Cullen Frost Bankers Inc. Sells 1,856 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Cullen Frost Bankers Inc. cut its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 3.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 47,060 shares of the company’s stock after selling 1,856 shares during the period. Cullen Frost Bankers Inc.’s holdings in Floor & Decor were worth $5,250,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FND. Mendota Financial Group LLC bought a new stake in Floor & Decor during the fourth quarter worth about $33,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Floor & Decor during the 3rd quarter worth approximately $30,000. GAMMA Investing LLC bought a new stake in shares of Floor & Decor during the 4th quarter worth approximately $53,000. Y.D. More Investments Ltd acquired a new stake in shares of Floor & Decor in the 3rd quarter valued at approximately $45,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Floor & Decor by 24.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock valued at $64,000 after buying an additional 113 shares in the last quarter.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, CAO David Victor Christopherson sold 6,850 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total transaction of $813,095.00. Following the sale, the chief accounting officer now directly owns 25,271 shares of the company’s stock, valued at approximately $2,999,667.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Norman Axelrod sold 40,000 shares of Floor & Decor stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $119.97, for a total value of $4,798,800.00. Following the transaction, the director now directly owns 226,080 shares of the company’s stock, valued at $27,122,817.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO David Victor Christopherson sold 6,850 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total transaction of $813,095.00. Following the sale, the chief accounting officer now directly owns 25,271 shares of the company’s stock, valued at approximately $2,999,667.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,867 shares of company stock valued at $11,016,089. 2.10% of the stock is currently owned by corporate insiders.

Floor & Decor Stock Down 1.3 %

Shares of NYSE FND opened at $115.35 on Thursday. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67. The stock’s fifty day moving average is $118.69 and its 200 day moving average is $106.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. The stock has a market capitalization of $12.32 billion, a P/E ratio of 55.72, a PEG ratio of 5.51 and a beta of 1.86.

Floor & Decor (NYSE:FND) last issued its 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. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 EPS. Sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 1.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

FND has been the topic of several analyst reports. The Goldman Sachs Group upped their price target on shares of Floor & Decor from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Wedbush reiterated an “outperform” rating and issued a $125.00 target price on shares of Floor & Decor in a research note on Friday, May 3rd. Truist Financial boosted their price target on Floor & Decor from $102.00 to $127.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Sanford C. Bernstein cut Floor & Decor from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $100.00 to $115.00 in a research report on Tuesday, January 16th. Finally, Guggenheim boosted their target price on Floor & Decor from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and an average target price of $108.76.

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.