Floor & Decor Holdings, Inc. $FND Shares Acquired by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership increased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 10.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 935,383 shares of the company’s stock after acquiring an additional 86,916 shares during the period. Artisan Partners Limited Partnership owned approximately 0.87% of Floor & Decor worth $68,938,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FND. State of Wyoming purchased a new position in Floor & Decor during the second quarter worth approximately $46,000. Steph & Co. acquired a new position in shares of Floor & Decor during the 3rd quarter worth approximately $48,000. Mather Group LLC. acquired a new position in shares of Floor & Decor during the 3rd quarter worth approximately $49,000. Bank of Jackson Hole Trust lifted its position in shares of Floor & Decor by 37.7% during the 3rd quarter. Bank of Jackson Hole Trust now owns 679 shares of the company’s stock valued at $50,000 after buying an additional 186 shares in the last quarter. Finally, AlphaQuest LLC grew its stake in Floor & Decor by 27.2% in the 3rd quarter. AlphaQuest LLC now owns 805 shares of the company’s stock valued at $59,000 after acquiring an additional 172 shares during the period.

Floor & Decor Stock Down 1.6%

Shares of NYSE FND opened at $69.04 on Friday. The stock has a market cap of $7.45 billion, a PE ratio of 35.96, a P/E/G ratio of 2.38 and a beta of 1.74. 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 Holdings, Inc. has a 12-month low of $55.11 and a 12-month high of $98.24. The company has a 50-day moving average of $68.67 and a 200 day moving average of $70.89.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, February 19th. The company reported $0.36 earnings per share 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 return on equity of 8.99% and a net margin of 4.45%.The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 EPS. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. As a group, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley reduced their price objective on shares of Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. The Goldman Sachs Group restated a “neutral” rating and set a $64.00 price target on shares of Floor & Decor in a research report on Friday, February 20th. Barclays raised their price target on shares of Floor & Decor from $70.00 to $77.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Evercore cut 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. Finally, JPMorgan Chase & Co. reduced their target price on Floor & Decor from $85.00 to $78.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Six analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $78.24.

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.