Floor & Decor Holdings Inc (NYSE:FND) shares rose 7% during trading on Wednesday . The stock traded as high as $48.71 and last traded at $48.60, approximately 1,741,126 shares changed hands during trading. An increase of 43% from the average daily volume of 1,217,659 shares. The stock had previously closed at $45.40.

Several research firms recently issued reports on FND. Stephens began coverage on Floor & Decor in a research report on Tuesday, April 23rd. They issued a “weight” rating and a $56.00 target price on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $42.00 target price (down from $44.00) on shares of Floor & Decor in a research report on Friday, May 3rd. Wells Fargo & Co reissued an “outperform” rating and issued a $54.00 target price (up from $45.00) on shares of Floor & Decor in a research report on Wednesday, April 24th. Citigroup cut their target price on Floor & Decor from $51.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Zacks Investment Research raised Floor & Decor from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. Floor & Decor has an average rating of “Hold” and an average target price of $43.48.

The firm has a 50-day simple moving average of $41.98 and a two-hundred day simple moving average of $40.56. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 50.10, a P/E/G ratio of 1.67 and a beta of 2.13. The company has a current ratio of 1.33, a quick ratio of 0.28 and a debt-to-equity ratio of 1.32.

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

In other news, EVP Brian K. Robbins sold 55,101 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $40.96, for a total transaction of $2,256,936.96. Following the sale, the executive vice president now directly owns 8,387 shares in the company, valued at approximately $343,531.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas V. Taylor sold 62,029 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $43.66, for a total value of $2,708,186.14. The disclosure for this sale can be found here. Insiders have sold a total of 4,373,059 shares of company stock worth $187,742,559 over the last ninety days. 7.00% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. Legal & General Group Plc lifted its position in shares of Floor & Decor by 66.0% in the fourth quarter. Legal & General Group Plc now owns 25,862 shares of the company’s stock valued at $670,000 after acquiring an additional 10,284 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Floor & Decor by 42.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 642,841 shares of the company’s stock valued at $16,651,000 after acquiring an additional 191,179 shares in the last quarter. Norges Bank purchased a new position in shares of Floor & Decor in the fourth quarter valued at about $8,952,000. State of Alaska Department of Revenue lifted its position in shares of Floor & Decor by 14.1% in the first quarter. State of Alaska Department of Revenue now owns 6,800 shares of the company’s stock valued at $280,000 after acquiring an additional 840 shares in the last quarter. Finally, Pier Capital LLC lifted its position in shares of Floor & Decor by 38.9% in the first quarter. Pier Capital LLC now owns 193,140 shares of the company’s stock valued at $7,961,000 after acquiring an additional 54,128 shares in the last quarter.

About Floor & Decor (NYSE:FND)

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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