Floor & Decor Holdings, Inc. (NYSE:FND) Shares Acquired by Coombe Bender & Co LLC

Coombe Bender & Co LLC grew its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 16.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,897 shares of the company’s stock after purchasing an additional 1,105 shares during the quarter. Coombe Bender & Co LLC’s holdings in Floor & Decor were worth $881,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. New York State Teachers Retirement System purchased a new stake in shares of Floor & Decor during the fourth quarter worth $4,161,000. Pacer Advisors Inc. acquired a new stake in Floor & Decor during the fourth quarter worth about $1,767,000. Kestra Advisory Services LLC grew its position in Floor & Decor by 7.1% during the third quarter. Kestra Advisory Services LLC now owns 5,292 shares of the company’s stock worth $479,000 after buying an additional 349 shares in the last quarter. Yousif Capital Management LLC bought a new position in Floor & Decor during the fourth quarter worth about $5,614,000. Finally, State of Alaska Department of Revenue bought a new position in Floor & Decor during the fourth quarter worth about $1,284,000.

Floor & Decor Price Performance

Shares of FND stock traded up $2.01 on Thursday, reaching $111.30. The company’s stock had a trading volume of 594,605 shares, compared to its average volume of 1,370,299. The stock’s 50 day simple moving average is $119.00 and its 200-day simple moving average is $105.88. Floor & Decor Holdings, Inc. has a 12-month low of $76.30 and a 12-month high of $135.67. The company has a quick ratio of 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $11.88 billion, a P/E ratio of 48.14, a PEG ratio of 5.31 and a beta of 1.86.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the business posted $0.64 earnings per share. As a group, equities analysts predict that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Transactions at Floor & Decor

In other news, President Trevor Lang sold 13,000 shares of Floor & Decor stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the transaction, the president now owns 170,844 shares in the company, valued at $21,061,648.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CAO David Victor Christopherson sold 6,850 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the sale, the chief accounting officer now directly owns 25,271 shares of the company’s stock, valued at approximately $2,999,667.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Trevor Lang sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the sale, the president now directly owns 170,844 shares in the company, valued at $21,061,648.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,867 shares of company stock worth $11,016,089. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FND. Sanford C. Bernstein cut shares of Floor & Decor from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $100.00 to $115.00 in a research note on Tuesday, January 16th. Barclays boosted their price target on shares of Floor & Decor from $66.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, January 4th. Truist Financial upped their target price on shares of Floor & Decor from $102.00 to $127.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Wells Fargo & Company cut shares of Floor & Decor from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $85.00 to $105.00 in a research report on Thursday, January 4th. Finally, Mizuho began coverage on shares of Floor & Decor in a report on Tuesday, March 19th. They issued a “neutral” rating and a $115.00 target price on the stock. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $110.19.

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.