Floor & Decor (NYSE:FND) Stock: Insider Ersan Sayman Sells 21,428 Shares

Floor & Decor Holdings, Inc. (NYSE:FND) EVP Ersan Sayman sold 21,428 shares of the stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $52.00, for a total transaction of $1,114,256.00. Following the completion of the sale, the executive vice president owned 71,676 shares in the company, valued at $3,727,152. The trade was a 23.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Floor & Decor Trading Down 0.9%

Shares of Floor & Decor stock opened at $50.96 on Thursday. The stock has a market cap of $5.31 billion, a PE ratio of 22.85 and a beta of 1.56. The firm has a fifty day moving average price of $47.54 and a 200 day moving average price of $53.94. Floor & Decor Holdings, Inc. has a 1 year low of $42.64 and a 1 year high of $77.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.32 and a quick ratio of 0.44.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. Floor & Decor had a net margin of 5.05% and a return on equity of 8.40%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 earnings per share. Equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current year.

Analysts Set New Price Targets

FND has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Floor & Decor from $55.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Bank of America reiterated an “underperform” rating on shares of Floor & Decor in a research report on Friday, October 30th. Weiss Ratings downgraded Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 9th. Truist Financial decreased their price target on Floor & Decor from $70.00 to $65.00 and set a “buy” rating for the company in a report on Friday, October 30th. Finally, Morgan Stanley lowered their price objective on Floor & Decor from $64.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Monday, November 2nd. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $54.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FND. Madison Asset Management LLC acquired a new position in shares of Floor & Decor in the second quarter worth about $78,941,000. Turtle Creek Asset Management Inc. grew its position in shares of Floor & Decor by 41.7% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 2,757,643 shares of the company’s stock valued at $140,088,000 after acquiring an additional 811,910 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Floor & Decor by 33.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,606,871 shares of the company’s stock valued at $132,424,000 after acquiring an additional 659,355 shares during the period. Alua Capital Management LP purchased a new position in shares of Floor & Decor in the 1st quarter valued at about $22,393,000. Finally, Principal Financial Group Inc. increased its stake in shares of Floor & Decor by 6.5% in the 1st quarter. Principal Financial Group Inc. now owns 6,837,639 shares of the company’s stock valued at $347,354,000 after purchasing an additional 416,572 shares in the last quarter.

About Floor & Decor

Floor & Decor Holdings, Inc. is a specialty retailer of hard-surface flooring and related products. Its assortment includes tile, natural stone, wood, laminate and vinyl flooring, along with installation materials, tools and decorative accessories. The company serves both professional flooring contractors and homeowners through warehouse-format stores and online sales. Many stores also offer design services and product displays to help customers plan residential and commercial projects. Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor operates stores across the United States.