Untitled Investments LP Purchases 5,940 Shares of Floor & Decor Holdings, Inc. $FND

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 boosted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 248,755 shares of the company's stock after purchasing an additional 5,940 shares during the quarter. Floor & Decor comprises 5.7% of Untitled Investments LP's investment portfolio, making the stock its 8th largest holding. Untitled Investments LP owned 0.23% of Floor & Decor worth $20,017,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FND. Envestnet Asset Management Inc. increased its stake in Floor & Decor by 5.3% in the first quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company's stock valued at $22,255,000 after purchasing an additional 13,983 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Floor & Decor by 28.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company's stock worth $255,000 after buying an additional 701 shares during the last quarter. Worldly Partners Management LLC grew its holdings in shares of Floor & Decor by 5.5% during the first quarter. Worldly Partners Management LLC now owns 1,094,880 shares of the company's stock worth $88,105,000 after buying an additional 57,500 shares during the last quarter. Davidson Kahn Capital Management LLC increased its position in Floor & Decor by 24.0% in the 1st quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company's stock valued at $2,446,000 after acquiring an additional 5,887 shares during the period. Finally, Bridges Investment Management Inc. raised its stake in Floor & Decor by 32.5% during the 1st quarter. Bridges Investment Management Inc. now owns 320,614 shares of the company's stock valued at $25,800,000 after acquiring an additional 78,626 shares during the last quarter.

Floor & Decor Price Performance

Shares of NYSE:FND traded down $1.21 during trading on Friday, hitting $89.22. 832,422 shares of the stock were exchanged, compared to its average volume of 2,094,504. The company has a market cap of $9.61 billion, a PE ratio of 45.75, a P/E/G ratio of 3.65 and a beta of 1.68. 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 company has a fifty day moving average price of $81.86 and a two-hundred day moving average price of $79.39. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $124.68.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm 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%.Floor & Decor's revenue was up 7.2% on a year-over-year basis. 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 year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FND. Piper Sandler lowered their target price on Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a research note on Friday, August 1st. Evercore ISI lowered their price objective on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a research report on Tuesday, June 24th. Wall Street Zen cut shares of Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Telsey Advisory Group restated an "outperform" rating and set a $92.00 price objective on shares of Floor & Decor in a research report on Tuesday, August 12th. Finally, Guggenheim lowered their target price on shares of Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $88.56.

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.