Invesco Ltd. Sells 1,244 Shares of Floor & Decor Holdings, Inc. $FND

Invesco Ltd. cut its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,793 shares of the company’s stock after selling 1,244 shares during the period. Invesco Ltd. owned about 0.14% of Floor & Decor worth $12,295,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Townsquare Capital LLC grew its position in Floor & Decor by 17.7% during the 1st quarter. Townsquare Capital LLC now owns 6,370 shares of the company’s stock worth $513,000 after acquiring an additional 957 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in Floor & Decor during the 1st quarter worth approximately $47,000. Swiss National Bank grew its position in Floor & Decor by 3.7% during the 1st quarter. Swiss National Bank now owns 207,700 shares of the company’s stock worth $16,714,000 after acquiring an additional 7,400 shares during the last quarter. Headlands Technologies LLC grew its position in Floor & Decor by 2,613.8% during the 1st quarter. Headlands Technologies LLC now owns 5,509 shares of the company’s stock worth $443,000 after acquiring an additional 5,306 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Floor & Decor by 94.3% during the 1st quarter. Deutsche Bank AG now owns 27,376 shares of the company’s stock worth $2,203,000 after acquiring an additional 13,290 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently commented on FND shares. Evercore ISI decreased their price target on Floor & Decor from $85.00 to $80.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 24th. The Goldman Sachs Group decreased their price target on shares of Floor & Decor from $81.00 to $70.00 and set a “sell” rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus decreased their price target on shares of Floor & Decor from $110.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Barclays decreased their price target on shares of Floor & Decor from $91.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Friday, May 2nd. Finally, Morgan Stanley reduced their target price on shares of Floor & Decor from $105.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $88.56.

Floor & Decor Stock Performance

FND stock opened at $87.9750 on Friday. The business’s 50-day moving average price is $79.85 and its two-hundred day moving average price is $80.60. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. The firm has a market cap of $9.47 billion, a PE ratio of 45.12, a P/E/G ratio of 3.78 and a beta of 1.68. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $124.68.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. As a group, research analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Floor & Decor Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.