NewEdge Wealth LLC Sells 1,298 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

NewEdge Wealth LLC reduced its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 36.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,302 shares of the company’s stock after selling 1,298 shares during the period. NewEdge Wealth LLC’s holdings in Floor & Decor were worth $257,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Stephens Inc. AR raised its position in Floor & Decor by 20.2% during the 2nd quarter. Stephens Inc. AR now owns 655 shares of the company’s stock valued at $68,000 after purchasing an additional 110 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position 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 valued at $64,000 after purchasing an additional 113 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Floor & Decor by 4.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,946 shares of the company’s stock valued at $299,000 after purchasing an additional 124 shares in the last quarter. Roundview Capital LLC raised its position in Floor & Decor by 0.7% during the 3rd quarter. Roundview Capital LLC now owns 18,735 shares of the company’s stock valued at $1,696,000 after purchasing an additional 129 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in Floor & Decor by 2.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 5,410 shares of the company’s stock valued at $490,000 after purchasing an additional 136 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FND. Mizuho assumed coverage on Floor & Decor in a research report on Tuesday, March 19th. They set a “neutral” rating and a $115.00 target price for the company. TD Cowen assumed coverage on Floor & Decor in a report on Wednesday, April 10th. They issued a “hold” rating and a $125.00 price target on the stock. Wedbush lifted their price target on Floor & Decor from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Telsey Advisory Group lifted their price target on Floor & Decor from $95.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, February 23rd. Finally, Truist Financial lifted their price target on Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $110.19.

Floor & Decor Stock Up 1.1 %

Shares of FND stock opened at $109.58 on Friday. The stock’s 50-day simple moving average is $119.01 and its 200-day simple moving average is $104.31. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14. The firm has a market capitalization of $11.70 billion, a PE ratio of 48.27, a P/E/G ratio of 5.21 and a beta of 1.85. Floor & Decor Holdings, Inc. has a fifty-two week low of $76.30 and a fifty-two week high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. The company’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 earnings per share. Equities analysts expect that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Activity

In other news, CAO David Victor Christopherson sold 6,850 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the sale, the chief accounting officer now owns 25,271 shares in the company, valued at $2,999,667.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO David Victor Christopherson sold 6,850 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the sale, the chief accounting officer now owns 25,271 shares in the company, valued at $2,999,667.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Norman Axelrod sold 40,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $119.97, for a total value of $4,798,800.00. Following the completion of the sale, the director now owns 226,080 shares in the company, valued at approximately $27,122,817.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,867 shares of company stock valued at $11,016,089. Company insiders own 2.10% of the company’s stock.

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.