State of Alaska Department of Revenue Has $918,000 Stake in Floor & Decor Holdings, Inc. $FND

State of Alaska Department of Revenue decreased its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,095 shares of the company’s stock after selling 465 shares during the quarter. State of Alaska Department of Revenue’s holdings in Floor & Decor were worth $918,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in Floor & Decor by 5.3% in the first quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company’s stock valued at $22,255,000 after buying an additional 13,983 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Floor & Decor by 28.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company’s stock valued at $255,000 after buying an additional 701 shares during the period. Worldly Partners Management LLC lifted its stake in 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 lifted its stake in Floor & Decor by 24.0% in 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 during the period. Finally, Bridges Investment Management Inc. lifted its stake in Floor & Decor by 32.5% in 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 during the period.

Analyst Ratings Changes

Several research firms have weighed in on FND. Piper Sandler cut their target price on Floor & Decor from $80.00 to $78.00 and set a “neutral” rating on the stock in a research note on Friday, August 1st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $92.00 price target on shares of Floor & Decor in a research report on Tuesday, August 12th. Evercore ISI dropped their price target on Floor & Decor from $90.00 to $85.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Floor & Decor in a research report on Saturday, September 27th. Finally, Morgan Stanley dropped their price target on Floor & Decor from $105.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $88.63.

Floor & Decor Trading Down 2.6%

NYSE:FND opened at $71.74 on Tuesday. The company has a market cap of $7.73 billion, a P/E ratio of 36.79, a price-to-earnings-growth ratio of 3.16 and a beta of 1.70. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $122.90. The business has a 50 day moving average price of $81.67 and a two-hundred day moving average price of $78.09. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. 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 posted $0.52 earnings per share. The firm’s revenue for the quarter 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 expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

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.