Crossmark Global Holdings Inc. Takes $852,000 Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Crossmark Global Holdings Inc. purchased a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FNDFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,640 shares of the company’s stock, valued at approximately $852,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FND. Mendota Financial Group LLC acquired a new stake in shares of Floor & Decor during the fourth quarter worth about $33,000. DekaBank Deutsche Girozentrale acquired a new stake in Floor & Decor during the 3rd quarter worth approximately $30,000. GAMMA Investing LLC purchased a new position in shares of Floor & Decor in the 4th quarter valued at approximately $53,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Floor & Decor by 24.4% in the fourth 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 during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Floor & Decor by 905.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 704 shares of the company’s stock worth $79,000 after purchasing an additional 634 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FND shares. The Goldman Sachs Group increased their target price on Floor & Decor from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 price objective on shares of Floor & Decor in a research note on Monday, April 29th. Wedbush reiterated an “outperform” rating and set a $125.00 price target on shares of Floor & Decor in a research report on Friday, May 3rd. UBS Group decreased their target price on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Finally, Truist Financial lifted their price target on Floor & Decor from $102.00 to $127.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $109.24.

Read Our Latest Analysis on Floor & Decor

Floor & Decor Stock Down 0.9 %

Shares of NYSE FND opened at $115.94 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. Floor & Decor Holdings, Inc. has a 12-month low of $76.30 and a 12-month high of $135.67. The company has a market cap of $12.41 billion, a P/E ratio of 56.65, a P/E/G ratio of 12.04 and a beta of 1.78. The stock has a fifty day moving average price of $115.43 and a 200 day moving average price of $112.43.

Floor & Decor (NYSE:FNDGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the business earned $0.66 EPS. Floor & Decor’s quarterly revenue was down 2.2% compared to the same quarter last year. Research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.89 EPS for the current fiscal year.

Insider Activity

In other Floor & Decor news, Director Peter Starrett sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total transaction of $591,200.00. Following the completion of the sale, the director now owns 128,189 shares in the company, valued at approximately $15,157,067.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Peter Starrett sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total value of $591,200.00. Following the sale, the director now directly owns 128,189 shares of the company’s stock, valued at $15,157,067.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven Alan Denny sold 1,010 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $123.11, for a total transaction of $124,341.10. Following the transaction, the executive vice president now directly owns 12,911 shares of the company’s stock, valued at $1,589,473.21. The disclosure for this sale can be found here. Insiders sold 7,579 shares of company stock worth $907,916 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Floor & Decor Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Floor & Decor (NYSE:FND)

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