3,128 Shares in Floor & Decor Holdings, Inc. $FND Bought by AlphaQuest LLC

Key Points

• AlphaQuest LLC has acquired a new stake in Floor & Decor Holdings, purchasing 3,128 shares valued at approximately $252,000 during the first quarter.
• Floor & Decor's stock recently opened at $81.85, down 2.1%, with a market capitalization of $8.81 billion and trading between a 52-week low of $66.01 and a high of $124.68.
• The company reported a 7.2% year-over-year revenue increase, with $1.21 billion in revenue for the quarter, exceeding the consensus estimate.

AlphaQuest LLC purchased a new position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,128 shares of the company's stock, valued at approximately $252,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Floor & Decor by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company's stock worth $818,665,000 after purchasing an additional 380,976 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Floor & Decor by 32.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company's stock valued at $550,228,000 after purchasing an additional 1,686,085 shares during the period. Principal Financial Group Inc. increased its position in Floor & Decor by 106.4% in the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock worth $243,275,000 after buying an additional 1,558,409 shares in the last quarter. Fisher Funds Management LTD raised its stake in shares of Floor & Decor by 21.6% in the first quarter. Fisher Funds Management LTD now owns 1,568,794 shares of the company's stock worth $126,241,000 after buying an additional 279,087 shares during the period. Finally, Turtle Creek Asset Management Inc. lifted its position in shares of Floor & Decor by 14.7% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 1,371,683 shares of the company's stock valued at $136,757,000 after buying an additional 175,350 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FND. Telsey Advisory Group reissued an "outperform" rating and issued a $92.00 target price on shares of Floor & Decor in a report on Tuesday, August 12th. Evercore ISI decreased their price objective on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a research report on Tuesday, June 24th. Piper Sandler dropped their target price on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating for the company in a report on Friday, August 1st. Wall Street Zen lowered Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Finally, Guggenheim lowered their price objective on Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $88.56.

Floor & Decor Price Performance

NYSE FND traded up $4.21 on Thursday, reaching $82.71. The company had a trading volume of 2,543,993 shares, compared to its average volume of 2,126,602. The stock has a market capitalization of $8.91 billion, a PE ratio of 42.42, a price-to-earnings-growth ratio of 3.37 and a beta of 1.68. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month 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 firm's 50 day moving average price is $81.07 and its 200 day moving average price is $79.68.

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

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.