Arizona State Retirement System boosted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,921 shares of the company’s stock after acquiring an additional 1,154 shares during the quarter. Arizona State Retirement System’s holdings in Floor & Decor were worth $2,083,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wipfli Financial Advisors LLC bought a new stake in Floor & Decor during the third quarter worth $25,000. PARK CIRCLE Co bought a new position in shares of Floor & Decor in the third quarter valued at about $28,000. FourThought Financial LLC raised its position in shares of Floor & Decor by 47.9% in the third quarter. FourThought Financial LLC now owns 463 shares of the company’s stock valued at $33,000 after purchasing an additional 150 shares during the period. Standard Family Office LLC bought a new position in shares of Floor & Decor in the third quarter valued at about $48,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Floor & Decor in the first quarter valued at about $57,000.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on FND. Gordon Haskett lowered shares of Floor & Decor from an “accumulate” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research report on Friday, February 10th. Piper Sandler raised their price target on shares of Floor & Decor from $66.00 to $86.00 in a research report on Wednesday, February 15th. Guggenheim reaffirmed a “buy” rating and set a $100.00 price target on shares of Floor & Decor in a research report on Wednesday, March 15th. TheStreet raised shares of Floor & Decor from a “c+” rating to a “b-” rating in a research report on Monday, March 27th. Finally, Morgan Stanley raised 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 report on Friday, February 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $92.00.
Floor & Decor Trading Down 0.3 %
Floor & Decor (NYSE:FND – Get Rating) last posted its quarterly earnings results on Thursday, May 4th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a net margin of 6.86% and a return on equity of 18.37%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 earnings per share. On average, analysts forecast that Floor & Decor Holdings, Inc. will post 2.7 earnings per share for the current fiscal year.
Insider Activity at Floor & Decor
In related news, Director Richard L. Sullivan sold 1,734 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $91.94, for a total value of $159,423.96. Following the completion of the transaction, the director now owns 9,189 shares in the company, valued at approximately $844,836.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Floor & Decor news, EVP David Victor Christopherson sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $92.00, for a total transaction of $368,000.00. Following the completion of the transaction, the executive vice president now owns 56,527 shares in the company, valued at approximately $5,200,484. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard L. Sullivan sold 1,734 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $91.94, for a total transaction of $159,423.96. Following the transaction, the director now owns 9,189 shares of the company’s stock, valued at approximately $844,836.66. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.
About Floor & Decor
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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