Virtu Financial LLC Buys 2,882 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Virtu Financial LLC lifted its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 128.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,127 shares of the company’s stock after buying an additional 2,882 shares during the quarter. Virtu Financial LLC’s holdings in Floor & Decor were worth $572,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Polen Capital Management LLC grew its position in shares of Floor & Decor by 59,133.5% during the fourth quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock worth $27,861,000 after purchasing an additional 25,141,795 shares in the last quarter. Capital World Investors grew its position in shares of Floor & Decor by 5.6% during the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock worth $1,328,518,000 after purchasing an additional 627,256 shares in the last quarter. Capital Research Global Investors grew its position in shares of Floor & Decor by 4.8% during the fourth quarter. Capital Research Global Investors now owns 6,537,191 shares of the company’s stock worth $729,327,000 after purchasing an additional 298,386 shares in the last quarter. FMR LLC grew its position in shares of Floor & Decor by 13.1% during the third quarter. FMR LLC now owns 4,605,699 shares of the company’s stock worth $416,816,000 after purchasing an additional 531,891 shares in the last quarter. Finally, WCM Investment Management LLC grew its position in shares of Floor & Decor by 1.0% during the fourth quarter. WCM Investment Management LLC now owns 4,521,719 shares of the company’s stock worth $514,979,000 after purchasing an additional 46,964 shares in the last quarter.

Floor & Decor Trading Up 0.2 %

Shares of NYSE FND opened at $118.49 on Tuesday. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $115.08 and a two-hundred day simple moving average of $113.55. The firm has a market cap of $12.68 billion, a PE ratio of 57.24, a price-to-earnings-growth ratio of 12.17 and a beta of 1.78. Floor & Decor Holdings, Inc. has a twelve month low of $76.30 and a twelve month high of $135.67.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. Floor & Decor’s revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 EPS. Analysts expect that Floor & Decor Holdings, Inc. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FND shares. The Goldman Sachs Group raised their price target on Floor & Decor from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Bank of America raised their price target on Floor & Decor from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, March 14th. TD Cowen cut their price target on Floor & Decor from $125.00 to $115.00 and set a “hold” rating for the company in a report on Friday, May 3rd. UBS Group cut their price target on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Finally, Truist Financial raised their price target on Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Floor & Decor currently has a consensus rating of “Hold” and an average target price of $109.24.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, Director Peter Starrett sold 5,000 shares of Floor & Decor stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total transaction of $591,200.00. Following the completion of the sale, the director now directly owns 128,189 shares of the company’s stock, valued at approximately $15,157,067.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Steven Alan Denny sold 1,010 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $123.11, for a total transaction of $124,341.10. Following the completion of the sale, the executive vice president now directly owns 12,911 shares in the company, valued at approximately $1,589,473.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter Starrett sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total value of $591,200.00. Following the sale, the director now 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 a total of 41,778 shares of company stock valued at $5,182,791 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.

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.