California Public Employees Retirement System Sells 6,099 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

California Public Employees Retirement System cut its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,290 shares of the company’s stock after selling 6,099 shares during the quarter. California Public Employees Retirement System owned 0.17% of Floor & Decor worth $20,336,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FND. FMR LLC lifted its position in Floor & Decor by 13.1% in the 3rd quarter. FMR LLC now owns 4,605,699 shares of the company’s stock valued at $416,816,000 after acquiring an additional 531,891 shares in the last quarter. Wellington Management Group LLP lifted its position in Floor & Decor by 435.1% in the 3rd quarter. Wellington Management Group LLP now owns 653,740 shares of the company’s stock valued at $59,163,000 after acquiring an additional 531,574 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Floor & Decor during the 4th quarter valued at $42,114,000. Kiwi Wealth Investments Limited Partnership bought a new position in shares of Floor & Decor during the 3rd quarter valued at $32,250,000. Finally, Untitled Investments LP bought a new position in shares of Floor & Decor during the 3rd quarter valued at $16,271,000.

Analyst Ratings Changes

FND has been the topic of several research analyst reports. Barclays increased their price target on Floor & Decor from $66.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, January 4th. Telsey Advisory Group increased 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. Guggenheim increased their price target on Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Truist Financial increased 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. Finally, Piper Sandler upped their price objective on Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Two 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $110.19.

Insider Transactions at Floor & Decor

In related news, CAO David Victor Christopherson sold 6,850 shares of Floor & Decor 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 completion of the transaction, the chief accounting officer now owns 25,271 shares in the company, valued at $2,999,667.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO David Victor Christopherson sold 6,850 shares of Floor & Decor 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 completion of the transaction, the chief accounting officer now owns 25,271 shares in the company, valued at $2,999,667.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bryan Langley sold 5,865 shares of Floor & Decor stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total value of $702,978.90. Following the completion of the transaction, the chief financial officer now owns 17,422 shares of the company’s stock, valued at approximately $2,088,200.92. 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. 2.10% of the stock is currently owned by insiders.

Floor & Decor Trading Up 2.7 %

Shares of FND stock opened at $110.93 on Monday. Floor & Decor Holdings, Inc. has a 12-month low of $76.30 and a 12-month high of $135.67. The company has a current ratio of 1.14, a quick ratio of 0.18 and a debt-to-equity ratio of 0.10. The stock’s 50-day moving average price is $118.98 and its 200-day moving average price is $105.46. The stock has a market capitalization of $11.84 billion, a price-to-earnings ratio of 48.87, a price-to-earnings-growth ratio of 5.34 and a beta of 1.85.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, February 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.07. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted $0.64 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. Equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.

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.