Trexquant Investment LP Purchases 149,738 Shares of 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 lifted its position 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 & Exchange Commission. 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 0.15% of Floor & Decor worth $13,004,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP lifted its position in Floor & Decor by 895.4% in the 4th quarter. First Trust Advisors LP now owns 53,127 shares of the company's stock valued at $5,297,000 after acquiring an additional 47,790 shares in the last quarter. Hsbc Holdings PLC lifted its position in Floor & Decor by 89.5% in the 4th quarter. Hsbc Holdings PLC now owns 5,796 shares of the company's stock valued at $578,000 after acquiring an additional 2,738 shares in the last quarter. Northern Trust Corp lifted its position in Floor & Decor by 20.7% in the 4th quarter. Northern Trust Corp now owns 944,933 shares of the company's stock valued at $94,210,000 after acquiring an additional 162,030 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Floor & Decor in the 4th quarter valued at $283,000. Finally, Freestone Grove Partners LP bought a new stake in Floor & Decor in the 4th quarter valued at $7,644,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FND shares. Telsey Advisory Group reissued an "outperform" rating and set a $92.00 price target on shares of Floor & Decor in a research report on Tuesday, August 12th. Guggenheim cut their price target on shares of Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Evercore ISI cut their price target 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. Piper Sandler cut their price target on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a research report on Friday, August 1st. Finally, Wall Street Zen cut shares of Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $88.56.

Floor & Decor Stock Performance

Shares of Floor & Decor stock traded down $2.97 during trading on Tuesday, hitting $78.95. 1,783,929 shares of the stock were exchanged, compared to its average volume of 2,085,598. The stock has a market capitalization of $8.50 billion, a price-to-earnings ratio of 40.48, a price-to-earnings-growth ratio of 3.51 and a beta of 1.68. The company has a fifty day moving average price of $80.83 and a 200-day moving average price of $79.79. 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.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the business earned $0.52 EPS. Floor & Decor's quarterly 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. As a group, equities analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Floor & Decor Company 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.