Cullen Frost Bankers Inc. Trims Holdings in Floor & Decor Holdings, Inc. $FND

Cullen Frost Bankers Inc. lowered its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 26.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,098 shares of the company’s stock after selling 385 shares during the period. Cullen Frost Bankers Inc.’s holdings in Floor & Decor were worth $83,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Chicago Partners Investment Group LLC boosted its position in shares of Floor & Decor by 25.2% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 7,800 shares of the company’s stock worth $636,000 after purchasing an additional 1,571 shares during the period. Bridges Investment Management Inc. boosted its position in shares of Floor & Decor by 44.0% during the 2nd quarter. Bridges Investment Management Inc. now owns 461,795 shares of the company’s stock worth $35,078,000 after purchasing an additional 141,181 shares during the period. TD Asset Management Inc purchased a new position in shares of Floor & Decor during the 2nd quarter worth approximately $1,138,000. Verdence Capital Advisors LLC boosted its position in shares of Floor & Decor by 25.3% during the 2nd quarter. Verdence Capital Advisors LLC now owns 5,408 shares of the company’s stock worth $411,000 after purchasing an additional 1,093 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Floor & Decor during the 2nd quarter worth approximately $276,000.

Floor & Decor Trading Up 1.7%

NYSE FND opened at $72.42 on Friday. 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 Holdings, Inc. has a 52 week low of $66.01 and a 52 week high of $122.90. The stock has a market capitalization of $7.80 billion, a PE ratio of 37.14, a price-to-earnings-growth ratio of 3.11 and a beta of 1.70. The firm has a 50 day moving average of $78.87 and a two-hundred day moving average of $77.40.

Floor & Decor (NYSE:FND) last posted 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 net margin of 4.59% and a return on equity of 9.36%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the business posted $0.52 EPS. The firm’s 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. As a group, research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FND has been the subject of a number of research analyst reports. 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 report on Tuesday, October 14th. Piper Sandler cut their target price on shares of 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 target price on shares of Floor & Decor in a research note on Tuesday, August 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Floor & Decor in a research note on Wednesday, October 8th. Finally, Citigroup cut their target price on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Five equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $86.83.

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.