Swiss National Bank Grows Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Posted by on May 13th, 2023

Swiss National Bank lifted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 256,000 shares of the company’s stock after purchasing an additional 5,000 shares during the period. Swiss National Bank owned 0.24% of Floor & Decor worth $17,825,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wipfli Financial Advisors LLC acquired a new position in Floor & Decor during the third quarter worth $25,000. PARK CIRCLE Co purchased a new position in Floor & Decor during the third quarter worth about $28,000. FourThought Financial LLC boosted its holdings in Floor & Decor by 47.9% in the 3rd 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 last quarter. Standard Family Office LLC purchased a new stake in shares of Floor & Decor in the 3rd quarter valued at approximately $48,000. Finally, Y.D. More Investments Ltd purchased a new stake in shares of Floor & Decor during the 4th quarter valued at approximately $51,000.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wells Fargo & Company increased their price objective on Floor & Decor from $105.00 to $110.00 in a research report on Friday, April 28th. Robert W. Baird upped their target price on shares of Floor & Decor from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, February 24th. Guggenheim reaffirmed a “buy” rating and set a $100.00 target price on shares of Floor & Decor in a research note on Wednesday, March 15th. Telsey Advisory Group reduced their price target on shares of Floor & Decor from $90.00 to $85.00 and set a “market perform” rating on the stock in a research note on Friday, February 24th. Finally, Citigroup decreased their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $92.00.

Insider Transactions at Floor & Decor

In other Floor & Decor news, EVP David Victor Christopherson sold 4,000 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $92.00, for a total value of $368,000.00. Following the sale, the executive vice president now directly owns 56,527 shares in the company, valued at $5,200,484. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP David Victor Christopherson sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $92.00, for a total value of $368,000.00. Following the completion of the transaction, the executive vice president now directly owns 56,527 shares of the company’s stock, valued at $5,200,484. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 sale, the director now directly owns 9,189 shares in the company, valued at approximately $844,836.66. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

Floor & Decor Price Performance

Shares of NYSE FND opened at $92.57 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.32 and a quick ratio of 0.15. The company has a market cap of $9.83 billion, a price-to-earnings ratio of 33.42, a price-to-earnings-growth ratio of 1.59 and a beta of 1.86. The stock’s 50-day moving average is $94.36 and its two-hundred day moving average is $85.55. Floor & Decor Holdings, Inc. has a 1-year low of $59.91 and a 1-year high of $102.61.

Floor & Decor (NYSE:FND – Get Rating) last released its 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). Floor & Decor had a return on equity of 18.37% and a net margin of 6.86%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Analysts forecast that Floor & Decor Holdings, Inc. will post 2.7 EPS 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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