Riverview Trust Co Invests $26,000 in Floor & Decor Holdings, Inc. (NYSE:FND)

Riverview Trust Co acquired a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 197 shares of the company’s stock, valued at approximately $26,000.

Several other hedge funds also recently modified their holdings of FND. Polen Capital Management LLC increased its holdings in shares of Floor & Decor by 59,133.5% in the fourth quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock valued at $27,861,000 after purchasing an additional 25,141,795 shares in the last quarter. Capital World Investors grew its holdings in Floor & Decor by 5.6% during the 4th quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock worth $1,328,518,000 after acquiring an additional 627,256 shares during the period. Vanguard Group Inc. grew its holdings in Floor & Decor by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 9,658,747 shares of the company’s stock worth $1,077,530,000 after acquiring an additional 300,506 shares during the period. Capital Research Global Investors grew its holdings in Floor & Decor by 4.8% during the 4th quarter. Capital Research Global Investors now owns 6,537,191 shares of the company’s stock worth $729,327,000 after acquiring an additional 298,386 shares during the period. Finally, WCM Investment Management LLC boosted 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.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter Starrett sold 1,569 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $122.61, for a total transaction of $192,375.09. Following the completion of the sale, the director now directly owns 118,620 shares of the company’s stock, valued at approximately $14,543,998.20. The disclosure for this sale can be found here. Insiders sold 41,778 shares of company stock valued at $5,182,791 in the last quarter. Company insiders own 2.10% of the company’s stock.

Floor & Decor Stock Up 0.6 %

Shares of FND opened at $105.56 on Thursday. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67. The firm has a market cap of $11.30 billion, a P/E ratio of 51.00, a price-to-earnings-growth ratio of 10.81 and a beta of 1.78. The firm’s 50-day simple moving average is $115.19 and its 200 day simple moving average is $114.15. 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 announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. Floor & Decor’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 EPS. On average, analysts forecast that Floor & Decor Holdings, Inc. will post 1.89 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Mizuho reduced their price target on shares of Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Evercore ISI boosted their price objective on shares of Floor & Decor from $120.00 to $125.00 and gave the company an “in-line” rating in a research report on Tuesday, May 14th. TD Cowen cut their price target on shares of Floor & Decor from $125.00 to $115.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd. Telsey Advisory Group reissued a “market perform” rating and set a $110.00 price target on shares of Floor & Decor in a research report on Monday, April 29th. Finally, Bank of America boosted their price target on shares of Floor & Decor from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. 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 MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $109.24.

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.