Fenimore Asset Management Inc Acquires 33,130 Shares of Floor & Decor Holdings, Inc. $FND

Key Points

• Fenimore Asset Management Inc has increased its stake in Floor & Decor Holdings by 23.7%, acquiring 33,130 additional shares to own a total of 172,689 shares worth approximately $13.1 million.
• Analysts have mixed ratings on the stock, with five giving it a Buy rating, while ten have it rated as Hold and two as Sell, leading to a consensus price target of $88.63.
• In its recent earnings report, Floor & Decor posted a profit of $0.58 per share, slightly surpassing expectations, with revenue of $1.21 billion reflecting a year-over-year growth of 7.2%.

Fenimore Asset Management Inc increased its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 23.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,689 shares of the company's stock after buying an additional 33,130 shares during the period. Fenimore Asset Management Inc owned 0.16% of Floor & Decor worth $13,117,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Floor & Decor by 42.0% during the first 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 bought a new position in Floor & Decor in the 1st quarter worth approximately $47,000. eCIO Inc. acquired a new position in Floor & Decor during the 1st quarter worth $62,000. First Horizon Advisors Inc. boosted its position in 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 buying an additional 255 shares during the last quarter. Finally, WD Rutherford LLC acquired a new stake in shares of Floor & Decor in the 2nd quarter valued at $73,000.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FND. Wolfe Research began coverage on Floor & Decor in a research note on Thursday, September 18th. They set an "underperform" rating and a $76.00 price target on the stock. Telsey Advisory Group restated an "outperform" rating and set a $92.00 target price on shares of Floor & Decor in a research report on Tuesday, August 12th. Piper Sandler lowered their price target on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating for the company in a research report on Friday, August 1st. Guggenheim dropped their price target on shares of Floor & Decor from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, Morgan Stanley cut their price objective on shares of Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Floor & Decor has a consensus rating of "Hold" and a consensus price target of $88.63.

Floor & Decor Stock Up 0.0%

Shares of NYSE:FND opened at $73.69 on Monday. The company has a 50 day moving average price of $81.84 and a two-hundred day moving average price of $78.18. 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 company has a market capitalization of $7.94 billion, a PE ratio of 37.79, a PEG ratio of 3.16 and a beta of 1.70. Floor & Decor Holdings, Inc. has a 52 week low of $66.01 and a 52 week high of $122.90.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the business earned $0.52 EPS. The firm's revenue was up 7.2% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

About Floor & Decor

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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