AlphaQuest LLC Makes New $252,000 Investment in Floor & Decor Holdings, Inc. $FND

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 first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,128 shares of the company's stock, valued at approximately $252,000.

A number of other large investors have also bought and sold shares of FND. Zions Bancorporation National Association UT bought a new stake in shares of Floor & Decor in the 1st quarter worth approximately $47,000. First Horizon Advisors Inc. grew its position 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 worth $69,000 after buying an additional 255 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position 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 worth $124,000 after buying an additional 298 shares during the last quarter. Signaturefd LLC grew its position in shares of Floor & Decor by 18.5% in the 1st quarter. Signaturefd LLC now owns 1,751 shares of the company's stock worth $141,000 after buying an additional 273 shares during the last quarter. Finally, CWM LLC grew its position in shares of Floor & Decor by 67.6% in the 1st quarter. CWM LLC now owns 2,105 shares of the company's stock worth $169,000 after buying an additional 849 shares during the last quarter.

Floor & Decor Stock Down 0.7%

FND stock traded down $0.58 during midday trading on Wednesday, hitting $78.47. The stock had a trading volume of 1,035,061 shares, compared to its average volume of 2,085,279. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 40.24, a price-to-earnings-growth ratio of 3.51 and a beta of 1.68. The business has a 50-day moving average of $80.88 and a two-hundred day moving average of $79.79. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $124.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.28.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $1.21 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. As a group, equities research analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FND. Telsey Advisory Group reiterated an "outperform" rating and issued a $92.00 price objective on shares of Floor & Decor in a research report on Tuesday, August 12th. Piper Sandler cut their price objective on Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a research report on Friday, August 1st. Evercore ISI cut their price objective on 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. Guggenheim cut 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. Finally, Loop Capital cut their price objective on Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a research report on Tuesday, May 6th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $88.56.

Floor & Decor Company 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.