IBM Retirement Fund Raises Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)


IBM Retirement Fund increased its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,479 shares of the company’s stock after buying an additional 491 shares during the quarter. IBM Retirement Fund’s holdings in Floor & Decor were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HM Payson & Co. purchased a new position in shares of Floor & Decor in the 3rd quarter worth $38,000. FNY Investment Advisers LLC purchased a new position in shares of Floor & Decor in the 4th quarter worth $49,000. Cerebellum GP LLC purchased a new position in Floor & Decor in the third quarter valued at about $66,000. Harvest Fund Management Co. Ltd purchased a new position in Floor & Decor in the third quarter valued at about $74,000. Finally, Eudaimonia Partners LLC purchased a new position in Floor & Decor in the third quarter valued at about $83,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

NYSE:FND opened at $92.07 on Monday. The company has a market capitalization of $9.58 billion, a price-to-earnings ratio of 56.14, a price-to-earnings-growth ratio of 2.13 and a beta of 1.90. Floor & Decor Holdings, Inc. has a one year low of $24.36 and a one year high of $108.54. The stock has a 50-day simple moving average of $98.01 and a 200 day simple moving average of $80.27. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 1.57.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.16. The business had revenue of $684.85 million during the quarter, compared to the consensus estimate of $639.31 million. Floor & Decor had a return on equity of 16.23% and a net margin of 7.77%. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period last year, the firm earned $0.27 earnings per share. On average, equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.46 EPS for the current fiscal year.

Several research analysts have commented on the company. Wells Fargo & Company raised their price objective on Floor & Decor from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, October 26th. Raymond James raised their price objective on Floor & Decor from $75.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 2nd. Robert W. Baird raised their price objective on Floor & Decor from $78.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, October 13th. Morgan Stanley raised their price objective on Floor & Decor from $77.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 20th. Finally, Gordon Haskett raised Floor & Decor from an “accumulate” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Monday, November 2nd. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Floor & Decor presently has a consensus rating of “Buy” and a consensus price target of $84.05.

In related news, EVP David Victor Christopherson sold 7,043 shares of Floor & Decor stock in a transaction dated Wednesday, December 9th. The stock was sold at an average price of $89.90, for a total value of $633,165.70. Following the completion of the transaction, the executive vice president now directly owns 47,209 shares in the company, valued at $4,244,089.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas V. Taylor sold 48,220 shares of Floor & Decor stock in a transaction dated Monday, December 7th. The stock was sold at an average price of $84.30, for a total value of $4,064,946.00. Following the completion of the transaction, the chief executive officer now owns 288,448 shares of the company’s stock, valued at $24,316,166.40. The disclosure for this sale can be found here. Insiders sold 187,543 shares of company stock valued at $15,530,794 over the last quarter. Insiders own 5.20% of the company’s stock.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer 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.

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



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