Nisa Investment Advisors LLC Has $313,000 Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Posted by on Apr 30th, 2023

Nisa Investment Advisors LLC decreased its stake in Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 34.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,494 shares of the company’s stock after selling 2,312 shares during the period. Nisa Investment Advisors LLC’s holdings in Floor & Decor were worth $313,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. ACR Alpine Capital Research LLC grew its stake in shares of Floor & Decor by 2.6% in the fourth quarter. ACR Alpine Capital Research LLC now owns 6,958 shares of the company’s stock worth $484,000 after acquiring an additional 177 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Floor & Decor by 21.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,517 shares of the company’s stock worth $1,150,000 after acquiring an additional 2,936 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Floor & Decor by 18.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 9,825 shares of the company’s stock worth $684,000 after acquiring an additional 1,504 shares during the last quarter. Keybank National Association OH grew its stake in shares of Floor & Decor by 14.0% in the fourth quarter. Keybank National Association OH now owns 8,671 shares of the company’s stock worth $604,000 after acquiring an additional 1,065 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its stake in Floor & Decor by 38.1% during the fourth quarter. Kestra Advisory Services LLC now owns 9,013 shares of the company’s stock worth $628,000 after buying an additional 2,485 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FND shares. Citigroup decreased their price target on shares of Floor & Decor from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, March 3rd. Robert W. Baird lifted their price target on shares of Floor & Decor from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. Morgan Stanley lifted their price target on shares of Floor & Decor from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, February 24th. Roth Capital lifted their price target on shares of Floor & Decor from $72.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday, February 27th. Finally, Piper Sandler lifted their price target on shares of Floor & Decor from $66.00 to $86.00 in a research note on Wednesday, February 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $92.47.

Insiders Place Their Bets

In other Floor & Decor news, Director Richard L. Sullivan sold 1,734 shares of the business’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $91.94, for a total transaction of $159,423.96. Following the completion of the sale, the director now directly owns 9,189 shares of the company’s stock, valued at approximately $844,836.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Floor & Decor news, Director Richard L. Sullivan sold 1,734 shares of the business’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $91.94, for a total transaction of $159,423.96. Following the completion of the sale, the director now directly owns 9,189 shares of the company’s stock, valued at approximately $844,836.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Victor Christopherson sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $92.00, for a total value of $368,000.00. Following the transaction, the executive vice president now owns 56,527 shares of the company’s stock, valued at $5,200,484. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Floor & Decor Stock Performance

Floor & Decor stock opened at $99.34 on Friday. The stock has a 50-day simple moving average of $93.46 and a 200 day simple moving average of $83.84. The company has a quick ratio of 0.16, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. Floor & Decor Holdings, Inc. has a 12-month low of $59.91 and a 12-month high of $102.61. The stock has a market capitalization of $10.55 billion, a price-to-earnings ratio of 35.86, a P/E/G ratio of 1.64 and a beta of 1.86.

Floor & Decor (NYSE:FND – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Floor & Decor had a return on equity of 19.35% and a net margin of 6.99%. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share. On average, research analysts anticipate that Floor & Decor Holdings, Inc. will post 2.74 earnings per share for the current fiscal year.

Floor & Decor Company Profile

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Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.

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Institutional Ownership by Quarter for Floor & Decor (NYSE:FND)

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