Advantage Alpha Capital Partners LP Acquires 9,807 Shares of Floor & Decor Holdings, Inc. $FND

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 position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 33.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,780 shares of the company's stock after purchasing 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 quarter.

Several other hedge funds have also added to or reduced their stakes in FND. Commerce Bank grew its stake in Floor & Decor by 3.7% in the 1st quarter. Commerce Bank now owns 4,712 shares of the company's stock worth $379,000 after buying an additional 168 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Floor & Decor by 2.4% in the 1st quarter. Crossmark Global Holdings Inc. now owns 7,428 shares of the company's stock valued at $598,000 after purchasing an additional 171 shares in the last quarter. Xponance Inc. boosted its stake in shares of Floor & Decor by 1.2% in the 1st quarter. Xponance Inc. now owns 16,018 shares of the company's stock valued at $1,289,000 after purchasing an additional 190 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Floor & Decor by 0.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the company's stock valued at $2,414,000 after buying an additional 200 shares during the last quarter. Finally, MainStreet Investment Advisors LLC raised its holdings in Floor & Decor by 6.9% during the 1st quarter. MainStreet Investment Advisors LLC now owns 3,407 shares of the company's stock valued at $274,000 after buying an additional 220 shares during the last quarter.

Floor & Decor Trading Down 1.3%

FND stock opened at $80.8790 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $124.68. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 41.48, a price-to-earnings-growth ratio of 3.52 and a beta of 1.68. The firm's fifty day simple moving average is $79.57 and its two-hundred day simple moving average is $80.84.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on FND shares. Evercore ISI decreased their price objective on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a report on Tuesday, June 24th. Morgan Stanley reduced their price objective on shares of Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. The Goldman Sachs Group reduced their price objective on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a research note on Friday, May 2nd. Loop Capital dropped their price target on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a report on Tuesday, May 6th. Finally, Piper Sandler dropped their price target on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a report on Friday, August 1st. Five 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 stock. According to data from MarketBeat.com, Floor & Decor has a consensus rating of "Hold" and a consensus price target of $88.56.

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.

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