Banco Bilbao Vizcaya Argentaria S.A. Takes Position in Floor & Decor Holdings, Inc. $FND

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. acquired 3,147 shares of Floor & Decor Holdings, Inc. valued at approximately $253,000 during the first quarter.
• Several large investors have increased their stakes in Floor & Decor, with Principal Financial Group Inc. boosting its ownership by 106.4%, now holding over 3 million shares valued at $243 million.
• Floor & Decor reported an EPS of $0.58 for the last quarter, exceeding analysts' expectations, and projected FY 2025 guidance of 1.750-2.000 EPS.

Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,147 shares of the company's stock, valued at approximately $253,000.

Several other institutional investors also recently added to or reduced their stakes in FND. Renaissance Technologies LLC acquired a new position in Floor & Decor during the fourth quarter worth approximately $1,236,000. First Trust Advisors LP increased its position in Floor & Decor by 895.4% during the fourth quarter. First Trust Advisors LP now owns 53,127 shares of the company's stock worth $5,297,000 after buying an additional 47,790 shares during the period. Dimensional Fund Advisors LP increased its position in Floor & Decor by 5.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 873,014 shares of the company's stock worth $87,043,000 after buying an additional 43,681 shares during the period. Hsbc Holdings PLC increased its position in Floor & Decor by 89.5% during the fourth quarter. Hsbc Holdings PLC now owns 5,796 shares of the company's stock worth $578,000 after buying an additional 2,738 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Floor & Decor during the fourth quarter worth approximately $9,234,000.

Floor & Decor Price Performance

Shares of Floor & Decor stock traded down $2.21 during trading on Friday, reaching $81.44. The company's stock had a trading volume of 732,156 shares, compared to its average volume of 2,083,023. The business has a 50 day moving average price of $80.59 and a 200-day moving average price of $80.24. 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 company has a market capitalization of $8.77 billion, a P/E ratio of 41.75, a price-to-earnings-growth ratio of 3.54 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.

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

Analysts Set New Price Targets

Several brokerages have weighed in on FND. Morgan Stanley lowered their target price on Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Stifel Nicolaus lowered their target price on Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Evercore ISI lowered their target price on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a research note on Tuesday, June 24th. Barclays lowered their target price on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Finally, Loop Capital decreased their price target on Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a research note on Tuesday, May 6th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.