RiverPark Advisors LLC Purchases 473 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

RiverPark Advisors LLC raised its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 361.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 604 shares of the company’s stock after purchasing an additional 473 shares during the period. RiverPark Advisors LLC’s holdings in Floor & Decor were worth $78,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Riverview Trust Co acquired a new position in shares of Floor & Decor in the first quarter valued at approximately $26,000. Mendota Financial Group LLC acquired a new position in shares of Floor & Decor in the fourth quarter valued at approximately $33,000. Rise Advisors LLC acquired a new position in Floor & Decor during the first quarter worth $39,000. Global Retirement Partners LLC boosted its holdings in Floor & Decor by 97.1% during the first quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock worth $44,000 after purchasing an additional 167 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in Floor & Decor during the fourth quarter worth $53,000.

Analyst Upgrades and Downgrades

FND has been the subject of several recent research reports. Evercore ISI reduced their target price on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a report on Tuesday, July 2nd. Bank of America increased their price target on shares of Floor & Decor from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. TD Cowen dropped their price objective on shares of Floor & Decor from $125.00 to $115.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd. Piper Sandler increased their price objective on shares of Floor & Decor from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $127.00 price objective on shares of Floor & Decor in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Floor & Decor has an average rating of “Hold” and a consensus price target of $108.62.

Floor & Decor Trading Down 2.5 %

NYSE:FND traded down $2.34 during mid-day trading on Tuesday, hitting $89.87. 2,234,026 shares of the company’s stock were exchanged, compared to its average volume of 1,385,429. The company has a 50 day simple moving average of $112.68 and a 200-day simple moving average of $113.34. 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 Holdings, Inc. has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The firm has a market capitalization of $9.62 billion, a P/E ratio of 43.42, a PEG ratio of 9.60 and a beta of 1.73.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The business 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 company earned $0.66 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. As a group, research analysts expect that Floor & Decor Holdings, Inc. will post 1.89 earnings per share for the current year.

Insiders Place Their Bets

In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the firm’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 transaction of $4,274,875.00. Following the completion of the transaction, the chief executive officer now owns 168,386 shares in the company, valued at approximately $21,048,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Peter Starrett sold 5,000 shares of Floor & Decor stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total value of $591,200.00. Following the completion of the sale, the director now owns 128,189 shares in the company, valued at approximately $15,157,067.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas V. Taylor sold 34,199 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the sale, the chief executive officer now owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,778 shares of company stock worth $5,182,791. 2.10% of the stock is currently owned by insiders.

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.