Park Avenue Securities LLC Invests $356,000 in Floor & Decor Holdings, Inc. $FND

Park Avenue Securities LLC bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,684 shares of the company’s stock, valued at approximately $356,000.

Other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 acquired a new stake in shares of Floor & Decor during the first quarter worth $47,000. eCIO Inc. acquired a new stake in shares of Floor & Decor during the first quarter worth $62,000. First Horizon Advisors Inc. grew its stake in shares of 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. Finally, UMB Bank n.a. grew its stake in shares of Floor & Decor by 31.5% during the second quarter. UMB Bank n.a. now owns 1,362 shares of the company’s stock worth $103,000 after purchasing an additional 326 shares during the period.

Analysts Set New Price Targets

FND has been the subject of a number of analyst reports. Piper Sandler decreased 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Floor & Decor in a research note on Tuesday, August 12th. Wolfe Research assumed coverage on Floor & Decor in a research note on Thursday, September 18th. They set an “underperform” rating and a $76.00 price objective for the company. Wall Street Zen cut Floor & Decor from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Finally, 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 note on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Floor & Decor currently has an average rating of “Hold” and a consensus price target of $88.63.

Floor & Decor Stock Down 2.0%

FND stock opened at $73.72 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.28. The stock has a market capitalization of $7.94 billion, a P/E ratio of 37.81, a P/E/G ratio of 3.23 and a beta of 1.68. The business has a 50-day moving average of $82.23 and a 200-day moving average of $78.44. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $124.45.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.Floor & Decor’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, sell-side analysts anticipate 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.