Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning decreased its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 34.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,830 shares of the company’s stock after selling 1,469 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Floor & Decor were worth $367,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Riverview Trust Co acquired a new position in Floor & Decor during the 1st quarter worth about $26,000. Mendota Financial Group LLC acquired a new position in Floor & Decor during the 4th quarter worth about $33,000. Rise Advisors LLC acquired a new position in Floor & Decor during the 1st quarter worth about $39,000. GAMMA Investing LLC purchased a new stake in Floor & Decor during the 4th quarter worth about $53,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Floor & Decor by 24.4% during the 4th 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 period.

Floor & Decor Stock Up 1.1 %

Floor & Decor stock opened at $97.11 on Thursday. Floor & Decor Holdings, Inc. has a twelve month low of $76.30 and a twelve month high of $135.67. The stock has a 50 day moving average of $114.04 and a two-hundred day moving average of $113.87. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $10.39 billion, a price-to-earnings ratio of 46.91, a PEG ratio of 10.24 and a beta of 1.74.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data 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 company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm earned $0.66 EPS. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, research analysts expect that Floor & Decor Holdings, Inc. will post 1.89 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Thomas V. Taylor sold 34,199 shares of Floor & Decor 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 directly owns 168,386 shares in the company, valued at $21,048,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Thomas V. Taylor sold 34,199 shares of Floor & Decor 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 directly owns 168,386 shares in the company, valued at $21,048,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Steven Alan Denny sold 1,010 shares of Floor & Decor 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 in the company, valued at $1,589,473.21. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,778 shares of company stock valued at $5,182,791. 2.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Evercore ISI cut their price target on Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a report on Tuesday. Wedbush restated an “outperform” rating and set a $125.00 price target on shares of Floor & Decor in a report on Friday, May 3rd. Bank of America upped their price target on Floor & Decor from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Mizuho cut their price target on Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Finally, UBS Group cut their price target on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Two equities 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $108.62.

About Floor & Decor

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.