Floor & Decor Holdings, Inc. $FND Shares Sold by Bayforest Capital Ltd

Bayforest Capital Ltd decreased its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 24.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 638 shares of the company’s stock after selling 208 shares during the quarter. Bayforest Capital Ltd’s holdings in Floor & Decor were worth $51,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in Floor & Decor by 5.3% in the first quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company’s stock valued at $22,255,000 after acquiring an additional 13,983 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Floor & Decor by 28.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company’s stock valued at $255,000 after acquiring an additional 701 shares in the last quarter. Worldly Partners Management LLC raised its holdings in Floor & Decor by 5.5% in the first quarter. Worldly Partners Management LLC now owns 1,094,880 shares of the company’s stock valued at $88,105,000 after acquiring an additional 57,500 shares in the last quarter. Davidson Kahn Capital Management LLC raised its holdings in Floor & Decor by 24.0% in the first quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company’s stock valued at $2,446,000 after acquiring an additional 5,887 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its holdings in Floor & Decor by 32.5% in the first quarter. Bridges Investment Management Inc. now owns 320,614 shares of the company’s stock valued at $25,800,000 after acquiring an additional 78,626 shares in the last quarter.

Floor & Decor Stock Performance

Shares of FND opened at $88.86 on Friday. 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 $9.57 billion, a PE ratio of 45.57, a price-to-earnings-growth ratio of 3.88 and a beta of 1.68. The company’s 50 day simple moving average is $81.99 and its 200-day simple moving average is $79.15. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $124.68.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FND. Evercore ISI cut their price objective on shares of Floor & Decor from $85.00 to $80.00 and set an “in-line” rating on the stock in a report on Tuesday, June 24th. Guggenheim cut their price objective on shares of Floor & Decor from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Piper Sandler cut their price objective on shares of Floor & Decor from $80.00 to $78.00 and set a “neutral” rating on the stock in a report on Friday, August 1st. Wall Street Zen cut shares of Floor & Decor from a “hold” rating to a “sell” rating in a report on Friday, June 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $92.00 price objective on shares of Floor & Decor in a report on Tuesday, August 12th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $88.56.

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.