Natixis Advisors LLC raised its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 26.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 922,409 shares of the company's stock after buying an additional 195,426 shares during the quarter. Natixis Advisors LLC owned approximately 0.86% of Floor & Decor worth $67,982,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of FND. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Floor & Decor by 9.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company's stock valued at $27,346,000 after buying an additional 30,195 shares during the last quarter. Atria Investments Inc grew its holdings in Floor & Decor by 28.5% in the 2nd quarter. Atria Investments Inc now owns 9,553 shares of the company's stock worth $726,000 after buying an additional 2,121 shares in the last quarter. Huntington National Bank increased its position in Floor & Decor by 231.3% in the 2nd quarter. Huntington National Bank now owns 1,491 shares of the company's stock valued at $113,000 after acquiring an additional 1,041 shares during the period. Penserra Capital Management LLC increased its position in Floor & Decor by 23.1% in the 2nd quarter. Penserra Capital Management LLC now owns 3,424 shares of the company's stock valued at $260,000 after acquiring an additional 643 shares during the period. Finally, King Luther Capital Management Corp raised its stake in Floor & Decor by 40.9% during the 2nd quarter. King Luther Capital Management Corp now owns 16,442 shares of the company's stock valued at $1,249,000 after acquiring an additional 4,776 shares in the last quarter.
Analysts Set New Price Targets
FND has been the subject of several recent analyst reports. Morgan Stanley decreased their price target on Floor & Decor from $90.00 to $88.00 and set an "equal weight" rating for the company in a research note on Thursday, January 15th. JPMorgan Chase & Co. dropped their price target on shares of Floor & Decor from $85.00 to $78.00 and set a "neutral" rating on the stock in a research report on Friday, February 20th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $64.00 price target on shares of Floor & Decor in a research note on Friday, February 20th. Piper Sandler reiterated an "overweight" rating and issued a $80.00 price objective on shares of Floor & Decor in a report on Friday, February 20th. Finally, Stifel Nicolaus dropped their target price on Floor & Decor from $92.00 to $90.00 and set a "buy" rating on the stock in a report on Tuesday, December 16th. Six research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Floor & Decor currently has a consensus rating of "Hold" and a consensus price target of $78.24.
Read Our Latest Analysis on Floor & Decor
Floor & Decor Trading Down 4.1%
Shares of NYSE:FND opened at $60.09 on Monday. Floor & Decor Holdings, Inc. has a 1-year low of $55.11 and a 1-year high of $95.83. The company has a 50 day moving average price of $68.76 and a 200 day moving average price of $70.03. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 31.30, a PEG ratio of 2.04 and a beta of 1.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.33.
Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. Floor & Decor had a return on equity of 8.99% and a net margin of 4.45%.The company's revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.44 EPS. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. On average, research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.
About Floor & Decor
(
Free Report)
Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.
Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.
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