December 1, 2020

All-converter

Home Improvement

Private Advisor Group LLC Buys 3,000 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Private Advisor Group LLC increased its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 307.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,977 shares of the company’s stock after purchasing an additional 3,000 shares during the quarter. Private Advisor Group LLC’s holdings in Floor & Decor were worth $297,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. American International Group Inc. raised its holdings in shares of Floor & Decor by 42.6% in the 2nd quarter. American International Group Inc. now owns 2,221 shares of the company’s stock worth $128,000 after purchasing an additional 664 shares during the period. Metropolitan Life Insurance Co NY raised its holdings in Floor & Decor by 18.3% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 4,395 shares of the company’s stock valued at $181,000 after acquiring an additional 680 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in Floor & Decor by 2.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 27,604 shares of the company’s stock valued at $1,591,000 after acquiring an additional 722 shares during the period. Great West Life Assurance Co. Can raised its holdings in Floor & Decor by 15.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 5,511 shares of the company’s stock valued at $316,000 after acquiring an additional 723 shares during the period. Finally, Morgan Stanley raised its holdings in Floor & Decor by 2.2% during the 1st quarter. Morgan Stanley now owns 38,290 shares of the company’s stock valued at $1,229,000 after acquiring an additional 828 shares during the period.

In related news, Director George Vincent West sold 275,000 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $71.52, for a total value of $19,668,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Norman Axelrod sold 55,000 shares of the stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $80.84, for a total transaction of $4,446,200.00. Following the completion of the transaction, the director now directly owns 111,453 shares of the company’s stock, valued at $9,009,860.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 470,676 shares of company stock valued at $35,061,243. 5.20% of the stock is currently owned by company insiders.

FND has been the topic of a number of analyst reports. Robert W. Baird boosted their target price on shares of Floor & Decor from $78.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, October 13th. Morgan Stanley upped their price target on shares of Floor & Decor from $70.00 to $77.00 and gave the stock an “equal weight” rating in a report on Friday, October 30th. Wolfe Research started coverage on shares of Floor & Decor in a report on Wednesday, September 30th. They issued an “outperform” rating and a $84.00 price target on the stock. Raymond James upped their price target on shares of Floor & Decor from $75.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 2nd. Finally, Bank of America upped their price target on shares of Floor & Decor from $83.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, October 16th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $77.33.

Floor & Decor stock opened at $75.97 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $78.02 and a 200-day moving average of $63.79. The firm has a market cap of $7.90 billion, a P/E ratio of 46.32, a P/E/G ratio of 2.29 and a beta of 2.00. Floor & Decor Holdings, Inc. has a 1-year low of $24.36 and a 1-year high of $86.37.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, October 29th. The company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.16. The company had revenue of $684.85 million during the quarter, compared to analyst estimates of $639.31 million. Floor & Decor had a net margin of 7.77% and a return on equity of 16.23%. Floor & Decor’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share. Research analysts forecast that Floor & Decor Holdings, Inc. will post 1.41 earnings per share for the current fiscal year.

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.

Read More: What is a support level?

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




Source Article