Floor & Decor Holdings, Inc. $FND Shares Purchased by UMB Bank n.a.

UMB Bank n.a. grew its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 31.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,362 shares of the company’s stock after buying an additional 326 shares during the quarter. UMB Bank n.a.’s holdings in Floor & Decor were worth $103,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FND. Envestnet Asset Management Inc. lifted its position in Floor & Decor by 5.3% in the first quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company’s stock worth $22,255,000 after purchasing an additional 13,983 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Floor & Decor by 28.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company’s stock worth $255,000 after buying an additional 701 shares in the last quarter. Worldly Partners Management LLC lifted its holdings in shares of 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 buying an additional 57,500 shares during the period. Davidson Kahn Capital Management LLC boosted its stake in Floor & Decor by 24.0% during the first quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company’s stock valued at $2,446,000 after buying an additional 5,887 shares in the last quarter. Finally, Bridges Investment Management Inc. boosted its stake in Floor & Decor by 32.5% during the first quarter. Bridges Investment Management Inc. now owns 320,614 shares of the company’s stock valued at $25,800,000 after buying an additional 78,626 shares in the last quarter.

Floor & Decor Trading Down 2.9%

FND stock opened at $79.58 on Thursday. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $124.68. 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 business’s 50 day moving average is $82.50 and its 200-day moving average is $78.87. The firm has a market cap of $8.57 billion, a P/E ratio of 40.81, a P/E/G ratio of 3.52 and a beta of 1.68.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.58 EPS 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 for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm earned $0.52 EPS. Floor & Decor’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 analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wolfe Research initiated coverage on shares of Floor & Decor in a report on Thursday, September 18th. They issued an “underperform” rating and a $76.00 target price for the company. Telsey Advisory Group restated an “outperform” rating and issued a $92.00 price objective on shares of Floor & Decor in a report on Tuesday, August 12th. Morgan Stanley decreased their target price on Floor & Decor from $105.00 to $97.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Guggenheim lowered their price target on Floor & Decor from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. Finally, Wall Street Zen downgraded Floor & Decor from a “hold” rating to a “sell” rating in a research report on Friday, June 27th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and a consensus price target of $88.63.

Floor & Decor Company 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.