The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Floor & Decor Holdings Inc. shares valued at $24,953 were purchased by MARSHALL RYAN on May 13. At $71.30 per share, MARSHALL RYAN acquired 350 shares. The insider’s holdings grew to 4,249 shares worth approximately $0.35 million following the completion of this transaction.
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Also, GILES WILLIAM T purchased 2,000 shares, netting a total of over 192,000 in proceeds. Following the buying of shares at $96.00 each, the insider now holds 5,899 shares.
Before that, THORNTON FELICIA D had added 800 shares to its account. In a trade valued at $77,280, the Director bought Floor & Decor Holdings Inc. shares for $96.60 each. Upon closing the transaction, the insider’s holdings increased to 800 shares, worth approximately $0.99 million.
As published in a research note from Piper Sandler on July 29, 2022, Floor & Decor Holdings Inc. [FND] has been rated down from an Overweight to a Neutral and the price target has been revised to $75 from $103. This represents a -9.15% premium over Thursday’s closing price. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late June. As of June 23, 2022, MKM Partners has initiated its “Neutral” rating for FND.
Analyzing FND’s Price Performance
On Thursday, Floor & Decor Holdings Inc. [NYSE: FND] plunged -2.17% to $81.86. The stock’s lowest price that day was $81.245, but it reached a high of $84.745 in the same session. During the last five days, there has been a surge of approximately 3.53%. Over the course of the year, Floor & Decor Holdings Inc. shares have dropped approximately -37.04%. Shares of the company reached a 52-week high of $131.88 on 01/04/22 and a 52-week low of $59.91 on 06/16/22. A 50-day SMA is recorded $72.80, while a 200-day SMA reached $97.84. Nevertheless, trading volume fell to 2.1 million shares from 0.97 million shares the previous day.
Support And Resistance Levels for Floor & Decor Holdings Inc. (FND)
According to the 24-hour chart, there is a support level at 80.49, which, if violated, would cause prices to drop to 79.12. In the upper region, resistance lies at 83.99. The next price resistance is at 86.12. RSI (Relative Strength Index) is 61.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.24, which suggests the price will increase in the coming days. Percent R is at 19.71%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Floor & Decor Holdings Inc. subject to short interest?
Stocks of Floor & Decor Holdings Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 2.4 million shares to 8.47 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 6.07 million shares. A jump of 28.34% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.23 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.23.
Which companies own the most shares of Floor & Decor Holdings Inc. (FND)?
According to Capital Research & Management Co filings, the company currently owns 11,016,100 shares, which is about 10.41% of the total FND shares outstanding. The investor’s shares have plunged by -519,179 from its previous 13-F filing of 11535279.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $560,032,789. Fidelity Management & Research Co reduced a -7.70% interest valued at $382.56 million while Berkshire Hathaway, Inc. purchased a 3,936,291 stake. A total of -717,600 shares of Floor & Decor Holdings Inc. were bought by Abdiel Capital Advisors LP during the quarter, and 88,623 were bought by Sands Capital Management LLC. In its current portfolio, BlackRock Fund Advisors holds 4,099,157 shares valued at $258.08 million.
In terms of Floor & Decor Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $92.89 in the next 12 months, up nearly 13.53% from the previous closing price of $83.68. Analysts anticipate Floor & Decor Holdings Inc. stock to reach $120.00 by 2022, with the lowest price target being $64.00. In spite of this, 19 analysts ranked Floor & Decor Holdings Inc. stock as an Overweight at the end of 2022. On May 14, 2021, Telsey Advisory Group assigned a price target of “an Outperform” to the stock and reiterated coverage with a $140.