AGP Franklin LLC Boosts Stake in Floor & Decor Holdings, Inc. $FND

AGP Franklin LLC lifted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 7.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,777 shares of the company’s stock after acquiring an additional 1,880 shares during the quarter. AGP Franklin LLC’s holdings in Floor & Decor were worth $2,034,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of FND. Northwestern Mutual Wealth Management Co. grew its stake in Floor & Decor by 42.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock valued at $41,000 after purchasing an additional 152 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Floor & Decor during the 1st quarter valued at approximately $47,000. eCIO Inc. acquired a new stake in shares of Floor & Decor during the first quarter worth approximately $62,000. WD Rutherford LLC acquired a new stake in shares of Floor & Decor during the second quarter worth approximately $73,000. Finally, Hantz Financial Services Inc. increased its stake in shares of Floor & Decor by 34.4% in the second quarter. Hantz Financial Services Inc. now owns 1,245 shares of the company’s stock worth $95,000 after buying an additional 319 shares during the last quarter.

Floor & Decor Trading Up 5.2%

NYSE:FND opened at $60.50 on Friday. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 2.50 and a beta of 1.70. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27. Floor & Decor Holdings, Inc. has a 1 year low of $55.11 and a 1 year high of $122.90. The business has a fifty day moving average of $70.02 and a 200-day moving average of $75.94.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.06. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. Equities analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Insider Buying and Selling at Floor & Decor

In other news, President Bradley Paulsen bought 5,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was purchased at an average cost of $60.27 per share, for a total transaction of $301,350.00. Following the completion of the transaction, the president directly owned 30,000 shares of the company’s stock, valued at approximately $1,808,100. This trade represents a 20.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FND shares. JPMorgan Chase & Co. reduced their price objective on shares of Floor & Decor from $94.00 to $85.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Piper Sandler raised shares of Floor & Decor from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $75.00 to $80.00 in a research report on Wednesday, November 12th. UBS Group decreased their price target on Floor & Decor from $80.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Evercore ISI cut their price objective on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 11th. Finally, Cowen set a $77.00 target price on Floor & Decor in a report on Friday, October 31st. Six investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and a consensus price target of $83.95.

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.