Floor & Decor Holdings, Inc. $FND Shares Bought by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 5.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,639 shares of the company’s stock after acquiring an additional 139 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Floor & Decor were worth $200,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its stake 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 acquiring an additional 152 shares during the last quarter. Commerce Bank increased its stake in Floor & Decor by 3.7% during the first quarter. Commerce Bank now owns 4,712 shares of the company’s stock worth $379,000 after acquiring an additional 168 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in Floor & Decor by 2.4% during the first quarter. Crossmark Global Holdings Inc. now owns 7,428 shares of the company’s stock worth $598,000 after acquiring an additional 171 shares during the last quarter. Xponance Inc. grew its stake in shares of Floor & Decor by 1.2% in the first quarter. Xponance Inc. now owns 16,018 shares of the company’s stock valued at $1,289,000 after buying an additional 190 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Floor & Decor by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the company’s stock valued at $2,414,000 after buying an additional 200 shares in the last quarter.

Floor & Decor Stock Down 0.2%

Floor & Decor stock opened at $87.04 on Friday. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $124.68. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25. The company has a market capitalization of $9.37 billion, a P/E ratio of 44.64, a PEG ratio of 3.74 and a beta of 1.68. The stock has a 50-day simple moving average of $82.44 and a 200-day simple moving average of $79.08.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned $0.52 EPS. The business’s quarterly 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. Equities research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FND shares. Wolfe Research started coverage on Floor & Decor in a research note on Thursday. They issued an “underperform” rating and a $76.00 price objective for the company. Piper Sandler dropped their price objective on Floor & Decor from $80.00 to $78.00 and set a “neutral” rating for the company in a research note on Friday, August 1st. Guggenheim dropped their price objective on Floor & Decor from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 1st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $92.00 price objective on shares of Floor & Decor in a research note on Tuesday, August 12th. Finally, Wall Street Zen cut Floor & Decor from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $87.82.

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.