Congress Asset Management Co. MA Sells 2,654 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Congress Asset Management Co. MA lessened its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 61.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,691 shares of the company’s stock after selling 2,654 shares during the period. Congress Asset Management Co. MA’s holdings in Floor & Decor were worth $219,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rise Advisors LLC bought a new stake in Floor & Decor in the first quarter valued at approximately $39,000. Mather Group LLC. bought a new stake in Floor & Decor in the first quarter valued at approximately $95,000. Symmetry Partners LLC bought a new stake in Floor & Decor in the first quarter valued at approximately $255,000. PNC Financial Services Group Inc. raised its stake in Floor & Decor by 1.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock valued at $1,195,000 after buying an additional 121 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Floor & Decor by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 9,658,747 shares of the company’s stock worth $1,077,530,000 after purchasing an additional 300,506 shares during the period.

Analysts Set New Price Targets

FND has been the topic of a number of recent research reports. Mizuho lowered their target price on Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Guggenheim increased their target price on Floor & Decor from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Bank of America increased their target price on Floor & Decor from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. TD Cowen lowered their target price on Floor & Decor from $125.00 to $115.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. Finally, UBS Group reduced their price target on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $109.24.

Floor & Decor Trading Down 2.4 %

Shares of FND stock opened at $114.66 on Monday. The stock’s fifty day moving average price is $115.24 and its two-hundred day moving average price is $114.09. The company has a market cap of $12.27 billion, a PE ratio of 55.39, a P/E/G ratio of 12.10 and a beta of 1.78. Floor & Decor Holdings, Inc. has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17.

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

Insider Activity at Floor & Decor

In related news, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the sale, the chief executive officer now owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the sale, the chief executive officer now owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Steven Alan Denny sold 1,010 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 12,911 shares in the company, valued at approximately $1,589,473.21. The disclosure for this sale can be found here. Insiders have sold a total of 41,778 shares of company stock valued at $5,182,791 in the last 90 days. 2.10% of the stock is owned by corporate insiders.

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.