Azzad Asset Management Inc. ADV Reduces Position in Floor & Decor Holdings, Inc. $FND

Azzad Asset Management Inc. ADV cut its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 76.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,948 shares of the company’s stock after selling 19,313 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Floor & Decor were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in shares of Floor & Decor in the 3rd quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Floor & Decor by 207.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock valued at $27,000 after purchasing an additional 247 shares during the last quarter. State of Wyoming purchased a new stake in shares of Floor & Decor in the 2nd quarter valued at approximately $46,000. Steph & Co. purchased a new stake in shares of Floor & Decor in the 3rd quarter valued at approximately $48,000. Finally, Mather Group LLC. purchased a new stake in shares of Floor & Decor in the 3rd quarter valued at approximately $49,000.

Wall Street Analysts Forecast Growth

FND has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Floor & Decor from $85.00 to $78.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. UBS Group dropped their price objective on shares of Floor & Decor from $74.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Barclays upped their target price on shares of Floor & Decor from $70.00 to $77.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. The Goldman Sachs Group restated a “neutral” rating and issued a $64.00 target price on shares of Floor & Decor in a report on Friday, February 20th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Floor & Decor in a report on Wednesday, January 28th. Six research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $77.35.

Floor & Decor Trading Up 7.4%

Shares of Floor & Decor stock opened at $51.15 on Thursday. The company has a fifty day simple moving average of $60.88 and a 200-day simple moving average of $64.96. Floor & Decor Holdings, Inc. has a 12-month low of $46.47 and a 12-month high of $92.40. The company has a current ratio of 1.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 1.61 and a beta of 1.82.

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

Floor & Decor Company 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.