Citigroup Inc. Sells 5,424 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Posted by Defense World Staff on May 23rd, 2023

Citigroup Inc. trimmed its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 10.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 48,199 shares of the company’s stock after selling 5,424 shares during the period. Citigroup Inc.’s holdings in Floor & Decor were worth $3,356,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PARK CIRCLE Co bought a new position in Floor & Decor during the 3rd quarter valued at about $28,000. FourThought Financial LLC lifted its holdings in Floor & Decor by 47.9% during 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. Belpointe Asset Management LLC bought a new position in Floor & Decor during the 4th quarter valued at about $35,000. Standard Family Office LLC bought a new position in shares of Floor & Decor in the third quarter worth about $48,000. Finally, Y.D. More Investments Ltd bought a new position in shares of Floor & Decor in the fourth quarter worth about $51,000.

Floor & Decor Stock Up 2.4 %

Shares of NYSE FND opened at $90.57 on Tuesday. The stock has a market cap of $9.62 billion, a P/E ratio of 32.70, a P/E/G ratio of 1.56 and a beta of 1.86. The firm has a 50 day moving average price of $94.66 and a 200 day moving average price of $86.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.15 and a current ratio of 1.32. Floor & Decor Holdings, Inc. has a 52-week low of $59.91 and a 52-week high of $102.61.

Floor & Decor (NYSE:FND – Get Rating) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $1.12 billion for 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 firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. Analysts expect that Floor & Decor Holdings, Inc. will post 2.66 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays assumed coverage on shares of Floor & Decor in a research note on Tuesday, February 7th. They issued an “underweight” rating and a $88.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Floor & Decor from $105.00 to $110.00 in a research note on Friday, April 28th. Citigroup dropped their target price on shares of Floor & Decor from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, March 3rd. 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 report on Friday, February 24th. Finally, Guggenheim reiterated a “buy” rating and set a $100.00 price target on shares of Floor & Decor in a research report on Wednesday, March 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $92.00.

Insider Activity

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

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.

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

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