SG Americas Securities LLC increased its stake in Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) by 39.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,659 shares of the company’s stock after purchasing an additional 1,610 shares during the period. SG Americas Securities LLC’s holdings in Floor & Decor were worth $563,000, according to its most recent filing with the SEC.

A number of other major investors have also made changes to their stock positions. Benjamin F. Edwards & Company Inc. increased its position in shares of Floor & Decor by 4.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company’s stock valued at $285,000 after buying an additional 96 shares in the last quarter. Vancity Investment Management Ltd increased its position in shares of Floor & Decor by 1.5% in the first quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock valued at $991,000 after buying an additional 111 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Floor & Decor by 0.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company’s stock valued at $2,609,000 after buying an additional 117 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Floor & Decor by 2.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock valued at $574,000 after purchasing an additional 120 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Floor & Decor by 1.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock valued at $1,195,000 after purchasing an additional 121 shares during the same period.

Insider activity

In related news, CEO Thomas V. Taylor sold 34,199 shares of Floor & Decor stock on Wednesday, June 12. 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 sale, the CEO now directly owns 168,386 shares of the company’s stock, valued at $21,048,250. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC’s website. 2.10% of the shares are currently owned by company insiders.

Analysts set new price targets

Several research firms have recently commented on FND. Evercore ISI decreased their price target on shares of Floor & Decor from $120.00 to $100.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 2nd. Mizuho decreased their price target on shares of Floor & Decor from $115.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Piper Sandler decreased their price target on shares of Floor & Decor from $115.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Guggenheim decreased their price target on shares of Floor & Decor from $130.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company decreased their price target on shares of Floor & Decor from $125.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Two equities analysts have rated the stock with a sell rating, thirteen have given a hold rating, and five have given a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $104.37.

Read our latest report on Floor & Decor

Performance of Floor & Decor shares

NYSE:FND shares opened at $107.24 on Tuesday. 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 1-year low of $76.30 and a 1-year high of $135.67. The stock has a market cap of $11.48 billion, a P/E ratio of 51.81, a PEG ratio of 10.13 and a beta of 1.74. The company has a 50-day moving average price of $101.50 and a 200-day moving average price of $111.23.

Floor & Decor (NYSE:FND – Get Free Report) last released its quarterly earnings results on Thursday, August 1. The company reported earnings per share of $0.52 for the quarter, beating the consensus estimate of $0.51 by $0.01. Floor & Decor had a net margin of 4.78% and a return on equity of 10.85%. The company posted revenue of $1.13 billion for the quarter, compared to analyst expectations of $1.15 billion. During the same quarter last year, the company posted earnings per share of $0.66. Floor & Decor’s revenue decreased 0.2% year-over-year. Equities analysts forecast that Floor & Decor Holdings, Inc. will post earnings per share of $1.81 for the current year.

Floor and decorative profile

(Free report)

Floor & Decor Holdings, Inc., together with its subsidiaries, is a multi-channel hard flooring specialty retailer and accessory retailer and seller of commercial flooring 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. It also offers vanities, shower doors, bathroom accessories, faucets, sinks, custom countertops, bathroom mirrors and bathroom lighting.

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