Amalgamated Bank Raises Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Amalgamated Bank boosted its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 204.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,985 shares of the company’s stock after purchasing an additional 51,696 shares during the quarter. Amalgamated Bank owned about 0.07% of Floor & Decor worth $8,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at Floor & Decor

In other news, CAO David Victor Christopherson sold 6,850 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total value of $813,095.00. Following the sale, the chief accounting officer now directly owns 25,271 shares of the company’s stock, valued at approximately $2,999,667.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Floor & Decor news, CFO Bryan Langley sold 5,865 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total value of $702,978.90. Following the sale, the chief financial officer now directly owns 17,422 shares of the company’s stock, valued at $2,088,200.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO David Victor Christopherson sold 6,850 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total value of $813,095.00. Following the transaction, the chief accounting officer now owns 25,271 shares of the company’s stock, valued at $2,999,667.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,867 shares of company stock valued at $11,016,089. 2.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FND has been the topic of several research reports. Telsey Advisory Group restated a “market perform” rating and set a $110.00 price objective on shares of Floor & Decor in a research report on Monday, April 29th. Wedbush reaffirmed an “outperform” rating and set a $125.00 price target on shares of Floor & Decor in a research note on Friday. The Goldman Sachs Group increased their price objective on Floor & Decor from $71.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. TD Cowen dropped their target price on Floor & Decor from $125.00 to $115.00 and set a “hold” rating for the company in a research report on Friday. Finally, Sanford C. Bernstein cut shares of Floor & Decor from an “outperform” rating to a “market perform” rating and increased their price target for the company from $100.00 to $115.00 in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $108.76.

Floor & Decor Stock Performance

Shares of FND stock opened at $113.04 on Friday. 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 Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 54.61, a PEG ratio of 5.48 and a beta of 1.86. The stock has a fifty day moving average of $118.90 and a 200 day moving average of $106.27.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.97%. Floor & Decor’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.66 earnings per share. As a group, research analysts expect that Floor & Decor Holdings, Inc. will post 1.9 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.