Ellevest Inc. lifted its stake in Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 44.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 891 shares of the company's stock after buying an additional 274 shares during the period. Ellevest Inc.'s holdings in Floor & Decor were worth $56,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. SJS Investment Consulting Inc. purchased a new stake in shares of Floor & Decor in the first quarter worth about $32,000. Canada Pension Plan Investment Board purchased a new stake in shares of Floor & Decor in the first quarter worth about $57,000. Parkside Financial Bank & Trust boosted its position in shares of Floor & Decor by 168.4% in the first quarter. Parkside Financial Bank & Trust now owns 730 shares of the company's stock worth $59,000 after buying an additional 458 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Floor & Decor by 273.9% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 789 shares of the company's stock worth $64,000 after acquiring an additional 578 shares in the last quarter. Finally, ACG Wealth acquired a new position in shares of Floor & Decor in the second quarter worth about $63,000.
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Insider Transactions at Floor & Decor
In related news, EVP Steven Alan Denny sold 6,028 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $95.10, for a total value of $573,262.80. Following the completion of the transaction, the executive vice president now directly owns 4,477 shares of the company's stock, valued at approximately $425,762.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.70% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. William Blair reiterated an "outperform" rating on shares of Floor & Decor in a research note on Thursday, August 11th. Wells Fargo & Company cut their price target on Floor & Decor from $105.00 to $95.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 8th. The Goldman Sachs Group cut Floor & Decor from a "buy" rating to a "neutral" rating and cut their price target for the stock from $109.00 to $64.00 in a research note on Monday, June 27th. UBS Group cut their price target on Floor & Decor from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Monday, July 25th. Finally, Morgan Stanley cut their price target on Floor & Decor from $105.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Monday, August 8th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Floor & Decor currently has an average rating of "Moderate Buy" and an average price target of $105.14.
Floor & Decor Stock Down 1.3 %
Shares of Floor & Decor stock opened at $70.26 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.14 and a debt-to-equity ratio of 0.18. The business's 50 day simple moving average is $82.41 and its 200-day simple moving average is $79.23. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.17 and a beta of 1.82. Floor & Decor Holdings, Inc. has a twelve month low of $59.91 and a twelve month high of $145.89.
Floor & Decor (NYSE:FND – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.07 billion. Floor & Decor had a return on equity of 19.25% and a net margin of 7.09%. The business's quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. Equities research analysts forecast that Floor & Decor Holdings, Inc. will post 2.71 earnings per share for the current year.
Floor & Decor Company Profile
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Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.
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