Azzad Asset Management Inc. ADV Has $4.18 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Azzad Asset Management Inc. ADV lessened its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 0.3% during the first quarter, Holdings Channel reports. The institutional investor owned 32,261 shares of the company’s stock after selling 105 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Floor & Decor were worth $4,182,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Riverview Trust Co acquired a new position in shares of Floor & Decor during the 1st quarter worth approximately $26,000. Mendota Financial Group LLC acquired a new position in shares of Floor & Decor during the 4th quarter worth approximately $33,000. Rise Advisors LLC acquired a new position in shares of Floor & Decor during the 1st quarter worth approximately $39,000. GAMMA Investing LLC acquired a new position in shares of Floor & Decor during the 4th quarter worth approximately $53,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Floor & Decor by 24.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock worth $64,000 after acquiring an additional 113 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently weighed in on FND shares. UBS Group cut their target price on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Robert W. Baird reissued an “outperform” rating and issued a $127.00 price target on shares of Floor & Decor in a research note on Tuesday. Evercore ISI decreased their target price on Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday. Bank of America increased their price target on Floor & Decor from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 price target on shares of Floor & Decor in a report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $108.62.

Floor & Decor Trading Up 1.3 %

Shares of NYSE:FND traded up $1.24 during trading hours on Wednesday, hitting $97.31. 628,304 shares of the company’s stock traded hands, compared to its average volume of 1,354,187. Floor & Decor Holdings, Inc. has a 1 year low of $76.30 and a 1 year high of $135.67. The business has a fifty day moving average price of $114.29 and a 200-day moving average price of $113.99. The firm has a market capitalization of $10.41 billion, a P/E ratio of 46.42, a price-to-earnings-growth ratio of 10.24 and a beta of 1.74. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21.

Floor & Decor (NYSE:FND) last announced its 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. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the business earned $0.66 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts expect that Floor & Decor Holdings, Inc. will post 1.89 earnings per share for the current year.

Insider Activity at Floor & Decor

In related news, Director Peter Starrett sold 1,569 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $122.61, for a total value of $192,375.09. Following the completion of the sale, the director now owns 118,620 shares in the company, valued at $14,543,998.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Thomas V. Taylor sold 34,199 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the completion of the transaction, the chief executive officer now owns 168,386 shares of the company’s stock, valued at $21,048,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter Starrett sold 1,569 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $122.61, for a total transaction of $192,375.09. Following the completion of the transaction, the director now directly owns 118,620 shares of the company’s stock, valued at approximately $14,543,998.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,778 shares of company stock worth $5,182,791. Company insiders own 2.10% of the company’s stock.

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.