State Board of Administration of Florida Retirement System Has $11.06 Million Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

State Board of Administration of Florida Retirement System raised its position in Floor & Decor Holdings, Inc. (NYSE:FNDFree Report) by 28.0% during the third quarter, Holdings Channel reports. The institutional investor owned 122,211 shares of the company’s stock after buying an additional 26,732 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Floor & Decor were worth $11,060,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Y.D. More Investments Ltd bought a new position in Floor & Decor in the 3rd quarter valued at $45,000. Stephens Inc. AR boosted its position in Floor & Decor by 72.5% in the 1st quarter. Stephens Inc. AR now owns 545 shares of the company’s stock valued at $54,000 after buying an additional 229 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Floor & Decor in the 1st quarter valued at $57,000. Benjamin Edwards Inc. bought a new position in Floor & Decor in the 2nd quarter valued at $58,000. Finally, Parkside Financial Bank & Trust boosted its position in shares of Floor & Decor by 168.4% in the 1st quarter. Parkside Financial Bank & Trust now owns 730 shares of the company’s stock worth $59,000 after purchasing an additional 458 shares during the last quarter.

Insider Buying and Selling

In other Floor & Decor news, EVP David Victor Christopherson sold 19,634 shares of Floor & Decor stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $114.50, for a total value of $2,248,093.00. Following the sale, the executive vice president now owns 36,552 shares of the company’s stock, valued at approximately $4,185,204. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FND. Sanford C. Bernstein lowered Floor & Decor from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $100.00 to $115.00 in a research report on Tuesday, January 16th. Barclays raised their price target on Floor & Decor from $66.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday, January 4th. Guggenheim reduced their price target on Floor & Decor from $115.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, October 23rd. Telsey Advisory Group reduced their price target on Floor & Decor from $90.00 to $75.00 and set a “market perform” rating on the stock in a research report on Friday, November 3rd. Finally, Piper Sandler raised their price target on Floor & Decor from $74.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $94.94.

Read Our Latest Stock Analysis on Floor & Decor

Floor & Decor Stock Performance

Shares of Floor & Decor stock opened at $111.82 on Tuesday. The company has a market capitalization of $11.92 billion, a PE ratio of 43.51, a PEG ratio of 4.64 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 12 month low of $76.30 and a 12 month high of $116.70. The company has a current ratio of 1.14, a quick ratio of 0.20 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $106.87 and its 200 day simple moving average is $97.47.

Floor & Decor Profile

(Free Report)

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer and commercial flooring distributor 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.

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

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