Verdence Capital Advisors LLC Sells 806 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Verdence Capital Advisors LLC lessened its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 20.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,182 shares of the company’s stock after selling 806 shares during the period. Verdence Capital Advisors LLC’s holdings in Floor & Decor were worth $355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Floor & Decor by 24.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock valued at $64,000 after acquiring an additional 113 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of Floor & Decor by 16.4% during the fourth quarter. Lindbrook Capital LLC now owns 885 shares of the company’s stock valued at $99,000 after acquiring an additional 125 shares in the last quarter. Roundview Capital LLC increased its holdings in Floor & Decor by 0.7% during the third quarter. Roundview Capital LLC now owns 18,735 shares of the company’s stock valued at $1,696,000 after buying an additional 129 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Floor & Decor by 2.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 5,410 shares of the company’s stock valued at $490,000 after buying an additional 136 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in Floor & Decor by 11.1% during the third quarter. Parkside Financial Bank & Trust now owns 1,642 shares of the company’s stock valued at $149,000 after buying an additional 164 shares during the period.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FND. Mizuho began coverage on shares of Floor & Decor in a report on Tuesday, March 19th. They set a “neutral” rating and a $115.00 price objective on the stock. Telsey Advisory Group lifted their price objective on shares of Floor & Decor from $95.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, February 23rd. Sanford C. Bernstein lowered shares of Floor & Decor from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $100.00 to $115.00 in a report on Tuesday, January 16th. Piper Sandler lifted their price objective on shares of Floor & Decor from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Finally, UBS Group lowered shares of Floor & Decor from a “buy” rating to a “neutral” rating and set a $135.00 price objective on the stock. in a report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $110.19.

Insider Activity at Floor & Decor

In related news, EVP Steven Alan Denny sold 5,152 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the transaction, the executive vice president now directly owns 13,271 shares in the company, valued at $1,639,233.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Steven Alan Denny sold 5,152 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the transaction, the executive vice president now directly owns 13,271 shares in the company, valued at $1,639,233.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Trevor Lang sold 13,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the transaction, the president now owns 170,844 shares of the company’s stock, valued at $21,061,648.32. The disclosure for this sale can be found here. Insiders sold 90,867 shares of company stock worth $11,016,089 over the last three months. Company insiders own 2.10% of the company’s stock.

Floor & Decor Price Performance

Shares of FND opened at $110.00 on Wednesday. The firm has a market capitalization of $11.74 billion, a PE ratio of 48.46, a price-to-earnings-growth ratio of 5.21 and a beta of 1.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18. Floor & Decor Holdings, Inc. has a 1-year low of $76.30 and a 1-year high of $135.67. The company’s fifty day moving average price is $118.93 and its 200-day moving average price is $104.84.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 earnings per share. On average, equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.92 EPS 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.