Signaturefd LLC Increases Stock Holdings in Floor & Decor Holdings, Inc. $FND

Signaturefd LLC increased its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 9.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,917 shares of the company’s stock after purchasing an additional 166 shares during the period. Signaturefd LLC’s holdings in Floor & Decor were worth $146,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. MassMutual Private Wealth & Trust FSB grew its position in shares of Floor & Decor by 5.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,639 shares of the company’s stock valued at $200,000 after purchasing an additional 139 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Floor & Decor by 42.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock valued at $41,000 after acquiring an additional 152 shares during the last quarter. Commerce Bank boosted its holdings in Floor & Decor by 3.7% in the first quarter. Commerce Bank now owns 4,712 shares of the company’s stock valued at $379,000 after acquiring an additional 168 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Floor & Decor by 2.4% in the first quarter. Crossmark Global Holdings Inc. now owns 7,428 shares of the company’s stock valued at $598,000 after acquiring an additional 171 shares during the last quarter. Finally, Xponance Inc. boosted its holdings in 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 acquiring an additional 190 shares during the last quarter.

Floor & Decor Trading Up 0.0%

NYSE:FND opened at $73.69 on Friday. 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 $122.90. The business’s 50-day simple moving average is $81.84 and its 200 day simple moving average is $78.25. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 37.79, a price-to-earnings-growth ratio of 3.16 and a beta of 1.70.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.58 EPS for the quarter, topping 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 analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. As a group, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Piper Sandler reduced their target price on Floor & Decor from $80.00 to $78.00 and set a “neutral” rating on the stock in a report on Friday, August 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Floor & Decor in a report on Saturday, September 27th. Wall Street Zen cut Floor & Decor from a “hold” rating to a “sell” rating in a report on Friday, June 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $92.00 target price on shares of Floor & Decor in a report on Tuesday, August 12th. Finally, Wolfe Research started coverage on Floor & Decor in a research note on Thursday, September 18th. They set an “underperform” rating and a $76.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Floor & Decor has an average rating of “Hold” and an average target price of $88.63.

About Floor & Decor

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.