Retirement Systems of Alabama Boosts Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Retirement Systems of Alabama lifted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 0.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,825 shares of the company’s stock after buying an additional 351 shares during the period. Retirement Systems of Alabama owned approximately 0.13% of Floor & Decor worth $17,346,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. grew its stake in shares of Floor & Decor by 4.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company’s stock worth $285,000 after acquiring an additional 96 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Floor & Decor by 24.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock worth $64,000 after purchasing an additional 113 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Floor & Decor by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company’s stock worth $2,609,000 after purchasing an additional 117 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Floor & Decor by 2.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock valued at $574,000 after buying an additional 120 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Floor & Decor by 1.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock valued at $1,195,000 after buying an additional 121 shares during the period.

Insider Activity at Floor & Decor

In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of Floor & Decor stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the sale, the chief executive officer now directly owns 168,386 shares in the company, valued at $21,048,250. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Peter Starrett sold 1,569 shares of Floor & Decor stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $122.61, for a total value of $192,375.09. Following the completion of the transaction, the director now owns 118,620 shares of the company’s stock, valued at approximately $14,543,998.20. The disclosure for this sale can be found here. Insiders have sold a total of 41,778 shares of company stock valued at $5,182,791 over the last 90 days. 2.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on FND. Piper Sandler lifted their price objective on Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Mizuho lowered their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. TD Cowen dropped their price objective on shares of Floor & Decor from $125.00 to $115.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 target price on shares of Floor & Decor in a report on Monday, April 29th. Finally, UBS Group dropped their price target on shares of Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $108.62.

Floor & Decor Price Performance

Shares of Floor & Decor stock traded down $3.79 during trading on Friday, reaching $93.19. 1,894,627 shares of the stock traded hands, compared to its average volume of 1,366,127. Floor & Decor Holdings, Inc. has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. The business has a fifty day simple moving average of $113.82 and a two-hundred day simple moving average of $113.75. The company has a market capitalization of $9.97 billion, a price-to-earnings ratio of 46.85, a P/E/G ratio of 9.99 and a beta of 1.73.

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 the consensus estimate of $0.44 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. Sell-side analysts expect that Floor & Decor Holdings, Inc. will post 1.89 EPS for the current year.

About Floor & Decor

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.