Baillie Gifford & Co. Cuts Position in Floor & Decor Holdings, Inc. $FND

Baillie Gifford & Co. lessened its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,649,422 shares of the company’s stock after selling 34,527 shares during the quarter. Baillie Gifford & Co. owned 1.53% of Floor & Decor worth $121,562,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming purchased a new position in shares of Floor & Decor in the 2nd quarter worth about $46,000. Steph & Co. bought a new stake in Floor & Decor in the 3rd quarter worth approximately $48,000. Mather Group LLC. bought a new stake in Floor & Decor in the 3rd quarter worth approximately $49,000. TD Private Client Wealth LLC boosted its stake in Floor & Decor by 2,013.6% in the third quarter. TD Private Client Wealth LLC now owns 930 shares of the company’s stock worth $69,000 after buying an additional 886 shares in the last quarter. Finally, WD Rutherford LLC purchased a new stake in Floor & Decor in the second quarter worth approximately $73,000.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, President Bradley Paulsen acquired 5,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were purchased at an average cost of $60.27 per share, for a total transaction of $301,350.00. Following the transaction, the president owned 30,000 shares in the company, valued at $1,808,100. This represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

FND has been the topic of several research reports. Morgan Stanley decreased their price target on shares of Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. Telsey Advisory Group reiterated an “outperform” rating and issued a $80.00 target price on shares of Floor & Decor in a research report on Wednesday, December 17th. Citigroup lowered their price target on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Piper Sandler raised Floor & Decor from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $75.00 to $80.00 in a research note on Wednesday, November 12th. Finally, JPMorgan Chase & Co. decreased their price objective on Floor & Decor from $94.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Seven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $82.84.

Floor & Decor Price Performance

Shares of Floor & Decor stock opened at $75.23 on Friday. The company’s fifty day simple moving average is $65.20 and its two-hundred day simple moving average is $72.78. Floor & Decor Holdings, Inc. has a 12-month low of $55.11 and a 12-month high of $108.76. The firm has a market cap of $8.11 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 2.91 and a beta of 1.73. The company has a quick ratio of 0.34, a current ratio of 1.27 and a debt-to-equity ratio of 0.08.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.53 EPS for the quarter, beating 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 firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the firm posted $0.48 earnings per share. The company’s quarterly 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, equities analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

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.