A company insider recently sold 6,381 shares of Floor & Decor Holdings Inc. [FND]. Should You also Consider to Sale?


Floor & Decor Holdings Inc.’s filing revealed that its EVP, STORE OPERATIONS DENNY STEVEN ALAN unloaded Company’s shares for reported $0.66 million on Aug 07. In the deal valued at $103.59 per share,6,381 shares were sold. As a result of this transaction, DENNY STEVEN ALAN now holds 12,419 shares worth roughly $ 1.24 million.

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Then, TAYLOR THOMAS V sold 18,656 shares, generating $2,145,440 in total proceeds. Upon selling the shares at $115.00, the CHIEF EXECUTIVE OFFICER now owns 177,891 shares.

Before that, TAYLOR THOMAS V sold 18,656 shares. Floor & Decor Holdings Inc. shares valued at $2,052,160 were divested by the CHIEF EXECUTIVE OFFICER at a price of $110.00 per share. As a result of the transaction, TAYLOR THOMAS V now holds 196,547 shares, worth roughly $19.65 million.

Jefferies downgraded its Floor & Decor Holdings Inc. [FND] rating to a Hold from a a Buy in a research note published on Friday, July 21, 2023; the price target was decreased to $108 from $110. PT values the company’s stock at a premium of 7.41 to its Friday closing price.

Price Performance Review of FND

On Friday, Floor & Decor Holdings Inc. [NYSE:FND] saw its stock jump 0.30% to $100.00. On the same session, the stock had its day’s lowest price of $99.515, but rose to a high of $101.93. Over the last five days, the stock has gained 4.24%. Floor & Decor Holdings Inc. shares have risen nearly 43.62% since the year began. Nevertheless, the stocks have risen 22.91% over the past one year. While a 52-week high of $116.03 was reached on 07/20/23, a 52-week low of $63.51 was recorded on 01/03/23. SMA at 50 days reached $105.17, while 200 days put it at $92.61. A total of 0.98 million shares were traded, compared to the trading of 0.93 million shares in the previous session.

Levels Of Support And Resistance For FND Stock

The 24-hour chart illustrates a support level at 99.03, which if violated will result in even more drops to 98.07. On the upside, there is a resistance level at 101.45. A further resistance level may holdings at 102.90. The Relative Strength Index (RSI) on the 14-day chart is 45.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 51.56%. Stochastics %K at 50.99% indicates the stock is a holding.

How much short interest is there in Floor & Decor Holdings Inc.?

A steep rise in short interest was recorded in Floor & Decor Holdings Inc. stocks on Aug 14, 2023, growing by 10000.0 shares to a total of 12.67 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 12.66 million shares. There was a rise of 0.08%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 15.91% of the overall stock float, the days-to-cover ratio (short ratio) rose to 10.51.

Floor & Decor Holdings Inc. [FND] – Who Are The Largest Shareholders?

In filings from Capital Research & Management Co, it is revealed that the company now owns 10,779,399 shares, or roughly 10.14% of the outstanding FND shares. In other words, the investor’s shares have fallen by -986,810 from its previous 13-F filing of 11766209.0. Additionally, T. Rowe Price Associates, Inc. decreased -19.15% of its stake after which the total value it holdings stand at $1,093,118,526, while The Vanguard Group, Inc. reduced -0.27% of its stake to hold $1.06 billion in the firm. At present, WCM Investment Management LLC is holding 4,411,836 shares valued at $506.7 million. Fidelity Management & Research Co owned 3,903,649 shares of the company at the time of its most recent 13F filing, worth $448.33 million.

According to FactSet, Floor & Decor Holdings Inc.’s share price will average $107.41 in the next year, based on opinions of analysts polled by the firm. This is up nearly 7.82 percent from its previous closing price of $99.70. Analysts expect Floor & Decor Holdings Inc. stock to reach the higher price of $129.00, while the lowest price estimate is $82.00. However, 23 analysts have rated FND stock as an Overweight in their predictions for 2023.


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