Virtu Financial LLC Boosts Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Virtu Financial LLC boosted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 117.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 11,160 shares of the company’s stock after purchasing an additional 6,033 shares during the period. Virtu Financial LLC’s holdings in Floor & Decor were worth $1,447,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Tidal Investments LLC purchased a new position in Floor & Decor during the 1st quarter worth $230,000. Vancity Investment Management Ltd lifted its stake in shares of Floor & Decor by 1.5% in the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock worth $991,000 after acquiring an additional 111 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Floor & Decor by 0.6% in the 1st quarter. Janus Henderson Group PLC now owns 56,783 shares of the company’s stock worth $7,359,000 after acquiring an additional 334 shares during the period. Envoi LLC acquired a new stake in shares of Floor & Decor in the 1st quarter worth $356,000. Finally, Capital Research Global Investors lifted its stake in shares of Floor & Decor by 20.4% in the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after acquiring an additional 1,334,650 shares during the period.

Floor & Decor Trading Up 4.0 %

Floor & Decor stock traded up $3.76 during trading on Friday, reaching $97.90. The company had a trading volume of 4,632,778 shares, compared to its average volume of 1,511,201. Floor & Decor Holdings, Inc. has a 12-month low of $76.30 and a 12-month high of $135.67. The stock’s 50 day moving average price is $104.49 and its two-hundred day moving average price is $111.50. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 47.29, a PEG ratio of 10.55 and a beta of 1.74. 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 (NYSE:FND) last released its earnings results on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. Floor & Decor’s revenue was down .2% compared to the same quarter last year. As a group, equities analysts expect that Floor & Decor Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, Director Peter Starrett sold 5,000 shares of Floor & Decor stock in a transaction that occurred 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 transaction, the director now directly owns 128,189 shares of the company’s stock, valued at $15,157,067.36. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Peter Starrett sold 5,000 shares of the business’s 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 transaction, the director now directly owns 128,189 shares of the company’s stock, valued at $15,157,067.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Steven Alan Denny sold 1,010 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $123.11, for a total transaction of $124,341.10. Following the transaction, the executive vice president now directly owns 12,911 shares in the company, valued at $1,589,473.21. 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 ninety days. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Wedbush restated an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a research note on Friday. Guggenheim reduced their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Robert W. Baird reduced their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $103.32.

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.