Advisory Research Inc. decreased its holdings in shares of Floor & Decor Holdings Inc (NYSE:FND) by 73.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,421 shares of the company’s stock after selling 14,686 shares during the period. Advisory Research Inc.’s holdings in Floor & Decor were worth $264,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Gilder Gagnon Howe & Co. LLC lifted its stake in Floor & Decor by 30.8% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,644,866 shares of the company’s stock worth $102,965,000 after purchasing an additional 622,703 shares during the period. TimesSquare Capital Management LLC lifted its stake in Floor & Decor by 1,007.3% during the third quarter. TimesSquare Capital Management LLC now owns 1,660,900 shares of the company’s stock worth $64,659,000 after purchasing an additional 1,510,900 shares during the period. Vanguard Group Inc. bought a new position in Floor & Decor during the second quarter worth about $32,590,000. Bamco Inc. NY lifted its stake in Floor & Decor by 515.5% during the third quarter. Bamco Inc. NY now owns 704,022 shares of the company’s stock worth $27,408,000 after purchasing an additional 589,635 shares during the period. Finally, FMR LLC bought a new position in Floor & Decor during the second quarter worth about $25,899,000. Hedge funds and other institutional investors own 89.13% of the company’s stock.
In other news, CFO Trevor Lang sold 44,322 shares of Floor & Decor stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $50.00, for a total value of $2,216,100.00. Following the completion of the transaction, the chief financial officer now owns 182,991 shares in the company, valued at $9,149,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas V. Taylor sold 155,392 shares of Floor & Decor stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $45.71, for a total transaction of $7,102,968.32. Following the completion of the transaction, the chief executive officer now owns 24,726 shares of the company’s stock, valued at approximately $1,130,225.46. The disclosure for this sale can be found here. Insiders sold 494,402 shares of company stock valued at $22,837,544 in the last quarter.
A number of research analysts have commented on the stock. BMO Capital Markets raised their price target on shares of Floor & Decor from $41.00 to $45.00 and gave the stock a “market perform” rating in a research note on Monday, November 6th. Piper Jaffray Companies restated a “hold” rating and set a $50.00 price target on shares of Floor & Decor in a research note on Tuesday, January 9th. Wells Fargo & Co restated a “hold” rating and set a $42.00 price target on shares of Floor & Decor in a research note on Thursday, November 2nd. Stifel Nicolaus assumed coverage on shares of Floor & Decor in a research note on Wednesday, December 13th. They set a “buy” rating and a $51.00 price target for the company. Finally, Jefferies Group raised their price target on shares of Floor & Decor from $38.00 to $42.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Floor & Decor presently has a consensus rating of “Buy” and an average price target of $45.41.
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Floor & Decor Profile
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
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