Campbell & CO Investment Adviser LLC Makes New Investment in Floor & Decor Holdings, Inc. $FND

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,122 shares of the company’s stock, valued at approximately $746,000.

A number of other large investors have also recently modified their holdings of the company. State Street Corp increased its holdings in Floor & Decor by 1.1% during the 2nd quarter. State Street Corp now owns 3,811,571 shares of the company’s stock worth $289,527,000 after purchasing an additional 42,636 shares during the period. Wasatch Advisors LP grew its position in shares of Floor & Decor by 19.2% during the 2nd quarter. Wasatch Advisors LP now owns 2,717,183 shares of the company’s stock worth $206,397,000 after buying an additional 437,396 shares in the last quarter. Timucuan Asset Management Inc. FL increased its stake in shares of Floor & Decor by 9.0% during the second quarter. Timucuan Asset Management Inc. FL now owns 2,580,609 shares of the company’s stock valued at $196,023,000 after buying an additional 214,151 shares during the period. Geode Capital Management LLC increased its stake in shares of Floor & Decor by 0.6% during the second quarter. Geode Capital Management LLC now owns 1,893,763 shares of the company’s stock valued at $143,874,000 after buying an additional 10,547 shares during the period. Finally, Durable Capital Partners LP bought a new stake in shares of Floor & Decor in the second quarter valued at about $106,221,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently 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 for the company in a research note on Friday, October 31st. The Goldman Sachs Group upgraded Floor & Decor from a “sell” rating to a “neutral” rating and cut their price target for the company from $80.00 to $71.00 in a report on Thursday, November 13th. Evercore ISI decreased their price objective on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating for the company in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Floor & Decor in a research report on Friday, October 31st. Finally, Zacks Research upgraded shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Seven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Floor & Decor currently has an average rating of “Hold” and an average price target of $82.55.

Floor & Decor Trading Down 4.8%

Floor & Decor stock opened at $72.43 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27. The stock has a market cap of $7.80 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 2.97 and a beta of 1.73. The stock has a 50-day moving average of $64.37 and a two-hundred day moving average of $72.85. Floor & Decor Holdings, Inc. has a one year low of $55.11 and a one year high of $108.76.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.The business 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 firm earned $0.48 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. On average, research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Insider Transactions at Floor & Decor

In related news, President Bradley Paulsen purchased 5,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average price of $60.27 per share, for a total transaction of $301,350.00. Following the purchase, the president owned 30,000 shares of the company’s stock, valued at $1,808,100. This trade represents a 20.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company’s stock.

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.