Floor & Decor Holdings, Inc. $FND Shares Bought by Bridges Investment Management Inc.

Key Points

• Bridges Investment Management Inc. increased its stake in Floor & Decor Holdings by 44.0% during Q2, owning 461,795 shares worth approximately $35 million at the time.
• Wall Street analysts currently have a consensus rating of "Hold" for Floor & Decor, with an average price target of $87.24, and various analyst ratings ranging from "Buy" to "Sell."
• Floor & Decor reported quarterly earnings of $0.58 per share, beating analysts' estimates, and its revenue increased by 7.2% compared to the same quarter last year.

Bridges Investment Management Inc. grew its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 44.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 461,795 shares of the company's stock after purchasing an additional 141,181 shares during the quarter. Bridges Investment Management Inc. owned 0.43% of Floor & Decor worth $35,078,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of Floor & Decor by 5.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company's stock worth $22,255,000 after acquiring an additional 13,983 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Floor & Decor by 28.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company's stock worth $255,000 after acquiring an additional 701 shares in the last quarter. Worldly Partners Management LLC boosted its stake in shares of Floor & Decor by 5.5% during the 1st quarter. Worldly Partners Management LLC now owns 1,094,880 shares of the company's stock worth $88,105,000 after acquiring an additional 57,500 shares in the last quarter. Davidson Kahn Capital Management LLC boosted its stake in shares of Floor & Decor by 24.0% during the 1st quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company's stock worth $2,446,000 after acquiring an additional 5,887 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Floor & Decor by 94.3% during the 1st quarter. Deutsche Bank AG now owns 27,376 shares of the company's stock worth $2,203,000 after acquiring an additional 13,290 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Morgan Stanley reduced their price objective 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. Wolfe Research assumed coverage on Floor & Decor in a research note on Thursday, September 18th. They set an "underperform" rating and a $76.00 price objective for the company. Telsey Advisory Group reissued an "outperform" rating and set a $92.00 price objective on shares of Floor & Decor in a research note on Tuesday, August 12th. Evercore ISI reduced their price objective on Floor & Decor from $80.00 to $75.00 and set an "in-line" rating for the company in a research note on Tuesday. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Floor & Decor in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Floor & Decor currently has a consensus rating of "Hold" and an average price target of $87.24.

Floor & Decor Stock Performance

Shares of FND stock opened at $70.97 on Thursday. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $122.90. 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 market capitalization of $7.64 billion, a price-to-earnings ratio of 36.39, a P/E/G ratio of 3.01 and a beta of 1.70. The stock's fifty day simple moving average is $80.29 and its 200-day simple moving average is $77.52.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly 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. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share 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.

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