Floor & Decor Holdings, Inc. $FND Shares Acquired by Black Cypress Capital Management LLC

Key Points

• Black Cypress Capital Management LLC increased its stake in Floor & Decor Holdings, Inc. by 41.8% in Q1, now owning 34,983 shares valued at approximately $2,815,000.
• Several institutional investors, including CWM LLC and First Horizon Advisors Inc., have also increased their positions in Floor & Decor, indicating growing interest in the stock.
• Floor & Decor reported earnings of $0.58 EPS for the last quarter, slightly beating analysts’ expectations of $0.57, with revenues totaling $1.21 billion.

Black Cypress Capital Management LLC boosted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 41.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,983 shares of the company's stock after buying an additional 10,306 shares during the quarter. Floor & Decor makes up approximately 2.6% of Black Cypress Capital Management LLC's investment portfolio, making the stock its 11th biggest holding. Black Cypress Capital Management LLC's holdings in Floor & Decor were worth $2,815,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted 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 valued at $22,255,000 after acquiring an additional 13,983 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake 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 worth $255,000 after purchasing an additional 701 shares during the last quarter. Worldly Partners Management LLC boosted its position in Floor & Decor by 5.5% during the first quarter. Worldly Partners Management LLC now owns 1,094,880 shares of the company's stock valued at $88,105,000 after purchasing an additional 57,500 shares in the last quarter. Davidson Kahn Capital Management LLC grew its stake in Floor & Decor by 24.0% in the first quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company's stock valued at $2,446,000 after purchasing an additional 5,887 shares during the last quarter. Finally, Bridges Investment Management Inc. grew its stake in Floor & Decor by 32.5% in the first quarter. Bridges Investment Management Inc. now owns 320,614 shares of the company's stock valued at $25,800,000 after purchasing an additional 78,626 shares during the last quarter.

Floor & Decor Stock Performance

Shares of NYSE FND traded down $2.7850 during midday trading on Wednesday, reaching $82.0750. 3,485,654 shares of the stock were exchanged, compared to its average volume of 2,026,076. 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 firm has a market cap of $8.84 billion, a price-to-earnings ratio of 42.09, a PEG ratio of 3.64 and a beta of 1.68. The firm has a 50-day simple moving average of $79.49 and a two-hundred day simple moving average of $80.95. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve 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 earnings per share (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 firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the previous year, the business posted $0.52 EPS. The business's revenue was up 7.2% compared to the same quarter last year. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. As a group, analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on FND. Barclays decreased their price target on shares of Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Robert W. Baird decreased their target price on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Wall Street Zen lowered shares of Floor & Decor from a "hold" rating to a "sell" rating in a report on Friday, June 27th. The Goldman Sachs Group reduced their price target on Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a research report on Friday, May 2nd. Finally, Piper Sandler lowered their price objective on Floor & Decor from $80.00 to $78.00 and set a "neutral" rating for the company in a research report 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 stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $88.56.

Floor & Decor Company 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.