Trevor Lang Sells 44,322 Shares of Floor & Decor Holdings Inc (FND) Stock

Floor & Decor Holdings Inc (NYSE:FND) CFO Trevor Lang sold 44,322 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $50.00, for a total transaction of $2,216,100.00. Following the completion of the transaction, the chief financial officer now directly owns 182,991 shares in the company, valued at $9,149,550. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Floor & Decor Holdings Inc (FND) traded up $0.24 during trading hours on Thursday, reaching $49.37. 907,621 shares of the company were exchanged, compared to its average volume of 959,468. The company has a quick ratio of 0.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.47. Floor & Decor Holdings Inc has a 12-month low of $29.37 and a 12-month high of $50.51.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, November 2nd. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Floor & Decor had a net margin of 5.62% and a return on equity of 26.39%. The company had revenue of $343.90 million during the quarter, compared to analysts’ expectations of $338.62 million. During the same quarter last year, the business earned $0.12 EPS. The business’s revenue was up 26.8% on a year-over-year basis. research analysts expect that Floor & Decor Holdings Inc will post 0.67 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in FND. Schwab Charles Investment Management Inc. acquired a new stake in shares of Floor & Decor in the 2nd quarter worth $1,016,000. Rhumbline Advisers acquired a new stake in shares of Floor & Decor in the 2nd quarter worth $388,000. Bank of New York Mellon Corp acquired a new stake in shares of Floor & Decor in the 2nd quarter worth $912,000. Neuberger Berman Group LLC acquired a new stake in shares of Floor & Decor in the 2nd quarter worth $287,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Floor & Decor in the 2nd quarter worth $216,000. Institutional investors own 93.49% of the company’s stock.

FND has been the topic of a number of recent analyst reports. Telsey Advisory Group raised shares of Floor & Decor from a “market perform” rating to an “outperform” rating and increased their target price for the company from $39.00 to $47.00 in a research report on Friday, November 3rd. BMO Capital Markets increased their price target on shares of Floor & Decor from $41.00 to $45.00 and gave the stock a “market perform” rating in a research note on Monday, November 6th. Stifel Nicolaus began coverage on shares of Floor & Decor in a research note on Wednesday, December 13th. They set a “buy” rating and a $51.00 price target for the company. Credit Suisse Group increased their price target on shares of Floor & Decor from $43.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research cut shares of Floor & Decor from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Floor & Decor presently has an average rating of “Buy” and an average target price of $45.13.

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About Floor & Decor

Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).

Insider Buying and Selling by Quarter for Floor & Decor (NYSE:FND)

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