Wellington Management Group LLP Increases Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Wellington Management Group LLP increased its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 40.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 919,362 shares of the company’s stock after buying an additional 265,622 shares during the quarter. Wellington Management Group LLP owned about 0.86% of Floor & Decor worth $102,564,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FND. DekaBank Deutsche Girozentrale purchased a new stake in shares of Floor & Decor during the third quarter valued at $30,000. Mendota Financial Group LLC acquired a new position in Floor & Decor during the fourth quarter valued at $33,000. GAMMA Investing LLC acquired a new position in Floor & Decor during the fourth quarter valued at $53,000. Whittier Trust Co. of Nevada Inc. lifted its position in Floor & Decor by 24.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock valued at $64,000 after purchasing an additional 113 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Floor & Decor by 905.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 704 shares of the company’s stock valued at $79,000 after purchasing an additional 634 shares during the period.

Insider Activity at Floor & Decor

In related news, EVP Steven Alan Denny sold 1,010 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were 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 owns 12,911 shares of the company’s stock, valued at approximately $1,589,473.21. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Steven Alan Denny sold 1,010 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $123.11, for a total value of $124,341.10. Following the completion of the sale, the executive vice president now owns 12,911 shares of the company’s stock, valued at approximately $1,589,473.21. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Peter Starrett sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were 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 disclosure for this sale can be found here. In the last quarter, insiders sold 41,778 shares of company stock valued at $5,182,791. Corporate insiders own 2.10% of the company’s stock.

Floor & Decor Stock Down 1.9 %

FND stock opened at $117.51 on Friday. The stock has a market capitalization of $12.57 billion, a P/E ratio of 56.77, a P/E/G ratio of 12.34 and a beta of 1.78. The firm has a 50-day simple moving average of $115.20 and a 200-day simple moving average of $113.77. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the company earned $0.66 EPS. Floor & Decor’s revenue was down 2.2% compared to the same quarter last year. Equities analysts forecast that Floor & Decor Holdings, Inc. will post 1.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on FND. TD Cowen decreased their target price on shares of Floor & Decor from $125.00 to $115.00 and set a “hold” rating for the company in a research report on Friday, May 3rd. Telsey Advisory Group restated a “market perform” rating and set a $110.00 target price on shares of Floor & Decor in a research report on Monday, April 29th. Mizuho decreased their target price on shares of Floor & Decor from $115.00 to $110.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Guggenheim upped their price objective on shares of Floor & Decor from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, Stifel Nicolaus decreased their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a “hold” rating for the company in a research report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $109.24.

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.