Deutsche Bank AG Boosts Stock Position in Floor & Decor Holdings, Inc. $FND

Key Points

• Deutsche Bank AG significantly increased its stake in Floor & Decor Holdings by 94.3%, acquiring a total of 27,376 shares valued at approximately $2.2 million.
• Institutional investors have shown interest in Floor & Decor, with several firms, including First Horizon Advisors Inc. and J.Safra Asset Management Corp., increasing their holdings during the 1st quarter of the year.
• Analyst ratings for Floor & Decor indicate a mixed outlook, with a consensus rating of "Hold" and a target price of $88.56, while some firms have issued sell ratings based on recent performance assessments.

Deutsche Bank AG grew its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 94.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,376 shares of the company's stock after purchasing an additional 13,290 shares during the period. Deutsche Bank AG's holdings in Floor & Decor were worth $2,203,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its position in Floor & Decor by 42.6% during the 1st quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock worth $69,000 after purchasing an additional 255 shares during the period. Signaturefd LLC increased its position in Floor & Decor by 18.5% during the 1st quarter. Signaturefd LLC now owns 1,751 shares of the company's stock worth $141,000 after purchasing an additional 273 shares during the period. Forum Financial Management LP acquired a new position in Floor & Decor during the 4th quarter worth approximately $202,000. CWM LLC increased its position in Floor & Decor by 67.6% during the 1st quarter. CWM LLC now owns 2,105 shares of the company's stock worth $169,000 after purchasing an additional 849 shares during the period. Finally, J.Safra Asset Management Corp increased its position in Floor & Decor by 71.9% during the 1st quarter. J.Safra Asset Management Corp now owns 2,144 shares of the company's stock worth $173,000 after purchasing an additional 897 shares during the period.

Analyst Ratings Changes

Several research firms have issued reports on FND. Wall Street Zen cut Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Telsey Advisory Group restated an "outperform" rating and issued a $92.00 price target on shares of Floor & Decor in a report on Tuesday, August 12th. The Goldman Sachs Group dropped their price objective on Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a research note on Friday, May 2nd. Piper Sandler dropped 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. Finally, Evercore ISI dropped 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. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $88.56.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $82.0750 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25. The business's fifty day moving average price is $79.49 and its two-hundred day moving average price is $80.95. The stock has a market cap of $8.84 billion, a PE ratio of 42.09, a price-to-earnings-growth ratio of 3.64 and a beta of 1.68. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $124.68.

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