TimesSquare Capital Management LLC Decreases Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

TimesSquare Capital Management LLC lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 19.2% in the fourth quarter, HoldingsChannel reports. The firm owned 493,477 shares of the company’s stock after selling 117,490 shares during the period. TimesSquare Capital Management LLC’s holdings in Floor & Decor were worth $55,052,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in FND. DekaBank Deutsche Girozentrale purchased a new position in shares of Floor & Decor during the 3rd quarter worth $30,000. Mendota Financial Group LLC purchased a new stake in shares of Floor & Decor in the fourth quarter worth approximately $33,000. Y.D. More Investments Ltd bought a new stake in shares of Floor & Decor during the third quarter worth $45,000. GAMMA Investing LLC purchased a new stake in shares of Floor & Decor during the fourth quarter valued at $53,000. Finally, NBC Securities Inc. purchased a new position in Floor & Decor in the 3rd quarter worth about $60,000.

Insider Activity at Floor & Decor

In other news, CFO Bryan Langley sold 5,865 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total transaction of $702,978.90. Following the sale, the chief financial officer now owns 17,422 shares of the company’s stock, valued at approximately $2,088,200.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Bryan Langley sold 5,865 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total transaction of $702,978.90. Following the sale, the chief financial officer now directly owns 17,422 shares of the company’s stock, valued at $2,088,200.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO David Victor Christopherson sold 6,850 shares of Floor & Decor stock in a transaction 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 completion of the transaction, 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. Over the last ninety days, insiders sold 95,867 shares of company stock worth $11,607,289. 2.10% of the stock is owned by corporate insiders.

Floor & Decor Stock Performance

NYSE FND traded up $4.66 during trading hours on Thursday, reaching $120.01. The stock had a trading volume of 820,647 shares, compared to its average volume of 1,387,034. Floor & Decor Holdings, Inc. has a 52-week low of $76.30 and a 52-week high of $135.67. 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 cap of $12.81 billion, a P/E ratio of 57.98, a price-to-earnings-growth ratio of 5.51 and a beta of 1.86. The stock has a fifty day moving average of $118.69 and a 200 day moving average of $106.95.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. The firm 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 firm’s revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 earnings per share. Sell-side analysts predict that Floor & Decor Holdings, Inc. will post 1.9 earnings per share for the current year.

Wall Street Analyst Weigh In

FND has been the topic of a number of research analyst reports. Stifel Nicolaus dropped their target price on shares of Floor & Decor from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, February 26th. Mizuho cut their price target on Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Evercore ISI lowered their price objective on shares of Floor & Decor from $120.00 to $115.00 and set an “in-line” rating for the company in a research note on Friday, May 3rd. Bank of America raised their target price on shares of Floor & Decor from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Finally, Sanford C. Bernstein cut shares of Floor & Decor from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $100.00 to $115.00 in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $108.76.

Floor & Decor Company Profile

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.