Rise Advisors LLC Takes $39,000 Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Rise Advisors LLC purchased a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 301 shares of the company’s stock, valued at approximately $39,000.

A number of other institutional investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Floor & Decor by 24.4% in the 4th 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 in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Floor & Decor by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company’s stock valued at $2,609,000 after purchasing an additional 117 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Floor & Decor by 2.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock valued at $574,000 after purchasing an additional 120 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Floor & Decor by 1.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock valued at $1,195,000 after purchasing an additional 121 shares during the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of Floor & Decor by 16.4% in the 4th quarter. Lindbrook Capital LLC now owns 885 shares of the company’s stock valued at $99,000 after purchasing an additional 125 shares during the last quarter.

Insider Activity at Floor & Decor

In related news, CEO Thomas V. Taylor sold 34,199 shares of Floor & Decor 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Peter Starrett sold 1,569 shares of Floor & Decor stock in a transaction on Monday, May 13th. The stock was sold at an average price of $122.61, for a total transaction of $192,375.09. Following the transaction, the director now owns 118,620 shares in the company, valued at approximately $14,543,998.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas V. Taylor sold 34,199 shares of Floor & Decor stock in a transaction 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 transaction, the chief executive officer now owns 168,386 shares in the company, valued at approximately $21,048,250. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,778 shares of company stock valued at $5,182,791. 2.10% of the stock is owned by company insiders.

Floor & Decor Price Performance

Floor & Decor stock opened at $117.51 on Friday. The company’s fifty day moving average price is $115.20 and its 200 day moving average price is $113.77. Floor & Decor Holdings, Inc. has a 1 year low of $76.30 and a 1 year high of $135.67. The stock has a market capitalization of $12.57 billion, a P/E ratio of 56.77, a P/E/G 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.

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

Analyst Ratings Changes

FND has been the subject of several research analyst reports. TD Cowen decreased their price objective on shares of Floor & Decor from $125.00 to $115.00 and set a “hold” rating for the company in a research report on Friday, May 3rd. Piper Sandler increased their price objective on shares of Floor & Decor from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Wedbush reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Floor & Decor in a research report on Friday, May 3rd. Bank of America increased their price objective on shares of Floor & Decor from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Finally, 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. Two 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 company has a consensus rating of “Hold” and a consensus target price of $109.24.

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.