American Century Companies Inc. Has $5.91 Million Stake in Floor & Decor Holdings, Inc. $FND

Key Points

• American Century Companies Inc. has reduced its stake in Floor & Decor Holdings by 45.5%, now owning approximately 0.07% of the company, valued at $5,907,000.
• Multiple institutional investors have adjusted their holdings in Floor & Decor, with Black Cypress Capital Management increasing its stake by 41.8% during the same quarter.
• Analysts have varied opinions on Floor & Decor's stock, with target prices adjusted downwards by firms such as Evercore and Barclays, indicating a cautious outlook for the company.

American Century Companies Inc. trimmed its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 45.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 73,412 shares of the company's stock after selling 61,293 shares during the period. American Century Companies Inc. owned 0.07% of Floor & Decor worth $5,907,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in Floor & Decor by 5.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company's stock worth $22,255,000 after purchasing an additional 13,983 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Floor & Decor by 28.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company's stock valued at $255,000 after acquiring an additional 701 shares in the last quarter. Worldly Partners Management LLC grew its holdings in shares of Floor & Decor by 5.5% during the 1st quarter. Worldly Partners Management LLC now owns 1,094,880 shares of the company's stock valued at $88,105,000 after acquiring an additional 57,500 shares in the last quarter. Davidson Kahn Capital Management LLC grew its holdings in shares of Floor & Decor by 24.0% during the 1st quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company's stock valued at $2,446,000 after acquiring an additional 5,887 shares in the last quarter. Finally, Bridges Investment Management Inc. grew its holdings in shares of Floor & Decor by 32.5% during the 1st quarter. Bridges Investment Management Inc. now owns 320,614 shares of the company's stock valued at $25,800,000 after acquiring an additional 78,626 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wall Street Zen cut shares of Floor & Decor from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Evercore ISI lowered their price target on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a report on Tuesday, June 24th. Piper Sandler lowered 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. Morgan Stanley lowered their price target on shares of Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Finally, Telsey Advisory Group restated an "outperform" rating and set a $92.00 price target on shares of Floor & Decor in a report on Tuesday, August 12th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $88.56.

Floor & Decor Stock Down 2.1%

Shares of FND stock traded down $1.80 on Monday, hitting $81.85. The company's stock had a trading volume of 1,563,620 shares, compared to its average volume of 2,162,877. 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 Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $124.68. The firm's fifty day moving average price is $80.71 and its 200-day moving average price is $79.90. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 41.98, a P/E/G ratio of 3.51 and a beta of 1.68.

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