Fifth Third Bancorp increased its holdings in Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) by 42.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The company owned 2,308 shares of the company’s stock after acquiring an additional 692 shares during the quarter. Fifth Third Bancorp’s holdings in Floor & Decor were worth $229,000 at the end of the last quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. J.Safra Asset Management Corp increased its holdings in shares of Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after buying an additional 372 shares during the period. SG Americas Securities LLC increased its position in Floor & Decor by 39.8% in the second quarter. SG Americas Securities LLC now owns 5,659 shares of the company’s stock worth $563,000 after buying an additional 1,610 shares during the period. Simplicity Wealth LLC increased its position in Floor & Decor by 9.5% in the second quarter. Simplicity Wealth LLC now owns 2,689 shares of the company’s stock worth $267,000 after buying an additional 234 shares during the period. Bennett Selby Investments LP increased its holdings in shares of Floor & Decor by 0.7% in the second quarter. Bennett Selby Investments LP now owns 112,684 shares of the company’s stock valued at $11,202,000 after purchasing an additional 819 shares during the last quarter. Finally, ST Germain DJ Co. Inc. increased its holdings in shares of Floor & Decor by 2.1% in the second quarter. ST Germain DJ Co. Inc. now owns 187,259 shares of the company’s stock valued at $18,615,000 after purchasing an additional 3,870 shares during the period.

Insider transactions at Floor & Decor

In related news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock on Wednesday, June 12. 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 sale, the CEO now owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.10% of the company’s stock.

Floor & Decor Price Performance

FND opened at $111.65 on Friday. The company has a 50 day moving average price of $100.44 and a 200 day moving average price of $111.32. The company has a market cap of $11.95 billion, a P/E ratio of 53.94, a PEG ratio of 10.13 and a beta of 1.74. Floor & Decor Holdings, Inc. has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17.

Floor & Decor (NYSE:FND – Get Free Report) last released its earnings results on Thursday, August 1. The company reported earnings per share (EPS) of $0.52 for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $1.13 billion for the quarter compared to analyst estimates of $1.15 billion. Floor & Decor had a return on equity of 10.85% and a net margin of 4.78%. The company’s revenue for the quarter decreased 0.2% compared to the year-ago quarter. During the same period last year, the company generated earnings per share of $0.66. As a group, analysts expect Floor & Decor Holdings, Inc. to report earnings per share of $1.81 for the current year.

Wall Street analysts comment

FND has been the subject of several research analyst reports. Citigroup lowered their price target on shares of Floor & Decor from $109.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. TD Cowen lowered their price target on shares of Floor & Decor from $115.00 to $100.00 and gave the company a “hold” rating in a research note on Friday, July 12th. Piper Sandler lowered 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. Telsey Advisory Group lowered their price target on shares of Floor & Decor from $100.00 to $95.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. Finally, Truist Financial lowered their price target on Floor & Decor from $130.00 to $115.00 and issued a “buy” rating to the company in a research report on Wednesday, July 10. Two research 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, Floor & Decor currently has a consensus rating of “Hold” and a consensus price target of $104.37.

Read our latest Floor & Decor inventory report

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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