Wasatch Advisors Inc. Trims Stake in Floor & Decor Holdings Inc (FND)

Wasatch Advisors Inc. cut its position in Floor & Decor Holdings Inc (NYSE:FND) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,340,302 shares of the company’s stock after selling 40,356 shares during the period. Wasatch Advisors Inc.’s holdings in Floor & Decor were worth $96,467,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FND. Vanguard Group Inc. boosted its stake in Floor & Decor by 24.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,502,767 shares of the company’s stock valued at $135,848,000 after purchasing an additional 887,822 shares during the last quarter. FMR LLC boosted its stake in Floor & Decor by 9.8% during the 4th quarter. FMR LLC now owns 2,623,188 shares of the company’s stock valued at $67,940,000 after purchasing an additional 234,338 shares during the last quarter. Timucuan Asset Management Inc. FL boosted its stake in shares of Floor & Decor by 99.9% in the 4th quarter. Timucuan Asset Management Inc. FL now owns 2,593,417 shares of the company’s stock worth $67,170,000 after buying an additional 1,295,853 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Floor & Decor by 13.4% in the 4th quarter. BlackRock Inc. now owns 2,463,489 shares of the company’s stock worth $63,804,000 after buying an additional 291,235 shares during the last quarter. Finally, Carillon Tower Advisers Inc. boosted its stake in shares of Floor & Decor by 41.1% in the 1st quarter. Carillon Tower Advisers Inc. now owns 1,679,327 shares of the company’s stock worth $69,221,000 after buying an additional 488,925 shares during the last quarter.

In related news, CMO Lisa Laube sold 70,000 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $48.00, for a total value of $3,360,000.00. Following the completion of the transaction, the chief marketing officer now directly owns 111,087 shares in the company, valued at $5,332,176. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George Vincent West sold 564,871 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $42.69, for a total transaction of $24,114,342.99. Following the completion of the transaction, the director now owns 150,000 shares of the company’s stock, valued at $6,403,500. The disclosure for this sale can be found here. Insiders have sold a total of 7,668,123 shares of company stock valued at $292,988,420 over the last 90 days. Company insiders own 7.00% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Telsey Advisory Group restated a “market perform” rating and issued a $42.00 target price (down previously from $44.00) on shares of Floor & Decor in a research note on Friday, May 3rd. Wedbush restated an “in-line” rating and issued a $48.00 target price (up previously from $43.00) on shares of Floor & Decor in a research note on Thursday, April 25th. UBS Group boosted their target price on Floor & Decor from $44.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Zacks Investment Research upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Monday, April 29th. Finally, Wells Fargo & Co restated an “outperform” rating and issued a $54.00 target price (up previously from $45.00) on shares of Floor & Decor in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $43.08.

Shares of NYSE:FND traded down $0.55 during mid-day trading on Wednesday, reaching $39.57. The company had a trading volume of 6,817 shares, compared to its average volume of 1,264,204. The stock has a market capitalization of $3.91 billion, a PE ratio of 40.88, a price-to-earnings-growth ratio of 1.56 and a beta of 1.78. The company has a current ratio of 1.32, a quick ratio of 0.23 and a debt-to-equity ratio of 1.33. Floor & Decor Holdings Inc has a one year low of $23.30 and a one year high of $55.86.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $477.05 million during the quarter, compared to analyst estimates of $480.17 million. Floor & Decor had a net margin of 6.45% and a return on equity of 18.19%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 EPS. Research analysts predict that Floor & Decor Holdings Inc will post 1.11 earnings per share for the current year.

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Floor & Decor 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, vinyl, 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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