Algert Global LLC Acquires 10,550 Shares of Floor & Decor Holdings, Inc. $FND

Key Points

• Algert Global LLC increased its stake in Floor & Decor Holdings, Inc. by 30.0% in Q1, holding 45,719 shares valued at $3,679,000.
• Floor & Decor's stock prices have recently shown a 4.3% increase, with current shares trading at approximately $84.83.
• The company reported a quarterly earnings per share (EPS) of $0.58, surpassing analyst estimates of $0.57, with a year-over-year revenue increase of 7.2%.

Algert Global LLC lifted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 30.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,719 shares of the company's stock after buying an additional 10,550 shares during the quarter. Algert Global LLC's holdings in Floor & Decor were worth $3,679,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FND. Renaissance Technologies LLC bought a new position in Floor & Decor in the 4th quarter worth about $1,236,000. Jump Financial LLC bought a new position in Floor & Decor in the 4th quarter worth about $432,000. Forum Financial Management LP bought a new position in Floor & Decor in the 4th quarter worth about $202,000. First Trust Advisors LP lifted its stake in Floor & Decor by 895.4% during 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 during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Floor & Decor by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 873,014 shares of the company's stock valued at $87,043,000 after acquiring an additional 43,681 shares during the period.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FND shares. Mizuho lowered their price objective on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company lowered their price objective on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Piper Sandler lowered their price objective on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a research note on Friday, August 1st. Stifel Nicolaus lowered their price objective on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Evercore ISI decreased their target price on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a research note on Tuesday, June 24th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Floor & Decor has an average rating of "Hold" and a consensus target price of $88.56.

Floor & Decor Price Performance

Shares of Floor & Decor stock traded down $5.0240 on Monday, hitting $82.9960. 2,251,762 shares of the company traded hands, compared to its average volume of 2,271,254. The stock has a market capitalization of $8.94 billion, a P/E ratio of 42.56, a price-to-earnings-growth ratio of 3.78 and a beta of 1.68. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25. Floor & Decor Holdings, Inc. has a 52 week low of $66.01 and a 52 week high of $124.68. The business has a 50-day simple moving average of $80.02 and a 200 day simple moving average of $80.31.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.21 billion. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share 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.