Floor & Decor Holdings, Inc. $FND Shares Purchased by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its stake in Floor & Decor Holdings by 19.7%, owning approximately $52.8 million worth of shares after acquiring an additional 107,900 shares in the first quarter.
• Several institutional investors, including First Trust Advisors LP and Dimensional Fund Advisors LP, made significant changes to their positions in FND, highlighting growing interest among hedge funds.
• Analysts have mixed ratings on Floor & Decor, with five brokers recommending a "Buy," nine a "Hold," and two a "Sell," leading to an average target price of $88.56.

Raymond James Financial Inc. lifted its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 19.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 655,942 shares of the company's stock after buying an additional 107,900 shares during the quarter. Raymond James Financial Inc. owned approximately 0.61% of Floor & Decor worth $52,784,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FND. Principal Financial Group Inc. raised its holdings in shares of Floor & Decor by 106.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock valued at $243,275,000 after buying an additional 1,558,409 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of Floor & Decor by 12,208.9% in the 4th 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 period. Van Berkom & Associates Inc. purchased a new stake in shares of Floor & Decor in the 1st quarter valued at $39,861,000. Two Sigma Investments LP purchased a new stake in shares of Floor & Decor in the 4th quarter valued at $45,478,000. Finally, Vanguard Group Inc. raised its holdings in shares of Floor & Decor by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company's stock valued at $818,665,000 after buying an additional 380,976 shares during the period.

Analyst Upgrades and Downgrades

FND has been the topic of a number of analyst reports. Robert W. Baird reduced their price target on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $92.00 price target on shares of Floor & Decor in a research report on Tuesday, August 12th. Piper Sandler reduced their price target on Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a research report on Friday, August 1st. The Goldman Sachs Group reduced their price target on Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a research report on Friday, May 2nd. Finally, Mizuho reduced their price target on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Floor & Decor presently has an average rating of "Hold" and a consensus price target of $88.56.

Floor & Decor Stock Down 0.0%

Shares of FND traded down $0.01 during mid-day trading on Wednesday, reaching $82.65. The company's stock had a trading volume of 2,057,479 shares, compared to its average volume of 2,284,194. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $124.68. The stock has a market cap of $8.90 billion, a PE ratio of 42.39, a price-to-earnings-growth ratio of 3.55 and a beta of 1.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.28. The company's 50 day moving average is $80.39 and its 200 day moving average is $80.35.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the business posted $0.52 EPS. The business's revenue for the quarter was up 7.2% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS 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.