Key Points
- EVP Ersan Sayman sold 21,428 Floor & Decor shares for about $1.11 million at an average price of $52. After the sale, he held 71,676 shares, a 23.02% reduction in his position.
- Floor & Decor reported quarterly EPS of $0.61, beating the $0.57 consensus, while revenue of $1.21 billion came in slightly below estimates and increased 3% year over year.
- Analyst sentiment is cautious: the stock has a consensus “Reduce” rating and an average price target of $54.70; shares opened at $51.45 in the article’s report.
Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) EVP Ersan Sayman sold 21,428 shares of the business's stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $52.00, for a total value of $1,114,256.00. Following the completion of the transaction, the executive vice president directly owned 71,676 shares in the company, valued at approximately $3,727,152. This represents a 23.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Floor & Decor Price Performance
Shares of FND stock opened at $51.45 on Wednesday. The stock's fifty day moving average is $47.48 and its 200-day moving average is $54.06. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.44 and a current ratio of 1.32. The stock has a market capitalization of $5.36 billion, a PE ratio of 23.07 and a beta of 1.56. Floor & Decor Holdings, Inc. has a 52 week low of $42.64 and a 52 week high of $77.46.
Floor & Decor (NYSE:FND - Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.04. Floor & Decor had a return on equity of 8.40% and a net margin of 5.05%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the company posted $0.53 earnings per share. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts expect that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of Floor & Decor by 6.5% in the 1st quarter. Principal Financial Group Inc. now owns 6,837,639 shares of the company's stock valued at $347,354,000 after buying an additional 416,572 shares during the period. Turtle Creek Asset Management Inc. raised its position in shares of Floor & Decor by 41.7% during the first quarter. Turtle Creek Asset Management Inc. now owns 2,757,643 shares of the company's stock worth $140,088,000 after acquiring an additional 811,910 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Floor & Decor by 33.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,606,871 shares of the company's stock valued at $132,424,000 after acquiring an additional 659,355 shares during the period. Bank of America Corp DE lifted its stake in shares of Floor & Decor by 15.6% during the first quarter. Bank of America Corp DE now owns 1,501,698 shares of the company's stock valued at $76,286,000 after acquiring an additional 202,977 shares during the period. Finally, Worldly Partners Management LLC lifted its stake in shares of Floor & Decor by 3.2% during the second quarter. Worldly Partners Management LLC now owns 1,371,180 shares of the company's stock valued at $81,393,000 after acquiring an additional 42,000 shares during the period.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Robert W. Baird set a $67.00 price objective on shares of Floor & Decor in a report on Friday, July 31st. Citigroup lowered their price objective on shares of Floor & Decor from $59.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, October 13th. Zacks Research downgraded shares of Floor & Decor from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 27th. Wolfe Research reiterated an "underperform" rating and set a $41.00 target price on shares of Floor & Decor in a research report on Tuesday, July 21st. Finally, Wall Street Zen upgraded shares of Floor & Decor from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Four equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $54.70.
Get Our Latest Stock Analysis on Floor & Decor
Floor & Decor Company Profile
(
Get Free Report)
Floor & Decor Holdings, Inc. is a specialty retailer of hard-surface flooring and related products. Its assortment includes tile, natural stone, wood, laminate and vinyl flooring, along with installation materials, tools and decorative accessories. The company serves both professional flooring contractors and homeowners through warehouse-format stores and online sales. Many stores also offer design services and product displays to help customers plan residential and commercial projects. Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor operates stores across the United States.
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