Truist Financial Corp Acquires 289 Shares of Floor & Decor Holdings, Inc. $FND

Truist Financial Corp boosted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,610 shares of the company’s stock after acquiring an additional 289 shares during the quarter. Truist Financial Corp’s holdings in Floor & Decor were worth $426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its position in Floor & Decor by 5.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,639 shares of the company’s stock valued at $200,000 after buying an additional 139 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Floor & Decor by 42.0% in the 1st 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. Signaturefd LLC lifted its stake in shares of Floor & Decor by 9.5% in the 2nd quarter. Signaturefd LLC now owns 1,917 shares of the company’s stock valued at $146,000 after acquiring an additional 166 shares during the last quarter. Commerce Bank increased its stake in Floor & Decor by 3.7% in the 1st quarter. Commerce Bank now owns 4,712 shares of the company’s stock worth $379,000 after purchasing an additional 168 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in Floor & Decor by 2.4% in the 1st quarter. Crossmark Global Holdings Inc. now owns 7,428 shares of the company’s stock worth $598,000 after purchasing an additional 171 shares during the period.

Floor & Decor Price Performance

Shares of NYSE FND opened at $70.82 on Friday. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $122.90. 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 company’s 50-day moving average is $80.12 and its 200 day moving average is $77.45. The stock has a market capitalization of $7.63 billion, a P/E ratio of 36.32, a P/E/G ratio of 3.04 and a beta of 1.70.

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, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $1.21 billion for 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%.The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 EPS. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, sell-side analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FND has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Floor & Decor in a research note on Wednesday, October 8th. Telsey Advisory Group reissued 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 lowered their price objective on shares of Floor & Decor from $80.00 to $75.00 and set an “in-line” rating for the company in a research note on Tuesday. Wall Street Zen lowered shares of Floor & Decor from a “hold” rating to a “sell” rating in a report on Friday, June 27th. Finally, Morgan Stanley lowered their price target 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. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $87.24.

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.