Fox Run Management L.L.C. Makes New Investment in Floor & Decor Holdings, Inc. $FND

Key Points

• Fox Run Management L.L.C. has acquired 5,458 shares of Floor & Decor Holdings, Inc., valued at approximately $439,000, during the first quarter.
• Several institutional investors, such as Zions Bancorporation and CWM LLC, have increased their stakes in Floor & Decor, indicating growing interest in the company.
• Analysts have revised their price targets for Floor & Decor, with estimates ranging widely; the current consensus rating is "Hold" with a target price of $88.56.

Fox Run Management L.L.C. purchased a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,458 shares of the company's stock, valued at approximately $439,000.

Several other large investors have also made changes to their positions in the company. Ground Swell Capital LLC acquired a new position in shares of Floor & Decor during the first quarter valued at $208,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Floor & Decor by 24.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,539 shares of the company's stock valued at $124,000 after acquiring an additional 298 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Floor & Decor by 22.6% during the first quarter. Russell Investments Group Ltd. now owns 111,187 shares of the company's stock valued at $8,946,000 after acquiring an additional 20,532 shares during the period. Nuveen LLC acquired a new position in shares of Floor & Decor during the first quarter valued at $16,207,000. Finally, King Luther Capital Management Corp lifted its stake in shares of Floor & Decor by 3.8% during the first quarter. King Luther Capital Management Corp now owns 11,666 shares of the company's stock valued at $939,000 after acquiring an additional 426 shares during the period.

Analyst Ratings Changes

Several research firms have weighed in on FND. Morgan Stanley cut 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. Wells Fargo & Company cut their target price on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Guggenheim cut their target price on Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Evercore ISI cut their target price on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a research note on Tuesday, June 24th. Finally, Stifel Nicolaus cut their target price on Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Floor & Decor has an average rating of "Hold" and an average target price of $88.56.

Floor & Decor Trading Up 8.8%

Shares of Floor & Decor stock traded up $7.1050 during trading hours on Friday, hitting $87.9750. The company's stock had a trading volume of 3,883,492 shares, compared to its average volume of 2,090,037. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $124.68. The stock has a 50 day moving average of $79.57 and a 200 day moving average of $80.84. The company has a market capitalization of $9.47 billion, a PE ratio of 45.12, a price-to-earnings-growth ratio of 3.52 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.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.58 earnings per share (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 prior year, the company earned $0.52 earnings per share. The company'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. Analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current 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.