Azzad Asset Management Inc. ADV Sells 105 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Azzad Asset Management Inc. ADV decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,261 shares of the company’s stock after selling 105 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Floor & Decor were worth $4,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in FND. Polen Capital Management LLC grew its stake in Floor & Decor by 59,133.5% in the 4th quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock worth $27,861,000 after buying an additional 25,141,795 shares in the last quarter. Capital World Investors boosted its stake in Floor & Decor by 5.6% during the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock worth $1,328,518,000 after acquiring an additional 627,256 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Floor & Decor by 435.1% in the 3rd quarter. Wellington Management Group LLP now owns 653,740 shares of the company’s stock worth $59,163,000 after purchasing an additional 531,574 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Floor & Decor by 3,355.8% during the fourth quarter. Principal Financial Group Inc. now owns 444,583 shares of the company’s stock valued at $49,598,000 after acquiring an additional 431,718 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Floor & Decor in the fourth quarter worth about $42,114,000.

Floor & Decor Trading Up 1.3 %

FND traded up $1.24 during mid-day trading on Wednesday, hitting $97.31. 628,304 shares of the stock were exchanged, compared to its average volume of 1,354,187. The firm’s fifty day moving average is $114.29 and its two-hundred day moving average is $113.99. Floor & Decor Holdings, Inc. has a 1-year low of $76.30 and a 1-year high of $135.67. The company has a market cap of $10.41 billion, a PE ratio of 46.42, a PEG ratio of 10.24 and a beta of 1.74. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FND. Telsey Advisory Group reissued a “market perform” rating and set a $110.00 price objective on shares of Floor & Decor in a report on Monday, April 29th. Piper Sandler upped their price objective on Floor & Decor from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. TD Cowen reduced their price objective on shares of Floor & Decor from $125.00 to $115.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd. Wedbush reiterated an “outperform” rating and set a $125.00 target price on shares of Floor & Decor in a research report on Friday, May 3rd. Finally, Bank of America raised their price objective on Floor & Decor from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $108.62.

Insiders Place Their Bets

In related news, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the sale, the chief executive officer now owns 168,386 shares of the company’s stock, valued at $21,048,250. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Peter Starrett sold 5,000 shares of Floor & Decor stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total transaction of $591,200.00. Following the sale, the director now directly owns 128,189 shares in the company, valued at approximately $15,157,067.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the completion of the transaction, the chief executive officer now owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The disclosure for this sale can be found here. Insiders sold a total of 41,778 shares of company stock worth $5,182,791 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.