Floor & Decor Holdings, Inc. $FND Shares Purchased by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. has increased its stake in Floor & Decor Holdings, Inc. by 109.9%, now holding 38,916 shares valued at approximately $3.13 million.
• Equity analysts have mixed views on Floor & Decor, with price targets ranging from $78.00 to $97.00 and a consensus average target price of $88.56.
• Floor & Decor reported a 7.2% increase in revenue year-over-year, achieving earnings of $0.58 per share, which exceeded expectations for the quarter.

Graham Capital Management L.P. grew its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 109.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,916 shares of the company's stock after purchasing an additional 20,374 shares during the quarter. Graham Capital Management L.P.'s holdings in Floor & Decor were worth $3,132,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Floor & Decor by 32.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company's stock valued at $550,228,000 after acquiring an additional 1,686,085 shares during the period. Principal Financial Group Inc. grew its position in 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 last quarter. D. E. Shaw & Co. Inc. grew its position in 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 last quarter. Timucuan Asset Management Inc. FL boosted its position in shares of Floor & Decor by 32.1% during the 1st quarter. Timucuan Asset Management Inc. FL now owns 2,366,458 shares of the company's stock worth $190,429,000 after purchasing an additional 575,520 shares in the last quarter. Finally, Van Berkom & Associates Inc. purchased a new stake in shares of Floor & Decor during the 1st quarter worth $39,861,000.

Floor & Decor Stock Performance

Shares of FND stock traded down $0.60 on Wednesday, hitting $78.44. 1,835,425 shares of the stock traded hands, compared to its average volume of 2,056,001. 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 has a market capitalization of $8.45 billion, a PE ratio of 40.23, a PEG ratio of 3.51 and a beta of 1.68. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $124.68. The company's fifty day moving average is $80.93 and its 200 day moving average is $79.78.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings results 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 for 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 business's revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 EPS. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, equities research analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on FND shares. Piper Sandler decreased their target price on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a research report on Friday, August 1st. Evercore ISI cut their target price on shares of 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. Morgan Stanley dropped their price objective on shares of 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. Wall Street Zen downgraded shares of Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Finally, Loop Capital decreased their target price on Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a report on Tuesday, May 6th. Five equities research 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's stock. Based on data from MarketBeat.com, Floor & Decor has an average rating of "Hold" and a consensus target price of $88.56.

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.