Floor & Decor Holdings, Inc. $FND Shares Bought by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP increased its holdings in Floor & Decor Holdings, Inc. by 33.8% during the first quarter, acquiring an additional 9,807 shares worth approximately $3.12 million.
• Floor & Decor's latest earnings report showed a $0.58 EPS, surpassing estimates, with a revenue of $1.21 billion reflecting a 7.2% year-over-year growth.
• Research analysts have mixed ratings for Floor & Decor, with a consensus price target of $88.56 and more analysts advocating for a "Hold" rating on the stock.

Advantage Alpha Capital Partners LP lifted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 33.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,780 shares of the company's stock after acquiring an additional 9,807 shares during the period. Advantage Alpha Capital Partners LP's holdings in Floor & Decor were worth $3,121,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FND. Renaissance Technologies LLC purchased a new stake in shares of Floor & Decor in the fourth quarter worth about $1,236,000. Jump Financial LLC bought a new stake in Floor & Decor during the 4th quarter valued at $432,000. Forum Financial Management LP acquired a new stake in shares of Floor & Decor in the 4th quarter worth $202,000. First Trust Advisors LP boosted its position in shares of Floor & Decor by 895.4% in the 4th quarter. First Trust Advisors LP now owns 53,127 shares of the company's stock worth $5,297,000 after purchasing an additional 47,790 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Floor & Decor by 5.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 873,014 shares of the company's stock worth $87,043,000 after acquiring an additional 43,681 shares during the last quarter.

Floor & Decor Stock Performance

Shares of FND traded up $0.02 during mid-day trading on Wednesday, hitting $82.68. 919,176 shares of the company's stock were exchanged, compared to its average volume of 2,083,753. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $124.68. The firm has a market capitalization of $8.90 billion, a P/E ratio of 42.40, a P/E/G ratio of 3.56 and a beta of 1.68. The business's 50 day moving average is $80.21 and its two-hundred day moving average is $80.33. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08.

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

Analyst Ratings Changes

FND has been the subject of a number of research analyst reports. Barclays reduced their target price on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Morgan Stanley dropped their target price on Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Piper Sandler reduced their price target on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a research report on Friday, August 1st. Robert W. Baird reduced their price target on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Finally, Loop Capital lowered their target price on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a research note on Tuesday, May 6th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $88.56.

About Floor & Decor

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.