Floor & Decor Holdings, Inc. $FND Shares Sold by American Century Companies Inc.

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. reduced its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 45.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,412 shares of the company's stock after selling 61,293 shares during the quarter. American Century Companies Inc. owned about 0.07% of Floor & Decor worth $5,907,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Loop Capital lowered their price objective 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. Piper Sandler lowered their price objective on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating for the company in a research note on Friday, August 1st. Guggenheim lowered their price objective on shares of Floor & Decor from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, Morgan Stanley lowered 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. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Floor & Decor has a consensus rating of "Hold" and an average price target of $88.56.

Floor & Decor Stock Performance

NYSE:FND traded down $0.60 during mid-day trading on Wednesday, hitting $78.44. The company's stock had a trading volume of 1,835,425 shares, compared to its average volume of 2,056,001. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year 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. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 40.23, a PEG ratio of 3.51 and a beta of 1.68. The business's fifty day moving average is $80.93 and its two-hundred day moving average is $79.78.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the company earned $0.52 earnings per share. The firm'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. Analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal 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.