Floor & Decor Holdings, Inc. $FND is Untitled Investments LP's 8th Largest Position

Key Points

• Untitled Investments LP increased its stake in Floor & Decor Holdings by 2.4% in Q1, making it the firm's 8th largest position with 248,755 shares valued at approximately $20 million.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, grew their holdings in Floor & Decor, with Price T Rowe increasing its position by 32.7% in the same quarter.
• The stock has seen a mix of analyst ratings, with an average rating of "Hold" and a price target decrease by various firms, reflecting an overall cautious sentiment in the market.

Untitled Investments LP raised its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,755 shares of the company's stock after buying an additional 5,940 shares during the quarter. Floor & Decor comprises about 5.7% of Untitled Investments LP's holdings, making the stock its 8th largest position. Untitled Investments LP owned 0.23% of Floor & Decor worth $20,017,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Floor & Decor by 3.9% during the first quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company's stock worth $818,665,000 after buying an additional 380,976 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Floor & Decor by 32.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company's stock worth $550,228,000 after buying an additional 1,686,085 shares in the last quarter. Principal Financial Group Inc. grew its position in Floor & Decor by 106.4% during the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock worth $243,275,000 after buying an additional 1,558,409 shares in the last quarter. Timucuan Asset Management Inc. FL grew its position in Floor & Decor by 32.1% during the first quarter. Timucuan Asset Management Inc. FL now owns 2,366,458 shares of the company's stock worth $190,429,000 after buying an additional 575,520 shares in the last quarter. Finally, Fisher Funds Management LTD lifted its stake in Floor & Decor by 21.6% during the first quarter. Fisher Funds Management LTD now owns 1,568,794 shares of the company's stock worth $126,241,000 after purchasing an additional 279,087 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have issued reports on FND. Wall Street Zen lowered Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Evercore ISI dropped 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. Guggenheim dropped their price target 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. Piper Sandler dropped their price target 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, Morgan Stanley dropped their price target on Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Five 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 MarketBeat, the stock has an average rating of "Hold" and an average target price of $88.56.

Floor & Decor Trading Up 5.7%

NYSE FND opened at $87.47 on Friday. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year 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 50-day moving average of $81.31 and a 200-day moving average of $79.49. The firm has a market cap of $9.42 billion, a PE ratio of 44.85, a price-to-earnings-growth ratio of 3.75 and a beta of 1.68.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, beating 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 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 company posted $0.52 EPS. Floor & Decor's revenue for the quarter was up 7.2% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. As a group, sell-side 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.

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