trevor Lang sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the completion of the sale, the president now directly owns 170,844 shares of the company’s stock, valued at approximately $21,061,648.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $123.52, for a total transaction of $636,375.04. Following the sale, the executive vice president now directly owns 13,271 shares in the company, valued at $1,639,233.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Trevor Lang sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the completion of the transaction, the president now directly owns 170,844 shares of the company’s stock, valued at approximately $21,061,648.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,867 shares of company stock worth $11,016,089. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

FND has been the topic of a number of recent research reports. Bank of America upped their target price on Floor & Decor from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Sanford C. Bernstein lowered shares of Floor & Decor from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $100.00 to $115.00 in a research note on Tuesday, January 16th. Mizuho decreased their target price on shares of Floor & Decor from $115.00 to $110.00 and set a “neutral” rating for the company in a research report on Friday. Guggenheim increased their price target on Floor & Decor from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, Piper Sandler lifted their price objective on Floor & Decor from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $108.76.

About Floor & Decor

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.