Floor & Decor Holdings, Inc. $FND Holdings Boosted by Sei Investments Co.

Sei Investments Co. raised its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 11.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 359,459 shares of the company’s stock after acquiring an additional 37,113 shares during the period. Sei Investments Co.’s holdings in Floor & Decor were worth $18,260,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in FND. Advisory Services Network LLC acquired a new stake in shares of Floor & Decor during the 3rd quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. boosted its position in Floor & Decor by 207.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock valued at $27,000 after purchasing an additional 247 shares during the period. Summit Securities Group LLC acquired a new position in Floor & Decor during the 1st quarter valued at approximately $31,000. Clearstead Advisors LLC grew its stake in Floor & Decor by 215.7% during the 4th quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock worth $34,000 after buying an additional 384 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Floor & Decor during the 4th quarter worth $34,000.

Insider Buying and Selling at Floor & Decor

In other news, CFO Bryan Langley purchased 2,500 shares of the stock in a transaction dated Monday, May 4th. The shares were bought at an average cost of $48.69 per share, for a total transaction of $121,725.00. Following the transaction, the chief financial officer owned 42,016 shares in the company, valued at $2,045,759.04. This trade represents a 6.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Bradley Paulsen acquired 5,000 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was purchased at an average cost of $50.25 per share, for a total transaction of $251,250.00. Following the purchase, the chief executive officer directly owned 85,010 shares in the company, valued at approximately $4,271,752.50. This represents a 6.25% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.80% of the stock is currently owned by corporate insiders.

Floor & Decor Price Performance

NYSE FND opened at $55.76 on Thursday. Floor & Decor Holdings, Inc. has a 12 month low of $42.64 and a 12 month high of $92.40. The firm has a market capitalization of $6.02 billion, a PE ratio of 30.31, a P/E/G ratio of 4.73 and a beta of 1.58. The company’s 50 day simple moving average is $53.55 and its 200 day simple moving average is $57.42.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.Floor & Decor’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. Sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 1.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FND shares. Morgan Stanley reiterated a “positive” rating and issued a $56.00 target price on shares of Floor & Decor in a research note on Friday, May 1st. Barclays lowered their price target on shares of Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. UBS Group dropped their price objective on shares of Floor & Decor from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. JPMorgan Chase & Co. cut their price objective on shares of Floor & Decor from $78.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Finally, Citigroup reissued a “neutral” rating on shares of Floor & Decor in a research note on Thursday, July 16th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $57.72.

About Floor & Decor

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.