New York Life Investment Management LLC Invests $1.33 Million in Floor & Decor Holdings, Inc. (NYSE:FND)

New York Life Investment Management LLC acquired a new position in Floor & Decor Holdings, Inc. (NYSE:FND) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,912 shares of the company’s stock, valued at approximately $1,329,000.

Several other institutional investors have also recently modified their holdings of FND. DekaBank Deutsche Girozentrale purchased a new position in Floor & Decor during the third quarter valued at approximately $30,000. Mendota Financial Group LLC purchased a new stake in shares of Floor & Decor in the fourth quarter valued at approximately $33,000. Y.D. More Investments Ltd acquired a new stake in shares of Floor & Decor in the third quarter worth approximately $45,000. GAMMA Investing LLC acquired a new stake in shares of Floor & Decor in the fourth quarter worth approximately $53,000. Finally, NBC Securities Inc. acquired a new stake in shares of Floor & Decor in the third quarter worth approximately $60,000.

Analyst Ratings Changes

A number of analysts have recently issued reports on FND shares. Piper Sandler lifted their price target on Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Truist Financial upped their target price on Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Wedbush reiterated an “outperform” rating and set a $125.00 price target on shares of Floor & Decor in a report on Friday, May 3rd. Stifel Nicolaus decreased their target price on Floor & Decor from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, February 26th. Finally, Bank of America increased their price target on Floor & Decor from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $108.76.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, CAO David Victor Christopherson sold 6,850 shares of Floor & Decor stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the transaction, the chief accounting officer now directly owns 25,271 shares in the company, valued at approximately $2,999,667.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Steven Alan Denny sold 5,152 shares of Floor & Decor stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $123.52, for a total value of $636,375.04. Following the sale, 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 document filed with the SEC, which can be accessed through this link. Also, CAO David Victor Christopherson sold 6,850 shares of Floor & Decor stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 25,271 shares in the company, valued at $2,999,667.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,867 shares of company stock worth $11,016,089. 2.10% of the stock is currently owned by insiders.

Floor & Decor Trading Down 0.1 %

Shares of FND stock opened at $116.87 on Wednesday. The business’s 50 day moving average is $118.85 and its two-hundred day moving average is $106.89. Floor & Decor Holdings, Inc. has a twelve month low of $76.30 and a twelve month high of $135.67. The company has a market capitalization of $12.48 billion, a P/E ratio of 56.46, a price-to-earnings-growth ratio of 5.51 and a beta of 1.86. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.02. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business posted $0.66 EPS. The company’s revenue was down 2.2% on a year-over-year basis. Equities analysts forecast that Floor & Decor Holdings, Inc. will post 1.9 EPS for the current year.

Floor & Decor Profile

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.