Envestnet Asset Management Inc. Buys 137 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Envestnet Asset Management Inc. raised its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FNDFree Report) by 0.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 506,418 shares of the company’s stock after acquiring an additional 137 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Floor & Decor were worth $56,496,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Mendota Financial Group LLC bought a new stake in shares of Floor & Decor in the 4th quarter worth approximately $33,000. DekaBank Deutsche Girozentrale acquired a new stake in Floor & Decor during the third quarter worth $30,000. GAMMA Investing LLC acquired a new position in shares of Floor & Decor in the 4th quarter valued at $53,000. Whittier Trust Co. of Nevada Inc. lifted 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 worth $64,000 after acquiring an additional 113 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Floor & Decor by 905.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 704 shares of the company’s stock valued at $79,000 after acquiring an additional 634 shares in the last quarter.

Wall Street Analysts Forecast Growth

FND has been the subject of a number of analyst reports. Evercore ISI raised their price target 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, May 14th. TD Cowen dropped their price objective on Floor & Decor from $125.00 to $115.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Mizuho reduced their price target 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. Bank of America boosted their target price on Floor & Decor from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Finally, Wedbush restated an “outperform” rating and issued a $125.00 target price on shares of Floor & Decor in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $109.24.

Read Our Latest Stock Report on FND

Insider Buying and Selling at Floor & Decor

In other news, Director Peter Starrett sold 1,569 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $122.61, for a total transaction of $192,375.09. Following the sale, the director now owns 118,620 shares in the company, valued at approximately $14,543,998.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Peter Starrett sold 1,569 shares of Floor & Decor stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $122.61, for a total transaction of $192,375.09. Following the completion of the transaction, the director now owns 118,620 shares in the company, valued at $14,543,998.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven Alan Denny sold 1,010 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $123.11, for a total value of $124,341.10. Following the completion of the sale, the executive vice president now owns 12,911 shares in the company, valued at approximately $1,589,473.21. The disclosure for this sale can be found here. Insiders sold a total of 7,579 shares of company stock worth $907,916 over the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

Floor & Decor Stock Performance

Shares of FND stock opened at $115.94 on Tuesday. Floor & Decor Holdings, Inc. has a 12 month low of $76.30 and a 12 month high of $135.67. The company’s fifty day simple moving average is $115.43 and its 200-day simple moving average is $112.43. The firm has a market cap of $12.41 billion, a PE ratio of 56.01, a P/E/G ratio of 12.04 and a beta of 1.78. 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:FNDGet Free Report) last posted 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 company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. Equities research analysts expect that Floor & Decor Holdings, Inc. will post 1.89 EPS for the current fiscal year.

About Floor & Decor

(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.

Further Reading

Want to see what other hedge funds are holding FND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Floor & Decor Holdings, Inc. (NYSE:FNDFree Report).

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

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