First Mercantile Trust Co. purchased a new stake in Floor & Decor Holdings Inc (NYSE:FND) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,435 shares of the company’s stock, valued at approximately $183,000.
Several other hedge funds have also recently made changes to their positions in FND. Timucuan Asset Management Inc. FL increased its position in shares of Floor & Decor by 99.9% in the fourth quarter. Timucuan Asset Management Inc. FL now owns 2,593,417 shares of the company’s stock valued at $67,170,000 after buying an additional 1,295,853 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Floor & Decor by 1,506.1% in the third quarter. TIAA CREF Investment Management LLC now owns 1,357,762 shares of the company’s stock valued at $40,964,000 after buying an additional 1,273,225 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Floor & Decor in the fourth quarter valued at $25,729,000. Vanguard Group Inc. increased its position in shares of Floor & Decor by 24.6% in the third quarter. Vanguard Group Inc. now owns 4,502,767 shares of the company’s stock valued at $135,848,000 after buying an additional 887,822 shares in the last quarter. Finally, Madison Investment Holdings Inc. purchased a new position in shares of Floor & Decor in the fourth quarter valued at $21,106,000.
FND opened at $40.90 on Monday. The company has a current ratio of 1.32, a quick ratio of 0.23 and a debt-to-equity ratio of 1.33. The firm has a market cap of $4.02 billion, a P/E ratio of 42.16, a P/E/G ratio of 1.56 and a beta of 1.78. Floor & Decor Holdings Inc has a 52 week low of $23.30 and a 52 week high of $55.86.
Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $477.05 million for the quarter, compared to analyst estimates of $480.17 million. Floor & Decor had a return on equity of 18.19% and a net margin of 6.45%. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 earnings per share. Equities analysts predict that Floor & Decor Holdings Inc will post 1.11 earnings per share for the current fiscal year.
In other Floor & Decor news, Director George Vincent West sold 564,871 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $42.69, for a total value of $24,114,342.99. Following the sale, the director now directly owns 150,000 shares of the company’s stock, valued at approximately $6,403,500. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Corporate Opportunities F. Ares sold 6,673,401 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $37.50, for a total value of $250,252,537.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,668,123 shares of company stock worth $292,988,420. 7.00% of the stock is owned by corporate insiders.
FND has been the subject of a number of research analyst reports. Bank of America cut Floor & Decor from a “buy” rating to an “underperform” rating and set a $29.00 price target for the company. in a research report on Friday, February 1st. Gordon Haskett cut Floor & Decor from a “buy” rating to a “hold” rating and set a $32.06 price target for the company. in a research report on Monday, February 11th. Telsey Advisory Group restated an “outperform” rating and issued a $44.00 price target (up previously from $40.00) on shares of Floor & Decor in a research report on Friday, February 22nd. Morgan Stanley set a $36.00 price target on Floor & Decor and gave the company a “hold” rating in a research report on Friday, February 22nd. Finally, Wedbush set a $43.00 price objective on Floor & Decor and gave the company a “buy” rating in a research note on Friday, February 22nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. Floor & Decor presently has an average rating of “Hold” and a consensus price target of $43.08.
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About Floor & Decor
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, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.
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