TimesSquare Capital Management LLC Has $55.05 Million Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

TimesSquare Capital Management LLC reduced its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 19.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 493,477 shares of the company’s stock after selling 117,490 shares during the quarter. TimesSquare Capital Management LLC owned 0.46% of Floor & Decor worth $55,052,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FND. Commonwealth Equity Services LLC boosted its holdings in shares of Floor & Decor by 9.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,559 shares of the company’s stock worth $413,000 after acquiring an additional 394 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Floor & Decor by 2.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 5,410 shares of the company’s stock valued at $490,000 after buying an additional 136 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Floor & Decor by 0.5% in the third quarter. Raymond James & Associates now owns 86,168 shares of the company’s stock valued at $7,798,000 after buying an additional 435 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in Floor & Decor by 6.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,988 shares of the company’s stock worth $361,000 after buying an additional 234 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Floor & Decor by 10.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,805 shares of the company’s stock worth $1,792,000 after acquiring an additional 1,838 shares during the last quarter.

Insider Transactions at Floor & Decor

In other Floor & Decor news, CFO Bryan Langley sold 5,865 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total transaction of $702,978.90. Following the sale, the chief financial officer now directly owns 17,422 shares of the company’s stock, valued at approximately $2,088,200.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Bryan Langley sold 5,865 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total transaction of $702,978.90. Following the sale, the chief financial officer now owns 17,422 shares in the company, valued at approximately $2,088,200.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Peter Starrett sold 5,000 shares of the firm’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 completion of the transaction, the director now directly owns 128,189 shares of the company’s stock, valued at $15,157,067.36. The disclosure for this sale can be found here. Insiders sold 95,867 shares of company stock valued at $11,607,289 in the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Floor & Decor from $115.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 26th. Bank of America lifted their target price on Floor & Decor from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. 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. Evercore ISI lowered their price objective on Floor & Decor from $120.00 to $115.00 and set an “in-line” rating for the company in a research report on Friday, May 3rd. Finally, The Goldman Sachs Group upped their target price on shares of Floor & Decor from $71.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Two investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $108.76.

Floor & Decor Stock Up 4.0 %

Shares of FND stock traded up $4.66 during trading hours on Thursday, hitting $120.01. 820,647 shares of the company were exchanged, compared to its average volume of 1,387,034. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average of $118.69 and a two-hundred day moving average of $106.95. The company has a market capitalization of $12.81 billion, a PE ratio of 57.98, a PEG ratio of 5.51 and a beta of 1.86.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. The firm had revenue of $1.10 billion for 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 quarter last year, the business posted $0.66 EPS. Analysts anticipate that Floor & Decor Holdings, Inc. will post 1.9 earnings per share for the current fiscal year.

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.