Fox Run Management L.L.C. Sold 18,244 Shares of Floor & Decor Stake Inc (NYSE:FND)

Fox Run Management L.L.C. Sold 18,244 Shares of Floor & Decor Stake Inc (NYSE:FND)

Fox Run Management L.L.C. lowered its position in Floor & Decor Holdings Inc (NYSE:FND) by 62.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,903 shares of the company’s stock after selling 18,244 shares during the period. Fox Run Management L.L.C.’s holdings in Floor & Decor were worth $282,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. LGT Capital Partners LTD. bought a new position in Floor & Decor in the 4th quarter worth $1,153,000. Vanguard Group Inc boosted its holdings in shares of Floor & Decor by 24.6% during the 3rd quarter. Vanguard Group Inc now owns 4,502,767 shares of the company’s stock valued at $135,848,000 after purchasing an additional 887,822 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of Floor & Decor during the 3rd quarter valued at about $1,913,000. Marshall Wace LLP bought a new position in shares of Floor & Decor during the 3rd quarter valued at about $57,988,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Floor & Decor by 24.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,502,767 shares of the company’s stock valued at $135,848,000 after purchasing an additional 887,822 shares during the last quarter.

Floor & Decor stock traded down $0.09 during midday trading on Monday, reaching $32.23. The stock had a trading volume of 866,283 shares, compared to its average volume of 1,249,521. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 0.26. Floor & Decor Holdings Inc has a 52-week low of $23.30 and a 52-week high of $58.28. The firm has a market capitalization of $3.15 billion, a P/E ratio of 46.71, a price-to-earnings-growth ratio of 1.14 and a beta of 1.64.

Several research analysts have commented on the stock. Gordon Haskett downgraded shares of Floor & Decor from a “buy” rating to a “hold” rating and set a $32.06 price objective for the company. in a report on Monday. Zacks Investment Research raised shares of Floor & Decor from a “sell” rating to a “hold” rating in a report on Monday, November 26th. ValuEngine raised shares of Floor & Decor from a “sell” rating to a “hold” rating in a report on Thursday, November 15th. Credit Suisse Group set a $37.00 price objective on shares of Floor & Decor and gave the company a “buy” rating in a report on Friday, November 2nd. Finally, Bank of America raised shares of Floor & Decor from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $41.06.

In related news, Director George Vincent West sold 140,000 shares of the stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $31.12, for a total value of $4,356,800.00. Following the sale, the director now directly owns 140,000 shares of the company’s stock, valued at approximately $4,356,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 185,000 shares of company stock worth $5,867,000 over the last three months. 8.20% of the stock is currently owned by corporate insiders.

Floor & Decor 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, 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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