Blair William & Co. IL Boosts Holdings in Floor & Decor Holdings, Inc. $FND

Blair William & Co. IL grew its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 32.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,239 shares of the company's stock after buying an additional 25,344 shares during the period. Blair William & Co. IL owned 0.10% of Floor & Decor worth $7,918,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its position in Floor & Decor by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,300 shares of the company's stock valued at $2,302,000 after buying an additional 300 shares during the period. Venturi Wealth Management LLC boosted its position in Floor & Decor by 5.4% in the 2nd quarter. Venturi Wealth Management LLC now owns 3,428 shares of the company's stock valued at $260,000 after buying an additional 175 shares during the period. Roundview Capital LLC boosted its position in Floor & Decor by 2.9% in the 2nd quarter. Roundview Capital LLC now owns 12,075 shares of the company's stock valued at $917,000 after buying an additional 342 shares during the period. KLP Kapitalforvaltning AS raised its holdings in shares of Floor & Decor by 9.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 22,600 shares of the company's stock valued at $1,717,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Fenimore Asset Management Inc raised its holdings in shares of Floor & Decor by 23.7% in the 2nd quarter. Fenimore Asset Management Inc now owns 172,689 shares of the company's stock valued at $13,117,000 after purchasing an additional 33,130 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of Floor & Decor in a report on Thursday, September 18th. They issued an "underperform" rating and a $76.00 price objective on the stock. Evercore ISI reduced their price objective 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, October 7th. Piper Sandler reduced their price objective on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a report on Friday, August 1st. Citigroup reduced their price objective on shares of Floor & Decor from $81.00 to $75.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Wall Street Zen lowered shares of Floor & Decor from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Floor & Decor currently has a consensus rating of "Hold" and an average target price of $87.53.

Floor & Decor Trading Down 3.4%

NYSE FND opened at $66.77 on Friday. The firm has a market cap of $7.19 billion, a PE ratio of 34.24, a P/E/G ratio of 2.87 and a beta of 1.70. The firm's fifty day moving average is $80.95 and its two-hundred day moving average is $77.73. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $122.90.

Floor & Decor (NYSE:FND - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 net margin of 4.59% and a return on equity of 9.36%. The business's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

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.

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