Waratah Capital Advisors Ltd. acquired a new position in Floor & Decor Holdings Inc (NYSE:FND) during the first quarter, Holdings Channel reports. The firm acquired 37,678 shares of the company’s stock, valued at approximately $1,553,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Floor & Decor during the fourth quarter worth $26,000. Cornerstone Advisors Inc. raised its position in shares of Floor & Decor by 42.2% during the fourth quarter. Cornerstone Advisors Inc. now owns 1,398 shares of the company’s stock worth $36,000 after purchasing an additional 415 shares during the period. Captrust Financial Advisors raised its position in shares of Floor & Decor by 99.4% during the fourth quarter. Captrust Financial Advisors now owns 1,715 shares of the company’s stock worth $44,000 after purchasing an additional 855 shares during the period. We Are One Seven LLC acquired a new stake in shares of Floor & Decor during the fourth quarter worth $51,000. Finally, Stephens Inc. AR acquired a new stake in shares of Floor & Decor during the first quarter worth $86,000.
Shares of FND stock traded up $0.10 on Thursday, reaching $42.53. 19,790 shares of the company’s stock traded hands, compared to its average volume of 1,257,928. Floor & Decor Holdings Inc has a 12-month low of $23.30 and a 12-month high of $55.86. The company has a current ratio of 1.32, a quick ratio of 0.23 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 43.79, a P/E/G ratio of 1.47 and a beta of 1.78.
In other news, major shareholder Corporate Opportunities F. Ares sold 6,673,401 shares of Floor & Decor stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $37.50, for a total transaction of $250,252,537.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Felicia D. Thornton purchased 2,600 shares of the stock in a transaction dated Wednesday, February 27th. The shares were acquired at an average price of $37.82 per share, for a total transaction of $98,332.00. Following the acquisition, the director now directly owns 7,728 shares of the company’s stock, valued at approximately $292,272.96. The disclosure for this purchase can be found here. Insiders have sold 7,668,123 shares of company stock worth $292,988,420 in the last quarter. 7.00% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently issued reports on FND shares. Robert W. Baird started coverage on Floor & Decor in a research report on Monday, March 4th. They set an “outperform” rating and a $48.00 target price on the stock. Wedbush reaffirmed an “in-line” rating and set a $48.00 target price (up from $43.00) on shares of Floor & Decor in a research report on Thursday, April 25th. Bank of America lowered Floor & Decor from a “buy” rating to an “underperform” rating and set a $29.00 target price on the stock. in a research report on Friday, February 1st. UBS Group raised Floor & Decor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $29.00 to $37.00 in a research report on Friday, January 18th. Finally, Wells Fargo & Co reaffirmed a “buy” rating and set a $45.00 target price on shares of Floor & Decor in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.08.
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About Floor & Decor
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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