Floor & Decor Holdings, Inc. $FND Shares Sold by Bamco Inc. NY

Bamco Inc. NY lessened its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 4.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,073,912 shares of the company’s stock after selling 52,805 shares during the period. Bamco Inc. NY owned approximately 1.00% of Floor & Decor worth $81,574,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in Floor & Decor by 42.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock worth $41,000 after purchasing an additional 152 shares during the last quarter. eCIO Inc. acquired a new position in shares of Floor & Decor during the first quarter worth approximately $62,000. WD Rutherford LLC bought a new position in Floor & Decor in the 2nd quarter worth approximately $73,000. Hantz Financial Services Inc. grew its holdings in Floor & Decor by 34.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,245 shares of the company’s stock worth $95,000 after buying an additional 319 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Floor & Decor by 31.5% in the 2nd quarter. UMB Bank n.a. now owns 1,362 shares of the company’s stock valued at $103,000 after acquiring an additional 326 shares during the period.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Cowen set a $77.00 price target on Floor & Decor in a research note on Friday, October 31st. Citigroup reduced their price objective on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Piper Sandler upgraded shares of Floor & Decor from a “neutral” rating to an “overweight” rating and increased their target price for the company from $75.00 to $80.00 in a research report on Wednesday, November 12th. JPMorgan Chase & Co. dropped their price target on shares of Floor & Decor from $94.00 to $85.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Floor & Decor in a research note on Friday, October 31st. Six research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $83.95.

Floor & Decor Price Performance

Shares of NYSE FND opened at $61.23 on Friday. Floor & Decor Holdings, Inc. has a twelve month low of $55.11 and a twelve month high of $113.19. The company has a current ratio of 1.27, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average of $64.98 and a two-hundred day moving average of $74.53. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 2.74 and a beta of 1.75.

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

Insider Transactions at Floor & Decor

In related news, President Bradley Paulsen purchased 5,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were bought at an average price of $60.27 per share, with a total value of $301,350.00. Following the completion of the acquisition, the president owned 30,000 shares of the company’s stock, valued at approximately $1,808,100. This represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.10% of the company’s stock.

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.