Floor & Decor Holdings Inc. (NYSE:FND) shares traded -1.75% lower at $89.68 on Wall Street last session.
FND stock price is now 3.98% away from the 50-day moving average and 14.59% away from the 200-day moving average. The market capitalization of the company currently stands at $9.22B.
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With the price target maintained at $90, Telsey Advisory Group recently Downgraded its rating from Outperform to Market Perform for Floor & Decor Holdings Inc. (NYSE: FND). On February 10, 2023, Gordon Haskett Downgraded its previous ‘Accumulate’ rating to ‘Hold’ on the stock keeping its target price maintained at $90, while ‘Barclays’ rates the stock as ‘Underweight’.
In other news, Robbins Brian K, EVP – BUS. DVLPMT, STRATEGY sold 19,504 shares of the company’s stock on Feb 28. The stock was sold for $1,790,838 at an average price of $91.82. Upon completion of the transaction, the EVP – BUS. DVLPMT, STRATEGY now directly owns 23,674 shares in the company, valued at $2.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28, EVP AND GENERAL COUNSEL Christopherson David Victor sold 4,000 shares of the business’s stock. A total of $368,000 was realized by selling the stock at an average price of $92.00. This leaves the insider owning 56,527 shares of the company worth $5.07 million. Insiders disposed of 8,960 shares of company stock worth roughly $0.8 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FND stock. A new stake in Floor & Decor Holdings Inc. shares was purchased by D1 CAPITAL PARTNERS L.P. during the first quarter worth $263,585,000. LONE PINE CAPITAL LLC invested $163,773,000 in shares of FND during the first quarter. In the first quarter, TURTLE CREEK ASSET MANAGEMENT INC. acquired a new stake in Floor & Decor Holdings Inc. valued at approximately $98,205,000. CAPITAL RESEARCH GLOBAL INVESTORS acquired a new stake in FND for approximately $85,258,000. WORLDLY PARTNERS MANAGEMENT, LLC purchased a new stake in FND valued at around $83,670,000 in the second quarter.
Floor & Decor Holdings Inc. (NYSE: FND) opened at $91.54 on Monday. During the past 12 months, Floor & Decor Holdings Inc. has had a low of $59.91 and a high of $104.83. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 1.40, and a quick ratio of 0.20. The fifty day moving average price for FND is $86.25 and a two-hundred day moving average price translates $78.26 for the stock.
The latest earnings results from Floor & Decor Holdings Inc. (NYSE: FND) was released for Sep, 2022. According to the Home Improvement Retail Company, earnings per share came in at $0.7, beating analysts’ expectations of $0.65 by 0.05. This compares to $0.46 EPS in the same period last year. The net profit margin was 7.00% and return on equity was 19.40% for FND. The company reported revenue of $1.05 billion for the quarter, compared to $914.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.63 percent. For the current quarter, analysts expect FND to generate $1.06B in revenue.
Floor & Decor Holdings Inc.(FND) Company Profile
Floor & Decor Holdings, Inc. operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company’s stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers. As of September 29, 2022, the company operated 178 warehouse-format stores and five design studios in 35 states. It also sells products through its Website, FloorandDecor.com. The company was formerly known as FDO Holdings, Inc. and changed its name to Floor & Decor Holdings, Inc. in April 2017. Floor & Decor Holdings, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia.
