Banco Bilbao Vizcaya Argentaria S.A. Makes New Investment 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. bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,147 shares of the company's stock, valued at approximately $253,000.

A number of other hedge funds have also modified their holdings of FND. Renaissance Technologies LLC bought a new stake in shares of Floor & Decor during the 4th quarter valued at $1,236,000. First Trust Advisors LP raised its holdings in Floor & Decor by 895.4% during the fourth quarter. First Trust Advisors LP now owns 53,127 shares of the company's stock valued at $5,297,000 after acquiring an additional 47,790 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Floor & Decor by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 873,014 shares of the company's stock valued at $87,043,000 after acquiring an additional 43,681 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Floor & Decor by 89.5% in the fourth quarter. Hsbc Holdings PLC now owns 5,796 shares of the company's stock worth $578,000 after acquiring an additional 2,738 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Floor & Decor during the fourth quarter worth about $9,234,000.

Analyst Upgrades and Downgrades

FND has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their price target on Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a report on Friday, May 2nd. Evercore ISI lowered their target price 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. Loop Capital cut their target price 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. Wells Fargo & Company decreased their price target on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Finally, Wall Street Zen downgraded shares of Floor & Decor from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $88.56.

Floor & Decor Trading Down 2.1%

Shares of NYSE:FND traded down $1.80 during trading on Friday, reaching $81.85. The company's stock had a trading volume of 1,563,620 shares, compared to its average volume of 2,266,526. The stock has a market capitalization of $8.81 billion, a PE ratio of 41.98, a price-to-earnings-growth ratio of 3.51 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 current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. The firm's 50 day simple moving average is $80.71 and its two-hundred day simple moving average is $80.03.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The business 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%.The company's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, research analysts predict 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.