Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 0.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 130,382 shares of the company’s stock after selling 188 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Floor & Decor were worth $16,900,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Riverview Trust Co purchased a new stake in Floor & Decor in the 1st quarter valued at approximately $26,000. Mendota Financial Group LLC purchased a new stake in shares of Floor & Decor during the 4th quarter worth approximately $33,000. Rise Advisors LLC purchased a new stake in shares of Floor & Decor during the 1st quarter worth approximately $39,000. Global Retirement Partners LLC boosted its stake in shares of Floor & Decor by 97.1% during the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock worth $44,000 after acquiring an additional 167 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in shares of Floor & Decor during the 4th quarter worth approximately $53,000.

Insider Buying and Selling

In related news, Director Peter Starrett sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total transaction of $591,200.00. Following the completion of the sale, the director now directly owns 128,189 shares in the company, valued at $15,157,067.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Peter Starrett sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total transaction of $591,200.00. Following the completion of the sale, the director now directly owns 128,189 shares in the company, valued at $15,157,067.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven Alan Denny sold 1,010 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $123.11, for a total transaction of $124,341.10. Following the completion of the transaction, the executive vice president now directly owns 12,911 shares of the company’s stock, valued at approximately $1,589,473.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,778 shares of company stock worth $5,182,791. Corporate insiders own 2.10% of the company’s stock.

Floor & Decor Stock Performance

FND traded down $2.42 on Tuesday, hitting $94.94. 1,106,688 shares of the company’s stock were exchanged, compared to its average volume of 1,466,309. The stock has a fifty day moving average of $105.94 and a two-hundred day moving average of $111.84. Floor & Decor Holdings, Inc. has a twelve month low of $76.30 and a twelve month high of $135.67. The firm has a market cap of $10.16 billion, a PE ratio of 46.15, a P/E/G ratio of 10.19 and a beta of 1.74. 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 quarterly earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, beating 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 company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business earned $0.66 earnings per share. Floor & Decor’s revenue was down 2.2% compared to the same quarter last year. On average, research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FND shares. Robert W. Baird decreased their price target on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday. UBS Group decreased their price target on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. TD Cowen cut their price objective on Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, July 12th. Piper Sandler lifted their price objective on Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Finally, Wells Fargo & Company cut their price objective on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Floor & Decor currently has a consensus rating of “Hold” and a consensus target price of $105.76.

Floor & Decor Company 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.