Caxton Associates LLP Makes New $376,000 Investment in Floor & Decor Holdings, Inc. $FND

Key Points

• Caxton Associates LLP acquired a new stake in Floor & Decor Holdings, Inc. by purchasing 4,673 shares valued at approximately $376,000 during the first quarter.
• Several large investors, including Northwestern Mutual Wealth Management Co. and Xponance Inc., increased their holdings in Floor & Decor, indicating growing institutional interest in the company.
• Equities analysts have lowered target prices for Floor & Decor, with Piper Sandler setting a new target of$78.00, while the stock currently holds a consensus rating of "Hold" and a target price of $88.56.

Caxton Associates LLP purchased a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,673 shares of the company's stock, valued at approximately $376,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in Floor & Decor by 42.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock valued at $41,000 after buying an additional 152 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Floor & Decor in the 1st quarter valued at approximately $47,000. First Horizon Advisors Inc. lifted its stake in shares of Floor & Decor by 42.6% in the 1st quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock valued at $69,000 after purchasing an additional 255 shares during the last quarter. Quarry LP lifted its stake in shares of Floor & Decor by 283.0% in the 1st quarter. Quarry LP now owns 1,421 shares of the company's stock valued at $114,000 after purchasing an additional 1,050 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Floor & Decor by 24.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,539 shares of the company's stock valued at $124,000 after purchasing an additional 298 shares during the last quarter.

Analyst Upgrades and Downgrades

FND has been the subject of several analyst reports. Evercore ISI lowered their price objective on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a research note on Tuesday, June 24th. 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 note on Friday, August 1st. Wolfe Research initiated coverage on Floor & Decor in a research note on Thursday. They issued an "underperform" rating and a $76.00 price objective for the company. 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. Finally, Guggenheim lowered their price objective on Floor & Decor from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $87.82.

Floor & Decor Trading Down 0.2%

Shares of FND stock traded down $0.14 on Thursday, reaching $87.04. 2,061,427 shares of the company's stock were exchanged, compared to its average volume of 2,072,252. Floor & Decor Holdings, Inc. has a 52 week low of $66.01 and a 52 week 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 stock has a market capitalization of $9.37 billion, a PE ratio of 44.64, a P/E/G ratio of 3.74 and a beta of 1.68. The company's fifty day simple moving average is $82.44 and its 200 day simple moving average is $79.08.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company earned $0.52 EPS. Floor & Decor's quarterly 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 forecast that Floor & Decor Holdings, Inc. will post 2 EPS 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.