Caxton Associates LLP Buys New Stake 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 bought a new stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,673 shares of the company's stock, valued at approximately $376,000.

Several other large investors have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its holdings in Floor & Decor by 42.0% in 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. Commerce Bank increased its holdings in Floor & Decor by 3.7% in the first quarter. Commerce Bank now owns 4,712 shares of the company's stock valued at $379,000 after buying an additional 168 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in Floor & Decor by 2.4% in the first quarter. Crossmark Global Holdings Inc. now owns 7,428 shares of the company's stock valued at $598,000 after buying an additional 171 shares during the last quarter. Xponance Inc. increased its holdings in Floor & Decor by 1.2% in the first quarter. Xponance Inc. now owns 16,018 shares of the company's stock valued at $1,289,000 after buying an additional 190 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in Floor & Decor by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the company's stock valued at $2,414,000 after buying an additional 200 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Piper Sandler dropped their target price on Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a report on Friday, August 1st. Guggenheim dropped their price objective on Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Morgan Stanley dropped their price objective on Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Evercore ISI dropped their price objective on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a report on Tuesday, June 24th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $92.00 price objective on shares of Floor & Decor in a report on Tuesday, August 12th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $88.56.

Floor & Decor Price Performance

Shares of FND opened at $88.86 on Friday. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $124.68. The company has a market capitalization of $9.57 billion, a price-to-earnings ratio of 45.57, a price-to-earnings-growth ratio of 3.88 and a beta of 1.68. The firm has a 50-day simple moving average of $81.99 and a 200-day simple moving average of $79.31. 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 (NYSE:FND - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, topping 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 business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The business'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. On average, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

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.

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