RiverPark Advisors LLC Boosts Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

RiverPark Advisors LLC raised its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 361.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 604 shares of the company’s stock after purchasing an additional 473 shares during the quarter. RiverPark Advisors LLC’s holdings in Floor & Decor were worth $78,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. raised its position in Floor & Decor by 4.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company’s stock valued at $285,000 after purchasing an additional 96 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Floor & Decor by 24.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock valued at $64,000 after buying an additional 113 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Floor & Decor by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company’s stock valued at $2,609,000 after buying an additional 117 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of Floor & Decor by 2.4% in 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 period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Floor & Decor by 1.1% in 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.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Mizuho cut their price objective on Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Robert W. Baird reiterated an “outperform” rating and issued a $127.00 price objective on shares of Floor & Decor in a report on Tuesday, July 2nd. UBS Group cut their price objective on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Telsey Advisory Group reissued a “market perform” rating and set a $110.00 target price on shares of Floor & Decor in a research note on Monday, April 29th. Finally, Wedbush reissued an “outperform” rating and set a $125.00 target price on shares of Floor & Decor in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Floor & Decor has an average rating of “Hold” and an average price target of $108.62.

Floor & Decor Stock Performance

FND traded down $2.34 on Tuesday, hitting $89.87. 2,234,026 shares of the company traded hands, compared to its average volume of 1,385,429. The company has a 50 day moving average of $112.68 and a 200-day moving average of $113.34. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $9.62 billion, a PE ratio of 43.42, a PEG ratio of 9.60 and a beta of 1.73. Floor & Decor Holdings, Inc. has a 12-month low of $76.30 and a 12-month high of $135.67.

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

Insider Transactions at Floor & Decor

In related news, Director Peter Starrett sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total value of $591,200.00. Following the completion of the transaction, the director now directly owns 128,189 shares of the company’s stock, valued at approximately $15,157,067.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Peter Starrett sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total value of $591,200.00. Following the completion of the transaction, the director now directly owns 128,189 shares of the company’s stock, valued at approximately $15,157,067.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the chief executive officer now directly owns 168,386 shares of the company’s stock, valued at $21,048,250. The disclosure for this sale can be found here. In the last three months, insiders sold 41,778 shares of company stock valued at $5,182,791. 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.