Parkside Financial Bank & Trust Buys 163 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Parkside Financial Bank & Trust grew its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 9.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,805 shares of the company’s stock after acquiring an additional 163 shares during the period. Parkside Financial Bank & Trust’s holdings in Floor & Decor were worth $201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC grew its stake in shares of Floor & Decor by 13.1% in the third quarter. FMR LLC now owns 4,605,699 shares of the company’s stock worth $416,816,000 after purchasing an additional 531,891 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Floor & Decor by 435.1% in the third quarter. Wellington Management Group LLP now owns 653,740 shares of the company’s stock valued at $59,163,000 after buying an additional 531,574 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in Floor & Decor in the fourth quarter valued at $42,114,000. Kiwi Wealth Investments Limited Partnership acquired a new position in Floor & Decor in the third quarter valued at $32,250,000. Finally, Untitled Investments LP acquired a new position in Floor & Decor in the third quarter valued at $16,271,000.

Insider Activity

In other news, EVP Steven Alan Denny sold 5,152 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the transaction, the executive vice president now directly owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Norman Axelrod sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $119.97, for a total transaction of $4,798,800.00. Following the sale, the director now directly owns 226,080 shares in the company, valued at approximately $27,122,817.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven Alan Denny sold 5,152 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the sale, the executive vice president now owns 13,271 shares in the company, valued at $1,639,233.92. The disclosure for this sale can be found here. Insiders sold 90,867 shares of company stock valued at $11,016,089 in the last three months. Company insiders own 2.10% of the company’s stock.

Floor & Decor Stock Down 1.4 %

FND stock traded down $1.54 during trading on Wednesday, reaching $108.43. The stock had a trading volume of 357,454 shares, compared to its average volume of 1,382,095. Floor & Decor Holdings, Inc. has a one year low of $76.30 and a one year high of $135.67. The company has a quick ratio of 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average is $118.93 and its two-hundred day moving average is $104.84. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 48.46, a P/E/G ratio of 5.23 and a beta of 1.85.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, February 22nd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm earned $0.64 EPS. The company’s revenue was up .0% compared to the same quarter last year. Equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FND. Guggenheim upped their price objective on shares of Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Stifel Nicolaus dropped their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, February 26th. The Goldman Sachs Group upped their price objective on shares of Floor & Decor from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Barclays upped their price objective on shares of Floor & Decor from $66.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, January 4th. Finally, TD Cowen began coverage on shares of Floor & Decor in a report on Wednesday, April 10th. They set a “hold” rating and a $125.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and an average target price of $110.19.

Floor & Decor Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.