Advisor Group Inc. Has $810,000 Stake in Floor & Decor Holdings Inc (FND)

Advisor Group Inc. raised its stake in shares of Floor & Decor Holdings Inc (NYSE:FND) by 13.9% in the 4th quarter, Holdings Channel reports. The firm owned 16,626 shares of the company’s stock after purchasing an additional 2,027 shares during the period. Advisor Group Inc.’s holdings in Floor & Decor were worth $810,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FND. Thompson Davis & CO. Inc. purchased a new position in shares of Floor & Decor during the fourth quarter worth approximately $110,000. FNY Partners Fund LP bought a new stake in Floor & Decor in the third quarter valued at $116,000. Principal Financial Group Inc. bought a new stake in Floor & Decor in the third quarter valued at $208,000. Amalgamated Bank bought a new stake in Floor & Decor in the fourth quarter valued at $214,000. Finally, State of Wisconsin Investment Board bought a new stake in Floor & Decor in the fourth quarter valued at $220,000. Institutional investors and hedge funds own 94.09% of the company’s stock.

In other news, EVP Brian K. Robbins sold 107,667 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $45.20, for a total transaction of $4,866,548.40. Following the completion of the sale, the executive vice president now owns 56,968 shares of the company’s stock, valued at approximately $2,574,953.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brian K. Robbins sold 3,600 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $50.00, for a total transaction of $180,000.00. Following the sale, the executive vice president now directly owns 7,160 shares of the company’s stock, valued at approximately $358,000. The disclosure for this sale can be found here. In the last three months, insiders sold 387,881 shares of company stock valued at $18,148,624.

FND has been the topic of several recent analyst reports. Stifel Nicolaus initiated coverage on shares of Floor & Decor in a report on Wednesday, December 13th. They issued a “buy” rating and a $51.00 price target on the stock. Wells Fargo set a $45.00 price target on shares of Floor & Decor and gave the stock a “hold” rating in a research note on Monday, January 8th. Telsey Advisory Group reiterated an “outperform” rating and issued a $54.00 price target (up previously from $47.00) on shares of Floor & Decor in a research note on Monday, January 8th. BMO Capital Markets upped their price target on shares of Floor & Decor to $54.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 9th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $50.00 price target on shares of Floor & Decor in a research note on Tuesday, January 9th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Floor & Decor presently has an average rating of “Hold” and an average price target of $45.59.

Floor & Decor Holdings Inc (FND) opened at $50.96 on Monday. Floor & Decor Holdings Inc has a 52-week low of $29.37 and a 52-week high of $52.78. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.40 and a quick ratio of 0.21. The firm has a market capitalization of $4,867.14 and a PE ratio of 50.46.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, March 1st. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. Floor & Decor had a return on equity of 21.26% and a net margin of 7.42%. The business had revenue of $389.50 million during the quarter, compared to analyst estimates of $388.63 million. The business’s revenue for the quarter was up 40.0% on a year-over-year basis. equities analysts forecast that Floor & Decor Holdings Inc will post 0.99 earnings per share for the current year.

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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).

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Institutional Ownership by Quarter for Floor & Decor (NYSE:FND)

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