Floor & Decor Holdings’ (NYSE:FND) lock-up period will expire on Tuesday, October 24th. Floor & Decor Holdings had issued 8,823,500 shares in its public offering on April 27th. The total size of the offering was $185,293,500 based on an initial share price of $21.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Several brokerages have recently weighed in on FND. Zacks Investment Research lowered Floor & Decor Holdings from a “buy” rating to a “hold” rating in a report on Friday, August 18th. J P Morgan Chase & Co began coverage on Floor & Decor Holdings in a report on Monday. They issued an “overweight” rating and a $46.00 price objective for the company. Piper Jaffray Companies reaffirmed a “hold” rating and set a $42.00 target price on shares of Floor & Decor Holdings in a report on Thursday, October 12th. Loop Capital began coverage on Floor & Decor Holdings in a report on Friday, August 18th. They set a “hold” rating and a $35.00 target price for the company. Finally, BMO Capital Markets began coverage on Floor & Decor Holdings in a report on Thursday, September 14th. They set a “market perform” rating and a $41.00 target price for the company. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $41.40.

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Shares of Floor & Decor Holdings (NYSE FND) opened at 37.80 on Tuesday. The stock’s 50 day moving average price is $38.05 and its 200 day moving average price is $37.88. The stock has a market capitalization of $3.56 billion and a P/E ratio of 55.67. Floor & Decor Holdings has a one year low of $29.37 and a one year high of $46.95.

Floor & Decor Holdings (NYSE:FND) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. The company had revenue of $344.00 million during the quarter, compared to the consensus estimate of $343.73 million. The business’s quarterly revenue was up 29.4% on a year-over-year basis. On average, analysts forecast that Floor & Decor Holdings will post $0.60 EPS for the current year.

In other Floor & Decor Holdings news, CEO Thomas V. Taylor sold 154,262 shares of Floor & Decor Holdings stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $38.50, for a total transaction of $5,939,087.00. Following the transaction, the chief executive officer now directly owns 158,781 shares in the company, valued at $6,113,068.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Trevor Lang sold 46,200 shares of Floor & Decor Holdings stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $38.50, for a total value of $1,778,700.00. Following the transaction, the chief financial officer now owns 192,519 shares in the company, valued at $7,411,981.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,118,047 shares of company stock worth $274,044,810.

Hedge funds have recently bought and sold shares of the business. Toronto Dominion Bank bought a new position in Floor & Decor Holdings during the second quarter worth about $157,000. Public Employees Retirement System of Ohio bought a new position in Floor & Decor Holdings during the second quarter worth about $179,000. Balyasny Asset Management LLC bought a new position in Floor & Decor Holdings during the second quarter worth about $212,000. Oppenheimer Asset Management Inc. bought a new position in Floor & Decor Holdings during the second quarter worth about $216,000. Finally, Neuberger Berman Group LLC bought a new position in Floor & Decor Holdings during the second quarter worth about $287,000. Hedge funds and other institutional investors own 92.78% of the company’s stock.

Floor & Decor Holdings Company Profile

Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).

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