Trexquant Investment LP Grows Holdings in Floor & Decor Holdings, Inc. $FND

Key Points

• Trexquant Investment LP drastically increased its position in Floor & Decor Holdings, Inc. by 1,262.0%, acquiring an additional 149,738 shares, bringing its total to 161,603 shares valued at approximately $13 million.
• Several hedge funds have also significantly boosted their holdings in Floor & Decor, including First Trust Advisors LP, which raised its ownership by 895.4% during the fourth quarter.
• Wall Street analysts have been adjusting their ratings and price targets for Floor & Decor, with Stifel Nicolaus and Barclays reducing their targets to $92.00 and $78.00, respectively.

Trexquant Investment LP boosted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 1,262.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,603 shares of the company's stock after purchasing an additional 149,738 shares during the quarter. Trexquant Investment LP owned about 0.15% of Floor & Decor worth $13,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Floor & Decor by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company's stock valued at $818,665,000 after buying an additional 380,976 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Floor & Decor by 32.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company's stock valued at $550,228,000 after acquiring an additional 1,686,085 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Floor & Decor by 106.4% in the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock worth $243,275,000 after purchasing an additional 1,558,409 shares during the last quarter. Fisher Funds Management LTD increased its position in shares of 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 in the last quarter. Finally, Turtle Creek Asset Management Inc. lifted its holdings in shares of Floor & Decor by 14.7% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 1,371,683 shares of the company's stock valued at $136,757,000 after purchasing an additional 175,350 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently issued reports on FND. Evercore ISI reduced their target price on 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. Telsey Advisory Group reaffirmed 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 downgraded shares of Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Loop Capital cut their price target on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a research note on Tuesday, May 6th. Finally, Morgan Stanley lowered their price objective on shares of 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 assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Floor & Decor currently has an average rating of "Hold" and a consensus target price of $88.56.

Floor & Decor Stock Performance

NYSE:FND traded down $0.91 during mid-day trading on Wednesday, hitting $78.13. The company's stock had a trading volume of 579,345 shares, compared to its average volume of 2,082,336. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of 40.06, a PEG ratio of 3.51 and a beta of 1.68. The business's fifty day moving average is $80.88 and its two-hundred day moving average is $79.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.28. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 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%.Floor & Decor's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal 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.