Mather Group LLC. Invests $95,000 in Floor & Decor Holdings, Inc. (NYSE:FND)

Mather Group LLC. bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 732 shares of the company’s stock, valued at approximately $95,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mendota Financial Group LLC bought a new stake in shares of Floor & Decor during the fourth quarter worth $33,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Floor & Decor during the third quarter worth $30,000. GAMMA Investing LLC bought a new stake in shares of Floor & Decor during the fourth quarter worth $53,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Floor & Decor by 24.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock worth $64,000 after purchasing an additional 113 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Floor & Decor by 905.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 704 shares of the company’s stock worth $79,000 after purchasing an additional 634 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently weighed in on FND. Piper Sandler lifted their target price on Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Wedbush restated an “outperform” rating and issued a $125.00 price objective on shares of Floor & Decor in a report on Friday, May 3rd. Telsey Advisory Group restated a “market perform” rating and issued a $110.00 price objective on shares of Floor & Decor in a report on Monday, April 29th. Guggenheim lifted their price objective on Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, Stifel Nicolaus decreased their price objective on Floor & Decor from $115.00 to $110.00 and set a “hold” rating for the company in a report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $109.24.

Insider Activity at Floor & Decor

In related news, Director Peter Starrett sold 5,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $15,157,067.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total value of $4,274,875.00. Following the sale, the chief executive officer now owns 168,386 shares in the company, valued at $21,048,250. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Peter Starrett sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total value of $591,200.00. Following the completion of the sale, the director now owns 128,189 shares in the company, valued at approximately $15,157,067.36. The disclosure for this sale can be found here. Insiders have sold a total of 41,778 shares of company stock worth $5,182,791 over the last quarter. Insiders own 2.10% of the company’s stock.

Floor & Decor Price Performance

Shares of FND stock opened at $114.66 on Friday. Floor & Decor Holdings, Inc. has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The firm has a market capitalization of $12.27 billion, a price-to-earnings ratio of 55.39, a PEG ratio of 12.34 and a beta of 1.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. The stock’s 50-day simple moving average is $115.24 and its 200-day simple moving average is $113.88.

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

Floor & Decor 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.