Vaughan Nelson Investment Management L.P. Has $16.35 Million Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Vaughan Nelson Investment Management L.P. decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 66.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,167 shares of the company’s stock after selling 251,334 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.12% of Floor & Decor worth $16,354,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Riverview Trust Co acquired a new position in Floor & Decor during the first quarter worth about $26,000. Mendota Financial Group LLC acquired a new position in shares of Floor & Decor in the fourth quarter valued at approximately $33,000. Rise Advisors LLC acquired a new position in shares of Floor & Decor in the first quarter valued at approximately $39,000. GAMMA Investing LLC acquired a new position in shares of Floor & Decor in the fourth quarter valued at approximately $53,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Floor & Decor by 24.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock valued at $64,000 after buying an additional 113 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FND. Mizuho lowered their price objective on Floor & Decor from $115.00 to $110.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Piper Sandler upped their target price on Floor & Decor from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Wedbush reiterated an “outperform” rating and issued a $125.00 target price on shares of Floor & Decor in a report on Friday, May 3rd. UBS Group reduced their target price on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $127.00 target price on shares of Floor & Decor in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $108.62.

Insider Buying and Selling

In other Floor & Decor news, Director Peter Starrett sold 5,000 shares of the firm’s 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 transaction, the director now directly owns 128,189 shares in the company, valued at approximately $15,157,067.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Floor & Decor news, Director Peter Starrett sold 5,000 shares of the firm’s 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 transaction, the director now directly owns 128,189 shares in the company, valued at approximately $15,157,067.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 168,386 shares in the company, valued at $21,048,250. 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 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Floor & Decor Price Performance

Shares of FND opened at $96.09 on Wednesday. Floor & Decor Holdings, Inc. has a 12-month low of $76.30 and a 12-month high of $135.67. The business’s fifty day moving average is $114.29 and its 200 day moving average is $113.99. 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 stock has a market cap of $10.28 billion, a P/E ratio of 46.42, a P/E/G ratio of 10.24 and a beta of 1.74.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) 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 company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business earned $0.66 EPS. Floor & Decor’s quarterly revenue was down 2.2% compared to the same quarter last year. Sell-side analysts anticipate 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.