Northern Trust Corp Has $77.61 Million Stock Position in Floor & Decor Holdings, Inc. $FND

Key Points

• Northern Trust Corp increased its stake in Floor & Decor Holdings, Inc. by 2.1% in Q1, now owning approximately 964,409 shares valued at $77.6 million.
• Multiple analysts have revised their price targets for Floor & Decor, with Barclays and Piper Sandler lowering theirs to $78.00, while Telsey Advisory Group set a target at $92.00.
• In its latest earnings report, Floor & Decor reported $0.58 earnings per share, exceeding the consensus estimate by $0.01, with revenue up 7.2% year-over-year.

Northern Trust Corp raised its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 2.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 964,409 shares of the company's stock after purchasing an additional 19,476 shares during the period. Northern Trust Corp owned about 0.90% of Floor & Decor worth $77,606,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. grew its stake in Floor & Decor by 106.4% during the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock worth $243,275,000 after buying an additional 1,558,409 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in Floor & Decor by 12,208.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company's stock valued at $132,329,000 after buying an additional 1,316,484 shares during the last quarter. Van Berkom & Associates Inc. bought a new stake in shares of Floor & Decor during the first quarter valued at about $39,861,000. Two Sigma Investments LP bought a new stake in shares of Floor & Decor during the fourth quarter valued at about $45,478,000. Finally, Vanguard Group Inc. grew its holdings in Floor & Decor by 3.9% during the first quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company's stock worth $818,665,000 after acquiring an additional 380,976 shares during the period.

Analysts Set New Price Targets

Several research firms have weighed in on FND. Morgan Stanley lowered their target price on Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Mizuho reduced their target price on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Telsey Advisory Group restated an "outperform" rating and issued a $92.00 price target on shares of Floor & Decor in a research report on Tuesday, August 12th. Guggenheim decreased 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. Finally, Wall Street Zen lowered Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $88.56.

Floor & Decor Stock Down 2.1%

Shares of NYSE:FND traded down $1.80 during mid-day trading on Friday, reaching $81.85. 1,563,620 shares of the stock were exchanged, compared to its average volume of 2,266,526. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08. The stock's 50 day simple moving average is $80.71 and its 200-day simple moving average is $80.03. The company has a market cap of $8.81 billion, a P/E ratio of 41.98, a P/E/G ratio of 3.51 and a beta of 1.68. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $124.68.

Floor & Decor (NYSE:FND - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $1.21 billion during 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%.The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. As a group, equities research analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current 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.