Canada Pension Plan Investment Board Makes New $8.96 Million Investment in Floor & Decor Holdings, Inc. $FND

Key Points

• Canada Pension Plan Investment Board purchased 111,300 shares of Floor & Decor Holdings, Inc. for approximately $8,956,000, representing 0.10% ownership of the company as of the last quarter.
• Several institutional investors, including Northwestern Mutual Wealth Management Co. and First Horizon Advisors Inc., have significantly increased their stakes in Floor & Decor during the first quarter of 2023.
• The company reported $0.58 earnings per share for the last quarter, exceeding analysts' expectations, and provided FY 2025 guidance of 1.750-2.000 EPS.

Canada Pension Plan Investment Board acquired a new position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 111,300 shares of the company's stock, valued at approximately $8,956,000. Canada Pension Plan Investment Board owned about 0.10% of Floor & Decor at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in Floor & Decor by 42.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock worth $41,000 after purchasing an additional 152 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Floor & Decor in the 1st quarter valued at $47,000. First Horizon Advisors Inc. lifted its stake in shares of Floor & Decor by 42.6% in the 1st quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock valued at $69,000 after purchasing an additional 255 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Floor & Decor by 24.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,539 shares of the company's stock valued at $124,000 after purchasing an additional 298 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Floor & Decor by 18.5% in the 1st quarter. Signaturefd LLC now owns 1,751 shares of the company's stock valued at $141,000 after purchasing an additional 273 shares during the period.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FND. Guggenheim cut their price target on Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Evercore ISI cut their price target on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a research note on Tuesday, June 24th. Morgan Stanley cut their price target on Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Telsey Advisory Group reissued an "outperform" rating and issued a $92.00 price target on shares of Floor & Decor in a research note on Tuesday, August 12th. Finally, Wall Street Zen downgraded Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $88.56.

Floor & Decor Trading Up 5.7%

Floor & Decor stock traded up $4.72 during mid-day trading on Friday, hitting $87.47. 3,593,538 shares of the company's stock were exchanged, compared to its average volume of 2,177,441. The firm has a market capitalization of $9.42 billion, a P/E ratio of 44.85, a PEG ratio of 3.75 and a beta of 1.68. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $124.68. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08. The company's 50 day simple moving average is $81.31 and its 200-day simple moving average is $79.49.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.The firm's revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Floor & Decor Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.