Bennett Selby Investments LP Raises Stock Holdings in Floor & Decor Holdings, Inc. $FND

Key Points

• Bennett Selby Investments LP increased its stake in Floor & Decor Holdings, Inc. by 3.1%, now owning 121,331 shares worth approximately $9.2 million.
• Floor & Decor experienced a 7.2% year-over-year revenue growth for the last quarter, reporting earnings of $1.21 billion and an EPS of $0.58, surpassing analysts' expectations.
• Analyst ratings for Floor & Decor are mixed, with five "Buy", nine "Hold", and two "Sell" ratings, and an average price target of $88.63.

Bennett Selby Investments LP increased its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 3.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,331 shares of the company's stock after purchasing an additional 3,663 shares during the period. Floor & Decor makes up 3.3% of Bennett Selby Investments LP's holdings, making the stock its 9th biggest holding. Bennett Selby Investments LP owned 0.11% of Floor & Decor worth $9,216,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Floor & Decor by 42.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock worth $41,000 after purchasing an additional 152 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Floor & Decor in the first quarter valued at about $47,000. eCIO Inc. acquired a new stake in Floor & Decor in the first quarter valued at about $62,000. First Horizon Advisors Inc. boosted its stake in Floor & Decor by 42.6% in the first quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock valued at $69,000 after buying an additional 255 shares in the last quarter. Finally, WD Rutherford LLC acquired a new stake in Floor & Decor in the second quarter valued at about $73,000.

Floor & Decor Stock Performance

Shares of FND stock opened at $75.23 on Tuesday. The business's 50-day moving average price is $82.37 and its 200-day moving average price is $78.48. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $124.68. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 38.58, a PEG ratio of 3.28 and a beta of 1.68. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FND shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $92.00 price objective on shares of Floor & Decor in a research note on Tuesday, August 12th. Morgan Stanley reduced their price objective 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. Guggenheim reduced their price objective on Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Wall Street Zen lowered Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Finally, Wolfe Research started coverage on Floor & Decor in a research note on Thursday, September 18th. They issued an "underperform" rating and a $76.00 price objective on the stock. Five research 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, Floor & Decor currently has an average rating of "Hold" and an average price target of $88.63.

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.

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