Cullen Frost Bankers Inc. Sells 1,323 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Cullen Frost Bankers Inc. trimmed its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 2.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,480 shares of the company's stock after selling 1,323 shares during the period. Cullen Frost Bankers Inc.'s holdings in Floor & Decor were worth $4,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in FND. Ahrens Investment Partners LLC purchased a new stake in shares of Floor & Decor in the 1st quarter worth approximately $29,000. Venturi Wealth Management LLC purchased a new stake in Floor & Decor during the 1st quarter worth approximately $39,000. Whittier Trust Co. of Nevada Inc. raised its stake in Floor & Decor by 54.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 464 shares of the company's stock worth $46,000 after acquiring an additional 163 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in Floor & Decor during the 4th quarter worth about $35,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Floor & Decor during the 1st quarter valued at about $57,000.

Shares of FND opened at $111.00 on Friday. The stock has a 50 day simple moving average of $102.77 and a 200 day simple moving average of $96.39. The firm has a market capitalization of $11.80 billion, a PE ratio of 40.07, a P/E/G ratio of 2.37 and a beta of 1.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.15 and a current ratio of 1.32. Floor & Decor Holdings, Inc. has a 52-week low of $63.51 and a 52-week high of $116.03.

Floor & Decor (NYSE:FND - Get Free Report) last announced its earnings results on Thursday, May 4th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). Floor & Decor had a net margin of 6.86% and a return on equity of 18.37%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $0.67 EPS. The company's revenue was up 9.1% compared to the same quarter last year. Sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2.66 EPS for the current fiscal year.

FND has been the subject of a number of research analyst reports. Wedbush upped their price objective on shares of Floor & Decor from $100.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 25th. Morgan Stanley raised their target price on Floor & Decor from $90.00 to $100.00 and gave the company an "equal weight" rating in a research report on Monday. Jefferies Financial Group downgraded Floor & Decor from a "buy" rating to a "hold" rating and reduced their price objective for the company from $110.00 to $108.00 in a research note on Friday, July 21st. Robert W. Baird lowered their target price on shares of Floor & Decor from $120.00 to $115.00 in a research note on Friday. Finally, Truist Financial began coverage on shares of Floor & Decor in a research report on Friday, June 23rd. They issued a "buy" rating and a $120.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $101.13.

Check Out Our Latest Report on FND

In related news, EVP David Victor Christopherson sold 5,804 shares of the company's stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $110.00, for a total transaction of $638,440.00. Following the sale, the executive vice president now directly owns 36,552 shares in the company, valued at approximately $4,020,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Thomas V. Taylor sold 18,656 shares of the business's stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $115.00, for a total value of $2,145,440.00. Following the completion of the transaction, the chief executive officer now directly owns 177,891 shares in the company, valued at approximately $20,457,465. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Victor Christopherson sold 5,804 shares of the company's stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $110.00, for a total value of $638,440.00. Following the sale, the executive vice president now owns 36,552 shares of the company's stock, valued at approximately $4,020,720. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,920 shares of company stock valued at $5,323,160. 2.50% of the stock is currently owned by insiders.

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer and commercial flooring distributor 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.

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