Resonant Capital Advisors LLC Cuts Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Resonant Capital Advisors LLC lessened its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,752 shares of the company’s stock after selling 240 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Floor & Decor were worth $530,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Floor & Decor in the 3rd quarter valued at $30,000. Mendota Financial Group LLC acquired a new position in Floor & Decor during the 4th quarter worth $33,000. Y.D. More Investments Ltd acquired a new position in Floor & Decor during the 3rd quarter worth $45,000. Stephens Inc. AR grew its stake in Floor & Decor by 72.5% during the 1st quarter. Stephens Inc. AR now owns 545 shares of the company’s stock worth $54,000 after purchasing an additional 229 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Floor & Decor during the 1st quarter worth $57,000.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wells Fargo & Company cut Floor & Decor from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $85.00 to $105.00 in a research note on Thursday, January 4th. Truist Financial boosted their target price on Floor & Decor from $102.00 to $127.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Telsey Advisory Group upped their price objective on Floor & Decor from $95.00 to $110.00 and gave the stock a “market perform” rating in a research report on Friday, February 23rd. Stifel Nicolaus lowered their price objective on Floor & Decor from $115.00 to $110.00 and set a “hold” rating for the company in a research report on Monday, February 26th. Finally, Evercore ISI lowered their price objective on Floor & Decor from $125.00 to $120.00 and set an “in-line” rating for the company in a research report on Tuesday. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $110.19.

Floor & Decor Stock Down 1.4 %

FND opened at $108.10 on Friday. The company has a market cap of $11.54 billion, a PE ratio of 47.62, a P/E/G ratio of 5.28 and a beta of 1.85. The business has a 50 day moving average price of $119.00 and a two-hundred day moving average price of $104.43. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67. The company has a quick ratio of 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10.

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 analysts’ consensus estimates of $0.27 by $0.07. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate 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 for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 EPS. As a group, research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current year.

Insider Transactions at Floor & Decor

In other news, CAO David Victor Christopherson sold 6,850 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total transaction of $813,095.00. Following the completion of the transaction, the chief accounting officer now directly owns 25,271 shares of the company’s stock, valued at approximately $2,999,667.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, President Trevor Lang sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the sale, the president now owns 170,844 shares in the company, valued at approximately $21,061,648.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO David Victor Christopherson sold 6,850 shares of the company’s stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 25,271 shares in the company, valued at approximately $2,999,667.70. The disclosure for this sale can be found here. In the last three months, insiders sold 90,867 shares of company stock valued at $11,016,089. Corporate 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.