Engineers Gate Manager LP purchased a new position in Floor & Decor Holdings Inc (NYSE:FND) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 40,172 shares of the company’s stock, valued at approximately $1,564,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in Floor & Decor by 17.1% during the 3rd quarter. Brighton Jones LLC now owns 11,834 shares of the company’s stock valued at $461,000 after buying an additional 1,731 shares during the period. FNY Partners Fund LP purchased a new stake in Floor & Decor during the 3rd quarter valued at $116,000. Toronto Dominion Bank purchased a new stake in Floor & Decor during the 2nd quarter valued at $157,000. Public Employees Retirement System of Ohio purchased a new stake in Floor & Decor during the 2nd quarter valued at $179,000. Finally, Principal Financial Group Inc. purchased a new stake in Floor & Decor during the 3rd quarter valued at $208,000. Hedge funds and other institutional investors own 93.49% of the company’s stock.
A number of analysts have weighed in on the company. BMO Capital Markets initiated coverage on Floor & Decor in a research report on Thursday, September 14th. They set a “market perform” rating and a $41.00 price objective on the stock. Zacks Investment Research raised Floor & Decor from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Tuesday, September 12th. Wells Fargo & Co reaffirmed a “hold” rating and set a $42.00 price objective on shares of Floor & Decor in a research report on Thursday, November 2nd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $42.00 price objective on shares of Floor & Decor in a research report on Thursday, October 12th. Finally, Stifel Nicolaus started coverage on Floor & Decor in a report on Wednesday, December 13th. They issued a “buy” rating and a $51.00 price target for the company. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $43.44.
Shares of Floor & Decor Holdings Inc (FND) traded down $2.56 during mid-day trading on Tuesday, reaching $46.12. The company had a trading volume of 1,283,700 shares, compared to its average volume of 878,545. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.18 and a current ratio of 1.33. The stock has a market capitalization of $4,390.00 and a PE ratio of 63.18. Floor & Decor Holdings Inc has a 52 week low of $29.37 and a 52 week high of $49.86.
Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $343.90 million during the quarter, compared to analysts’ expectations of $338.62 million. Floor & Decor had a return on equity of 26.39% and a net margin of 5.62%. Floor & Decor’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period last year, the business earned $0.12 earnings per share. research analysts anticipate that Floor & Decor Holdings Inc will post 0.66 EPS for the current year.
In other news, major shareholder Corporate Opportunities F. Ares sold 4,853,847 shares of Floor & Decor stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $34.92, for a total value of $169,496,337.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Thomas V. Taylor sold 20,207 shares of Floor & Decor stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $45.07, for a total value of $910,729.49. Following the completion of the sale, the chief executive officer now directly owns 24,726 shares in the company, valued at $1,114,400.82. The disclosure for this sale can be found here. Insiders sold 5,647,246 shares of company stock valued at $201,948,218 over the last 90 days.
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About Floor & Decor
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
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