Public Employees Retirement System of Ohio Purchases Shares of 4,550 Floor & Decor Holdings, Inc. (FND)

Public Employees Retirement System of Ohio purchased a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,550 shares of the company’s stock, valued at approximately $179,000.

A number of other institutional investors also recently bought and sold shares of the business. California State Teachers Retirement System purchased a new stake in Floor & Decor Holdings during the second quarter worth $715,000. CNH Partners LLC purchased a new stake in Floor & Decor Holdings during the second quarter worth $589,000. Cubist Systematic Strategies LLC purchased a new stake in Floor & Decor Holdings during the second quarter worth $1,775,000. Summit Partners Public Asset Management LLC purchased a new stake in Floor & Decor Holdings during the second quarter worth $4,415,000. Finally, State Street Corp purchased a new stake in Floor & Decor Holdings during the second quarter worth $3,480,000. Institutional investors own 90.17% of the company’s stock.

In related news, Director George Vincent West sold 50,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $37.90, for a total value of $1,895,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP David Victor Christopherson sold 32,181 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $41.20, for a total value of $1,325,857.20. Following the completion of the transaction, the senior vice president now directly owns 41,117 shares in the company, valued at $1,694,020.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 181,781 shares of company stock worth $7,341,477.

Floor & Decor Holdings, Inc. (NYSE:FND) opened at $38.91 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.18 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 $46.99.

Floor & Decor Holdings (NYSE:FND) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $343.90 million for the quarter, compared to the consensus estimate of $338.62 million. Floor & Decor Holdings had a return on equity of 26.39% and a net margin of 5.62%. The business’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 0.66 earnings per share for the current year.

FND has been the subject of a number of analyst reports. Wedbush upgraded Floor & Decor Holdings from a “neutral” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Monday, July 24th. They noted that the move was a valuation call. Zacks Investment Research upgraded Floor & Decor Holdings from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Monday, July 24th. Telsey Advisory Group upped their target price on Floor & Decor Holdings from $38.00 to $39.00 and gave the stock a “market perform” rating in a report on Friday, July 28th. Loop Capital initiated coverage on Floor & Decor Holdings in a report on Friday, August 18th. They set a “hold” rating and a $35.00 target price for the company. Finally, Bank of America Corporation restated a “buy” rating and set a $42.00 target price on shares of Floor & Decor Holdings in a report on Tuesday, September 5th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $42.93.

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Floor & Decor Holdings Profile

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).

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

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