Clearbridge Investments LLC Buys 61,012 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Clearbridge Investments LLC raised its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 24.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 314,858 shares of the company’s stock after purchasing an additional 61,012 shares during the period. Clearbridge Investments LLC owned 0.30% of Floor & Decor worth $35,126,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. FMR LLC grew its holdings in Floor & Decor by 13.1% during the 3rd quarter. FMR LLC now owns 4,605,699 shares of the company’s stock worth $416,816,000 after acquiring an additional 531,891 shares during the period. Wellington Management Group LLP grew its holdings in Floor & Decor by 435.1% during the 3rd quarter. Wellington Management Group LLP now owns 653,740 shares of the company’s stock worth $59,163,000 after acquiring an additional 531,574 shares during the period. Principal Financial Group Inc. grew its holdings in Floor & Decor by 3,355.8% during the 4th quarter. Principal Financial Group Inc. now owns 444,583 shares of the company’s stock worth $49,598,000 after acquiring an additional 431,718 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Floor & Decor during the 4th quarter worth about $42,114,000. Finally, Kiwi Wealth Investments Limited Partnership acquired a new stake in Floor & Decor during the 3rd quarter worth about $32,250,000.

Floor & Decor Trading Down 1.6 %

Shares of FND stock opened at $115.01 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. Floor & Decor Holdings, Inc. has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a market capitalization of $12.31 billion, a PE ratio of 55.56, a price-to-earnings-growth ratio of 12.03 and a beta of 1.86. The business’s fifty day moving average is $118.02 and its 200 day moving average is $109.67.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the business posted $0.66 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. TD Cowen decreased their price target on Floor & Decor from $125.00 to $115.00 and set a “hold” rating for the company in a report on Friday, May 3rd. Truist Financial raised their target price on Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Guggenheim raised their target price on Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Stifel Nicolaus reduced their target price on Floor & Decor from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, February 26th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $110.00 target price on shares of Floor & Decor in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $109.24.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, President Trevor Lang sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the sale, the president now owns 170,844 shares in the company, valued at $21,061,648.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Steven Alan Denny sold 5,152 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the transaction, the executive vice president now directly owns 13,271 shares of the company’s stock, valued at $1,639,233.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Trevor Lang sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the sale, the president now directly owns 170,844 shares in the company, valued at $21,061,648.32. The disclosure for this sale can be found here. Insiders have sold 98,446 shares of company stock worth $11,924,005 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Floor & Decor Company 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.