Insider Selling: Floor & Decor Holdings Inc (FND) Director Sells 240,000 Shares of Stock

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Floor & Decor Holdings Inc (NYSE:FND) Director George Vincent West sold 240,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $54.42, for a total transaction of $13,060,800.00. Following the sale, the director now owns 167,938 shares of the company’s stock, valued at $9,139,185.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

George Vincent West also recently made the following trade(s):

  • On Friday, April 6th, George Vincent West sold 210,000 shares of Floor & Decor stock. The shares were sold at an average price of $55.89, for a total transaction of $11,736,900.00.

NYSE FND opened at $49.33 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.18 and a current ratio of 1.47. The firm has a market cap of $4.78 billion, a PE ratio of 71.49, a P/E/G ratio of 1.87 and a beta of -1.08. Floor & Decor Holdings Inc has a 52 week low of $32.72 and a 52 week high of $58.28.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, May 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $402.90 million during the quarter, compared to the consensus estimate of $400.37 million. Floor & Decor had a return on equity of 20.20% and a net margin of 8.34%. The company’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period last year, the company earned $0.13 EPS. sell-side analysts expect that Floor & Decor Holdings Inc will post 1 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in FND. Schwab Charles Investment Management Inc. grew its position in shares of Floor & Decor by 93.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 143,333 shares of the company’s stock worth $6,978,000 after buying an additional 69,080 shares in the last quarter. American Century Companies Inc. purchased a new stake in Floor & Decor during the fourth quarter worth approximately $5,316,000. Teacher Retirement System of Texas purchased a new stake in Floor & Decor during the fourth quarter worth approximately $554,000. Swiss National Bank purchased a new stake in Floor & Decor during the fourth quarter worth approximately $2,741,000. Finally, Sei Investments Co. lifted its stake in Floor & Decor by 31.1% during the fourth quarter. Sei Investments Co. now owns 123,483 shares of the company’s stock worth $6,011,000 after purchasing an additional 29,269 shares during the last quarter. 98.06% of the stock is owned by institutional investors and hedge funds.

FND has been the topic of a number of research analyst reports. BMO Capital Markets cut their price target on shares of Floor & Decor from $54.00 to $50.00 and set a “hold” rating on the stock in a report on Friday, March 2nd. Zacks Investment Research lowered shares of Floor & Decor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Bank of America lowered shares of Floor & Decor from a “buy” rating to a “neutral” rating and set a $60.00 price objective for the company. in a research note on Wednesday, April 11th. They noted that the move was a valuation call. Wells Fargo & Co started coverage on shares of Floor & Decor in a research report on Monday, April 23rd. They set a “market perform” rating for the company. Finally, Loop Capital increased their price target on shares of Floor & Decor to $50.00 and gave the company a “hold” rating in a research report on Tuesday, April 24th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Floor & Decor presently has an average rating of “Buy” and an average target price of $52.29.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

Insider Buying and Selling by Quarter for Floor & Decor (NYSE:FND)

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