Citigroup Inc. Boosts Stock Position in Floor & Decor Holdings, Inc. $FND

Citigroup Inc. increased its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 36.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,427 shares of the company’s stock after buying an additional 15,808 shares during the quarter. Citigroup Inc. owned about 0.06% of Floor & Decor worth $4,380,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Floor & Decor by 9.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company’s stock worth $27,346,000 after acquiring an additional 30,195 shares during the period. Envestnet Asset Management Inc. raised its stake in Floor & Decor by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 281,000 shares of the company’s stock worth $21,345,000 after purchasing an additional 4,441 shares during the period. Hantz Financial Services Inc. raised its stake in Floor & Decor by 34.4% during the second quarter. Hantz Financial Services Inc. now owns 1,245 shares of the company’s stock worth $95,000 after purchasing an additional 319 shares during the period. Keybank National Association OH acquired a new position in Floor & Decor in the 2nd quarter valued at about $229,000. Finally, Atria Investments Inc grew its stake in shares of Floor & Decor by 28.5% in the 2nd quarter. Atria Investments Inc now owns 9,553 shares of the company’s stock valued at $726,000 after buying an additional 2,121 shares during the period.

Floor & Decor Price Performance

FND opened at $64.12 on Thursday. The stock’s 50-day moving average price is $68.83 and its 200 day moving average price is $70.42. Floor & Decor Holdings, Inc. has a 12-month low of $55.11 and a 12-month high of $95.83. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 2.26 and a beta of 1.72. The company has a current ratio of 1.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 8.99%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. As a group, sell-side analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on FND. Stifel Nicolaus decreased their price objective on Floor & Decor from $92.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, December 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $80.00 price target on shares of Floor & Decor in a research note on Friday, February 20th. Zacks Research upgraded Floor & Decor from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. UBS Group reduced their price objective on shares of Floor & Decor from $74.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $64.00 target price on shares of Floor & Decor in a research report on Friday, February 20th. Six analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $78.24.

About Floor & Decor

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.