Dynamic Technology Lab Private Ltd Invests $1.88 Million in Floor & Decor Holdings, Inc. $FND

Key Points

• Dynamic Technology Lab Private Ltd has acquired 23,337 shares of Floor & Decor Holdings, valued at approximately $1.88 million, marking a new position in the company.
• Floor & Decor reported a quarterly earnings per share (EPS) of $0.58, slightly exceeding analysts' estimates of $0.57, with revenue of $1.21 billion for the quarter.
• Analysts have mixed ratings on the stock with five ratings as "Buy," nine as "Hold," and two as "Sell," and an average price target set at $88.56.

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 23,337 shares of the company's stock, valued at approximately $1,878,000.

Several other hedge funds also recently bought and sold shares of FND. Northwestern Mutual Wealth Management Co. lifted its stake in Floor & Decor by 42.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock worth $41,000 after purchasing an additional 152 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Floor & Decor during the first quarter worth approximately $47,000. First Horizon Advisors Inc. raised 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 valued at $69,000 after purchasing an additional 255 shares in the last quarter. Quarry LP lifted its stake in Floor & Decor by 283.0% in the first quarter. Quarry LP now owns 1,421 shares of the company's stock worth $114,000 after acquiring an additional 1,050 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position 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 worth $124,000 after purchasing an additional 298 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Piper Sandler lowered their target price on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating for the company in a research note on Friday, August 1st. Telsey Advisory Group reissued an "outperform" rating and issued a $92.00 price objective on shares of Floor & Decor in a research report on Tuesday, August 12th. Wall Street Zen lowered Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Evercore ISI decreased their price target 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. Finally, Morgan Stanley dropped their price target on Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Floor & Decor presently has an average rating of "Hold" and a consensus target price of $88.56.

Floor & Decor Price Performance

Shares of NYSE FND traded down $1.74 during trading on Wednesday, hitting $85.07. The company had a trading volume of 1,274,314 shares, compared to its average volume of 2,272,678. The stock has a fifty day simple moving average of $81.64 and a two-hundred day simple moving average of $79.40. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $124.68. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 45.69, a price-to-earnings-growth ratio of 3.72 and a beta of 1.68. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.58 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.21 billion. During the same period in the prior year, the company earned $0.52 EPS. The firm'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. On average, research 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.