Oppenheimer & Co. Inc. acquired a new position in shares of Floor & Decor Holdings Inc (NYSE:FND) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,400 shares of the company’s stock, valued at approximately $217,000.

A number of other hedge funds have also bought and sold shares of FND. Strs Ohio acquired a new position in shares of Floor & Decor in the 2nd quarter worth approximately $195,000. SG Americas Securities LLC acquired a new position in shares of Floor & Decor in the 2nd quarter worth approximately $200,000. Pitcairn Co. acquired a new position in shares of Floor & Decor in the 2nd quarter worth approximately $201,000. State of Alaska Department of Revenue grew its position in shares of Floor & Decor by 76.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,790 shares of the company’s stock worth $236,000 after acquiring an additional 2,080 shares in the last quarter. Finally, Guggenheim Capital LLC acquired a new position in shares of Floor & Decor in the 1st quarter worth approximately $279,000.

In related news, EVP Brian K. Robbins sold 17,044 shares of the business’s stock in a transaction that occurred on Tuesday, June 26th. The stock was sold at an average price of $50.00, for a total transaction of $852,200.00. Following the completion of the transaction, the executive vice president now owns 10,343 shares in the company, valued at approximately $517,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George Vincent West sold 240,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $54.42, for a total value of $13,060,800.00. Following the transaction, the director now owns 167,938 shares of the company’s stock, valued at approximately $9,139,185.96. The disclosure for this sale can be found here. Insiders have sold a total of 353,569 shares of company stock valued at $19,195,371 in the last 90 days. Insiders own 8.20% of the company’s stock.

Several research analysts have recently commented on the company. Piper Jaffray Companies upgraded Floor & Decor from a “neutral” rating to an “overweight” rating and set a $40.00 target price for the company in a research report on Wednesday, June 6th. TheStreet lowered Floor & Decor from a “c-” rating to a “d+” rating in a research report on Friday, August 31st. Zacks Investment Research lowered Floor & Decor from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 target price (down previously from $55.00) on shares of Floor & Decor in a research report on Friday, August 3rd. Finally, William Blair assumed coverage on Floor & Decor in a research report on Wednesday, June 6th. They issued an “outperform” rating for the company. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $48.44.

NYSE:FND opened at $37.43 on Thursday. Floor & Decor Holdings Inc has a 12-month low of $34.33 and a 12-month high of $58.28. The company has a market cap of $3.57 billion, a P/E ratio of 54.25, a P/E/G ratio of 1.53 and a beta of -1.77. The company has a quick ratio of 0.21, a current ratio of 1.50 and a debt-to-equity ratio of 0.29.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, August 2nd. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. Floor & Decor had a return on equity of 19.93% and a net margin of 9.10%. The business had revenue of $434.28 million during the quarter, compared to analyst estimates of $436.17 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. equities analysts expect that Floor & Decor Holdings Inc will post 0.96 EPS for the current fiscal year.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

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Institutional Ownership by Quarter for Floor & Decor (NYSE:FND)

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