Amundi Sells 4,517 Shares of Floor & Decor Holdings, Inc. $FND

Key Points

• Amundi reduced its stake in Floor & Decor Holdings, Inc. by 3.2%, selling 4,517 shares and owning 138,857 shares valued at approximately $11.17 million post-sale.
• Several other institutional investors increased their holdings in the company, with Quarry LP leading by acquiring a 283% increase in shares.
• Floor & Decor reported earnings per share of $0.58 for the last quarter, exceeding estimates, with a revenue increase of 7.2% compared to the previous year.

Amundi lessened its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 138,857 shares of the company's stock after selling 4,517 shares during the quarter. Amundi owned approximately 0.13% of Floor & Decor worth $11,174,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in Floor & Decor by 5.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company's stock valued at $22,255,000 after buying an additional 13,983 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Floor & Decor by 28.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company's stock valued at $255,000 after buying an additional 701 shares during the last quarter. Worldly Partners Management LLC raised its position in Floor & Decor by 5.5% in the 1st quarter. Worldly Partners Management LLC now owns 1,094,880 shares of the company's stock valued at $88,105,000 after buying an additional 57,500 shares during the last quarter. Davidson Kahn Capital Management LLC raised its position in Floor & Decor by 24.0% in the 1st quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company's stock valued at $2,446,000 after buying an additional 5,887 shares during the last quarter. Finally, Bridges Investment Management Inc. raised its position in Floor & Decor by 32.5% in the 1st quarter. Bridges Investment Management Inc. now owns 320,614 shares of the company's stock valued at $25,800,000 after buying an additional 78,626 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Guggenheim dropped their target price on Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Piper Sandler decreased their price target on Floor & Decor from $80.00 to $78.00 and set a "neutral" rating for the company in a research note on Friday, August 1st. Morgan Stanley decreased their price target 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. Evercore ISI decreased their price target on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a research note on Tuesday, June 24th. Finally, Wall Street Zen downgraded Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $88.56.

Floor & Decor Stock Performance

Shares of NYSE FND traded down $1.56 during midday trading on Friday, hitting $88.86. 1,761,564 shares of the company's stock were exchanged, compared to its average volume of 2,185,202. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $124.68. The company's 50 day moving average price is $81.99 and its 200 day moving average price is $79.31. The firm has a market capitalization of $9.57 billion, a PE ratio of 45.57, a price-to-earnings-growth ratio of 3.88 and a beta of 1.68.

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. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the company posted $0.52 EPS. The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. As a group, 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.