Yousif Capital Management LLC Makes New $5.61 Million Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

Yousif Capital Management LLC purchased a new position in Floor & Decor Holdings, Inc. (NYSE:FND) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,325 shares of the company’s stock, valued at approximately $5,614,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC grew its position in shares of Floor & Decor by 13.1% during the third quarter. FMR LLC now owns 4,605,699 shares of the company’s stock worth $416,816,000 after purchasing an additional 531,891 shares in the last quarter. Wellington Management Group LLP boosted its stake in Floor & Decor by 435.1% during the third quarter. Wellington Management Group LLP now owns 653,740 shares of the company’s stock valued at $59,163,000 after buying an additional 531,574 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Floor & Decor during the fourth quarter valued at approximately $42,114,000. Kiwi Wealth Investments Limited Partnership bought a new stake in shares of Floor & Decor in the 3rd quarter valued at approximately $32,250,000. Finally, Untitled Investments LP bought a new stake in shares of Floor & Decor in the 3rd quarter valued at approximately $16,271,000.

Analysts Set New Price Targets

FND has been the subject of several analyst reports. 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 note on Tuesday, April 16th. Telsey Advisory Group raised their price objective on Floor & Decor from $95.00 to $110.00 and gave the company a “market perform” rating in a research note 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 note on Monday, February 26th. The Goldman Sachs Group raised their price objective on Floor & Decor from $71.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Finally, Truist Financial raised their price objective on Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Two investment 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 data from MarketBeat.com, Floor & Decor has an average rating of “Hold” and an average price target of $110.19.

Insider Buying and Selling

In other Floor & Decor news, CEO Thomas V. Taylor sold 20,000 shares of Floor & Decor stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $123.11, for a total transaction of $2,462,200.00. Following the completion of the sale, the chief executive officer now directly owns 174,315 shares in the company, valued at approximately $21,459,919.65. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Thomas V. Taylor sold 20,000 shares of Floor & Decor stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $123.11, for a total value of $2,462,200.00. Following the sale, the chief executive officer now owns 174,315 shares in the company, valued at $21,459,919.65. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Trevor Lang sold 13,000 shares of Floor & Decor stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the completion of the sale, the president now owns 170,844 shares in the company, valued at approximately $21,061,648.32. The disclosure for this sale can be found here. Insiders sold 90,867 shares of company stock valued at $11,016,089 over the last quarter. 2.10% of the stock is currently owned by company insiders.

Floor & Decor Trading Down 1.5 %

FND opened at $108.05 on Friday. The stock’s fifty day moving average is $119.02 and its two-hundred day moving average is $105.04. The company has a market capitalization of $11.54 billion, a P/E ratio of 47.60, a PEG ratio of 5.28 and a beta of 1.85. 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 announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the business posted $0.64 EPS. The business’s revenue was up .0% compared to the same quarter last year. Analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current 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.