Floor & Decor Holdings Inc (NYSE:FND) CFO Trevor Lang Sells 99,206 Shares

Floor & Decor Holdings Inc (NYSE:FND) CFO Trevor Lang sold 99,206 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $44.57, for a total transaction of $4,421,611.42. Following the completion of the sale, the chief financial officer now directly owns 237,875 shares of the company’s stock, valued at approximately $10,602,088.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Trevor Lang also recently made the following trade(s):

  • On Wednesday, August 7th, Trevor Lang sold 42,335 shares of Floor & Decor stock. The stock was sold at an average price of $44.02, for a total transaction of $1,863,586.70.
  • On Friday, June 14th, Trevor Lang sold 40,000 shares of Floor & Decor stock. The stock was sold at an average price of $38.88, for a total transaction of $1,555,200.00.

FND traded down $0.36 during trading hours on Thursday, reaching $42.60. 754,500 shares of the stock traded hands, compared to its average volume of 1,220,269. The firm’s fifty day simple moving average is $41.54 and its two-hundred day simple moving average is $40.35. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 43.92, a PEG ratio of 1.64 and a beta of 2.13. Floor & Decor Holdings Inc has a fifty-two week low of $23.30 and a fifty-two week high of $48.72. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.33 and a quick ratio of 0.28.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.04. The business had revenue of $520.31 million during the quarter, compared to analyst estimates of $510.73 million. Floor & Decor had a net margin of 6.35% and a return on equity of 18.32%. The business’s revenue was up 19.8% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. On average, research analysts predict that Floor & Decor Holdings Inc will post 1.11 earnings per share for the current year.

Several equities research analysts have recently issued reports on the stock. TheStreet raised shares of Floor & Decor from a “c” rating to a “b-” rating in a research report on Monday, August 5th. UBS Group dropped their price objective on shares of Floor & Decor from $55.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Goldman Sachs Group assumed coverage on shares of Floor & Decor in a research report on Thursday, July 11th. They issued a “neutral” rating and a $45.00 price objective for the company. Zacks Investment Research raised shares of Floor & Decor from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $54.00 price objective (up previously from $45.00) on shares of Floor & Decor in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $43.48.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FND. Dimensional Fund Advisors LP boosted its position in shares of Floor & Decor by 42.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 642,841 shares of the company’s stock valued at $16,651,000 after buying an additional 191,179 shares during the period. Two Sigma Advisers LP purchased a new position in shares of Floor & Decor during the fourth quarter valued at approximately $425,000. Legal & General Group Plc boosted its position in shares of Floor & Decor by 66.0% during the fourth quarter. Legal & General Group Plc now owns 25,862 shares of the company’s stock valued at $670,000 after buying an additional 10,284 shares during the period. Norges Bank purchased a new position in shares of Floor & Decor during the fourth quarter valued at approximately $8,952,000. Finally, State of Alaska Department of Revenue boosted its position in shares of Floor & Decor by 14.1% during the first quarter. State of Alaska Department of Revenue now owns 6,800 shares of the company’s stock valued at $280,000 after buying an additional 840 shares during the period.

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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Insider Buying and Selling by Quarter for Floor & Decor (NYSE:FND)

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