Floor & Decor Holdings, Inc. announced (NYSE:FND) announced a recent transaction by one of its senior executives, according to a new filing with the Securities and Exchange Commission. Stephen Alan Denny, executive vice president of store operations for the company, participated in the stock sale on May 13, 2024.
Denny sold a total of 1,010 shares of Class A common stock at an average price of $123.11, resulting in a total value of approximately $124,341. The sales were made in multiple transactions at prices ranging from $123,074 to $123,222. In accordance with SEC requirements, Denny's has committed to providing detailed information about the number of shares sold at each price point within the specified range upon request.
In addition to the sales, Denny's also acquired 749 shares through the exercise of options at a price of $95.68 per share, bringing the total transaction value to $71,664. It should be noted that these options are part of the vesting schedule detailed in the deposit footnotes, with premiums accruing annually since 2022.
Following these transactions, Denny's (NASDAQ:)'s direct ownership of Floor & Decor Holdings will be 12,911 shares of Class A common stock. The CEO's recent activities offer investors a glimpse into insider dealings at the company, which specializes in the retail sale of lumber and other building materials.
Investors and market watchers often pay close attention to insider buying and selling, as they can provide insight into executives' views on a company's current valuation and future prospects.
InvestingPro Insights
As investors digest recent insider transactions at Floor & Decor Holdings, Inc. (NYSE:FND), it is useful to consider the broader financial context in which these sales occurred. according to InvestingPro Floor & Decor has a market cap of $13.14 billion and trades at a high multiple of earnings, with a P/E ratio of 58.31 as of the trailing twelve months through Q1 2024. This valuation indicates that the market has high expectations. To grow the company's profits in the future.
Remove ads
.
InvestingPro tips note that although Floor & Decor's share price movements have been very volatile, the company's cash flows can adequately cover its interest payments, indicating its financial stability. In addition, the company operates with a moderate level of debt. These factors can be crucial for investors considering a company's long-term health and resilience amid market volatility.
Furthermore, the stock has seen significant price appreciation over the past six months, with a total return of 37.26%, reflecting a strong performance that may have had an impact on the timing of insider transactions. It is also worth noting that analysts expect the company to be profitable this year, which could boost investor confidence.
For those looking to dig deeper into Floor & Decor's financial and stock performance, InvestingPro Provides additional insights. There are currently 19 additional InvestingPro tips available for FND at https://www.investing.com/pro/FND, which can provide a more accurate understanding of a company's position and potential. To access this valuable information, use the coupon code ProNews24 Get an extra 10% off Pro and Pro+ subscriptions annually or every two years.
This article was created with the power of artificial intelligence and reviewed by an editor. For more information, see our terms and conditions.
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=();t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)(0);s.parentNode.insertBefore(t,s)}(window, document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
The post Floor & Decor EVP sells shares worth over $124k By Investing.com first appeared on Investorempires.com.