Fisher Funds Management LTD Decreases Stock Position in Floor & Decor Holdings, Inc. $FND

Fisher Funds Management LTD trimmed its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 32.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,023,727 shares of the company’s stock after selling 495,990 shares during the quarter. Floor & Decor accounts for 2.0% of Fisher Funds Management LTD’s holdings, making the stock its 12th largest holding. Fisher Funds Management LTD owned about 0.95% of Floor & Decor worth $75,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. State of Wyoming acquired a new position in shares of Floor & Decor during the second quarter worth about $46,000. Steph & Co. purchased a new position in Floor & Decor in the third quarter worth approximately $48,000. Mather Group LLC. purchased a new position in Floor & Decor in the third quarter worth approximately $49,000. TD Private Client Wealth LLC grew its holdings in Floor & Decor by 2,013.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 930 shares of the company’s stock worth $69,000 after acquiring an additional 886 shares in the last quarter. Finally, WD Rutherford LLC purchased a new stake in shares of Floor & Decor in the 2nd quarter valued at approximately $73,000.

Insider Activity at Floor & Decor

In other Floor & Decor news, President Bradley Paulsen purchased 5,000 shares of Floor & Decor stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average price of $60.27 per share, for a total transaction of $301,350.00. Following the transaction, the president directly owned 30,000 shares in the company, valued at $1,808,100. This trade represents a 20.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.90% of the stock is owned by insiders.

Floor & Decor Stock Up 0.9%

Floor & Decor stock opened at $76.17 on Tuesday. The company has a market capitalization of $8.21 billion, a P/E ratio of 38.09, a PEG ratio of 2.97 and a beta of 1.73. 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 fifty-two week low of $55.11 and a fifty-two week high of $108.76. The stock has a 50-day simple moving average of $64.14 and a 200-day simple moving average of $72.92.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The firm’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. Equities research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on FND. Citigroup decreased their price objective on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Evercore ISI decreased their price target on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating for the company in a report on Tuesday, November 11th. The Goldman Sachs Group upgraded Floor & Decor from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $80.00 to $71.00 in a report on Thursday, November 13th. Cowen set a $77.00 target price on Floor & Decor in a research note on Friday, October 31st. Finally, Piper Sandler raised Floor & Decor from a “neutral” rating to an “overweight” rating and upped their price target for the company from $75.00 to $80.00 in a report on Wednesday, November 12th. Seven investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $82.40.

Floor & Decor Profile

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.