Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 132,078 shares of the company’s stock after selling 1,747 shares during the period. Retirement Systems of Alabama owned 0.12% of Floor & Decor worth $13,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new stake in shares of Floor & Decor in the first quarter worth about $26,000. Rise Advisors LLC purchased a new position in Floor & Decor in the 1st quarter worth approximately $39,000. J.Safra Asset Management Corp grew its position in Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after acquiring an additional 372 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Floor & Decor by 97.1% during the first quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock valued at $44,000 after purchasing an additional 167 shares during the period. Finally, GAMMA Investing LLC acquired a new position in shares of Floor & Decor during the fourth quarter worth $53,000.

Insider Transactions at Floor & Decor

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 stock was 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 directly owns 168,386 shares in the company, valued at approximately $21,048,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.10% of the company’s stock.

Floor & Decor Stock Performance

Shares of Floor & Decor stock traded up $5.15 on Friday, reaching $111.65. 842,954 shares of the company were exchanged, compared to its average volume of 1,499,009. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. The company’s 50-day moving average is $100.44 and its two-hundred day moving average is $111.27. The firm has a market cap of $11.95 billion, a price-to-earnings ratio of 53.94, a P/E/G ratio of 10.13 and a beta of 1.74. Floor & Decor Holdings, Inc. has a 1-year low of $76.30 and a 1-year high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Floor & Decor had a return on equity of 10.85% and a net margin of 4.78%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS. As a group, research analysts expect that Floor & Decor Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FND shares. Piper Sandler lowered their price target on shares of Floor & Decor from $115.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. cut their price target on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Truist Financial cut their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. UBS Group cut their price target on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Finally, Robert W. Baird cut their price target on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $104.37.

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.