Focus Partners Wealth Buys 710 Shares of Floor & Decor Holdings, Inc. $FND

Focus Partners Wealth grew its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 3.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,458 shares of the company’s stock after purchasing an additional 710 shares during the quarter. Focus Partners Wealth’s holdings in Floor & Decor were worth $1,968,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FND. Northwestern Mutual Wealth Management Co. boosted its position in Floor & Decor by 42.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock worth $41,000 after purchasing an additional 152 shares during the period. Zions Bancorporation National Association UT bought a new position in Floor & Decor during the first quarter worth about $47,000. First Horizon Advisors Inc. boosted its position in Floor & Decor by 42.6% during the first quarter. First Horizon Advisors Inc. now owns 853 shares of the company’s stock worth $69,000 after purchasing an additional 255 shares during the period. Quarry LP boosted its position in Floor & Decor by 283.0% during the first quarter. Quarry LP now owns 1,421 shares of the company’s stock worth $114,000 after purchasing an additional 1,050 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in Floor & Decor by 24.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,539 shares of the company’s stock worth $124,000 after purchasing an additional 298 shares during the period.

Wall Street Analyst Weigh In

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

Floor & Decor Trading Down 0.5%

FND stock opened at $89.80 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $124.68. The company has a market capitalization of $9.67 billion, a PE ratio of 46.05, a price-to-earnings-growth ratio of 3.87 and a beta of 1.68. The company’s 50 day moving average price is $82.34 and its two-hundred day moving average price is $79.06.

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