Fort Washington Investment Advisors Inc. OH Buys 62,207 Shares of Floor & Decor Holdings, Inc. $FND

Key Points

• Fort Washington Investment Advisors Inc. OH increased its ownership in Floor & Decor by 36.1% during the second quarter, acquiring an additional 62,207 shares, bringing their total to approximately 234,504 shares worth $17.8 million.
• Several hedge funds, including Northwestern Mutual Wealth Management and First Horizon Advisors, also expanded their stakes in Floor & Decor during the first quarter, indicating growing institutional interest in the company.
• Analysts have mixed views on Floor & Decor's stock performance, with a consensus rating of "Hold" and an average price target of $88.63, following recent downgrades from market leaders like Morgan Stanley and Piper Sandler.

Fort Washington Investment Advisors Inc. OH boosted its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 36.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 234,504 shares of the company's stock after purchasing an additional 62,207 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.22% of Floor & Decor worth $17,813,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Floor & Decor by 42.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock worth $41,000 after buying an additional 152 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Floor & Decor in the first quarter valued at about $47,000. eCIO Inc. purchased a new position in Floor & Decor in the first quarter worth about $62,000. First Horizon Advisors Inc. grew its stake in shares of Floor & Decor by 42.6% during the 1st quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock valued at $69,000 after purchasing an additional 255 shares during the period. Finally, WD Rutherford LLC purchased a new stake in shares of Floor & Decor during the 2nd quarter valued at about $73,000.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FND shares. Morgan Stanley dropped their price objective on shares of Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Piper Sandler dropped their price target on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a research note on Friday, August 1st. Telsey Advisory Group reissued an "outperform" rating and set a $92.00 price objective on shares of Floor & Decor in a research report on Tuesday, August 12th. Guggenheim reduced their price objective on Floor & Decor from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, Wall Street Zen downgraded Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Floor & Decor has a consensus rating of "Hold" and a consensus price target of $88.63.

Floor & Decor Trading Down 0.6%

FND opened at $76.48 on Monday. The stock has a 50-day moving average of $82.40 and a 200 day moving average of $78.55. The company has a current ratio of 1.25, a quick ratio of 0.28 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 firm has a market cap of $8.24 billion, a P/E ratio of 39.22, a P/E/G ratio of 3.28 and a beta of 1.68.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.The company's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the company earned $0.52 EPS. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. As a group, research analysts forecast 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.

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