Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. decreased its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,060 shares of the company’s stock after selling 1,856 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Floor & Decor were worth $5,250,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. FMR LLC lifted its holdings in Floor & Decor by 13.1% in the 3rd quarter. FMR LLC now owns 4,605,699 shares of the company’s stock valued at $416,816,000 after acquiring an additional 531,891 shares during the last quarter. WCM Investment Management LLC lifted its stake in Floor & Decor by 1.0% during the fourth quarter. WCM Investment Management LLC now owns 4,521,719 shares of the company’s stock valued at $514,979,000 after purchasing an additional 46,964 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Floor & Decor by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 781,657 shares of the company’s stock worth $87,202,000 after buying an additional 25,740 shares in the last quarter. Wellington Management Group LLP grew its position in Floor & Decor by 435.1% in the third quarter. Wellington Management Group LLP now owns 653,740 shares of the company’s stock worth $59,163,000 after buying an additional 531,574 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its holdings in shares of Floor & Decor by 36.3% in the third quarter. TimesSquare Capital Management LLC now owns 610,967 shares of the company’s stock valued at $55,293,000 after buying an additional 162,807 shares in the last quarter.

Floor & Decor Trading Down 1.3 %

NYSE:FND opened at $115.35 on Thursday. The company has a market capitalization of $12.32 billion, a P/E ratio of 55.72, a P/E/G ratio of 5.51 and a beta of 1.86. The stock’s 50 day moving average price is $118.69 and its 200 day moving average price is $106.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. Floor & Decor’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 EPS. On average, research analysts forecast that Floor & Decor Holdings, Inc. will post 1.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FND. Bank of America lifted their target price on Floor & Decor from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. The Goldman Sachs Group upped their price objective on shares of Floor & Decor from $71.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. 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 report on Monday, February 26th. Guggenheim upped their price target on shares of Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Finally, Sanford C. Bernstein lowered shares of Floor & Decor from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $100.00 to $115.00 in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $108.76.

Insiders Place Their Bets

In other news, EVP Steven Alan Denny sold 5,152 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the sale, the executive vice president now owns 13,271 shares in the company, valued at approximately $1,639,233.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, 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 value of $813,095.00. Following the transaction, the chief accounting officer now owns 25,271 shares in the company, valued at approximately $2,999,667.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven Alan Denny sold 5,152 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the transaction, the executive vice president now directly owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The disclosure for this sale can be found here. Insiders have sold 90,867 shares of company stock valued at $11,016,089 over the last three months. 2.10% of the stock is currently owned by insiders.

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.