Floor & Decor Holdings, Inc. (NYSE:FND) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 726,850 shares of the company’s stock after purchasing an additional 79,210 shares during the quarter. Dimensional Fund Advisors LP owned 0.68% of Floor & Decor worth $81,099,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in Floor & Decor by 9.5% during the third quarter. Commonwealth Equity Services LLC now owns 4,559 shares of the company’s stock valued at $413,000 after buying an additional 394 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Floor & Decor by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 12,865 shares of the company’s stock valued at $1,164,000 after acquiring an additional 433 shares in the last quarter. California Public Employees Retirement System increased its holdings in Floor & Decor by 23.0% in the 3rd quarter. California Public Employees Retirement System now owns 188,389 shares of the company’s stock valued at $17,049,000 after purchasing an additional 35,280 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Floor & Decor by 89.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 5,021 shares of the company’s stock valued at $454,000 after purchasing an additional 2,373 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Floor & Decor by 15.7% during the third quarter. Signaturefd LLC now owns 1,334 shares of the company’s stock worth $121,000 after purchasing an additional 181 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FND shares. Truist Financial raised their target price on Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. UBS Group decreased their target price on shares of Floor & Decor from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Wedbush reaffirmed an “outperform” rating and set a $125.00 price target on shares of Floor & Decor in a research note on Friday, May 3rd. Guggenheim boosted their price objective on shares of Floor & Decor from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, Evercore ISI raised their target price on Floor & Decor from $120.00 to $125.00 and gave the company an “in-line” rating in a research note on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Floor & Decor currently has an average rating of “Hold” and a consensus price target of $109.24.

Floor & Decor Stock Down 2.4 %

NYSE:FND opened at $112.24 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average of $117.83 and a 200-day moving average of $109.69. The firm has a market capitalization of $12.01 billion, a PE ratio of 54.22, a price-to-earnings-growth ratio of 12.03 and a beta of 1.86. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS. Analysts predict that Floor & Decor Holdings, Inc. will post 1.89 EPS for the current year.

Insider Buying and Selling

In other Floor & Decor news, Director Norman Axelrod sold 40,000 shares of the business’s 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 transaction, the director now directly owns 226,080 shares of the company’s stock, valued at approximately $27,122,817.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Norman Axelrod sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $119.97, for a total value of $4,798,800.00. Following the sale, the director now directly owns 226,080 shares in the company, valued at approximately $27,122,817.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas V. Taylor sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $123.11, for a total value of $2,462,200.00. Following the transaction, the chief executive officer now owns 174,315 shares of the company’s stock, valued at approximately $21,459,919.65. The disclosure for this sale can be found here. Insiders have sold a total of 98,446 shares of company stock valued at $11,924,005 in the last quarter. Company insiders own 2.10% of the company’s stock.

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.