Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,766 shares of the company’s stock after selling 109 shares during the quarter. M&T Bank Corp’s holdings in Floor & Decor were worth $420,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new position in Floor & Decor in the 4th quarter valued at about $4,161,000. Pacer Advisors Inc. purchased a new stake in shares of Floor & Decor in the 4th quarter valued at approximately $1,767,000. Kestra Advisory Services LLC increased its stake in Floor & Decor by 7.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 5,292 shares of the company’s stock worth $479,000 after buying an additional 349 shares during the period. Yousif Capital Management LLC purchased a new stake in Floor & Decor during the 4th quarter worth approximately $5,614,000. Finally, State of Alaska Department of Revenue purchased a new stake in Floor & Decor during the 4th quarter worth approximately $1,284,000.

Floor & Decor Trading Up 0.8 %

Shares of Floor & Decor stock opened at $123.55 on Wednesday. Floor & Decor Holdings, Inc. has a 1 year low of $76.30 and a 1 year high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. The company has a market capitalization of $13.22 billion, a P/E ratio of 59.69, a PEG ratio of 7.19 and a beta of 1.86. The company’s fifty day moving average is $118.70 and its two-hundred day moving average is $108.34.

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. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm posted $0.66 EPS. Floor & Decor’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts forecast that Floor & Decor Holdings, Inc. will post 1.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO David Victor Christopherson sold 6,850 shares of Floor & Decor 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 sale, the chief accounting officer now owns 25,271 shares of the company’s stock, valued at $2,999,667.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CAO David Victor Christopherson sold 6,850 shares of Floor & Decor 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 sale, the chief accounting officer now owns 25,271 shares of the company’s stock, valued at $2,999,667.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Norman Axelrod sold 40,000 shares of Floor & Decor stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $119.97, for a total transaction of $4,798,800.00. Following the completion of the sale, the director now directly owns 226,080 shares in the company, valued at approximately $27,122,817.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,867 shares of company stock valued at $11,607,289. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FND shares. Bank of America upped their target price on shares of Floor & Decor from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Evercore ISI upped their target price on shares of Floor & Decor from $120.00 to $125.00 and gave the stock an “in-line” rating in a research note on Tuesday. Telsey Advisory Group reissued a “market perform” rating and issued a $110.00 price objective on shares of Floor & Decor in a research report on Monday, April 29th. Mizuho dropped their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Finally, Sanford C. Bernstein downgraded shares of Floor & Decor from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $100.00 to $115.00 in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $109.24.

Floor & Decor 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.