Graham Capital Management L.P. Has $3.13 Million Stock Position in Floor & Decor Holdings, Inc. $FND

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 holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 109.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,916 shares of the company's stock after purchasing an additional 20,374 shares during the period. Graham Capital Management L.P.'s holdings in Floor & Decor were worth $3,132,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of FND. Quarry LP increased its holdings in shares of Floor & Decor by 283.0% in the 1st quarter. Quarry LP now owns 1,421 shares of the company's stock worth $114,000 after acquiring an additional 1,050 shares during the period. Junto Capital Management LP acquired a new stake in shares of Floor & Decor in the 1st quarter worth about $14,132,000. Baird Financial Group Inc. increased its holdings in shares of Floor & Decor by 4.6% in the 1st quarter. Baird Financial Group Inc. now owns 356,729 shares of the company's stock worth $28,706,000 after acquiring an additional 15,527 shares during the period. Vident Advisory LLC acquired a new stake in shares of Floor & Decor in the 1st quarter worth about $212,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Floor & Decor in the 1st quarter worth about $958,000.

Floor & Decor Price Performance

FND traded up $4.72 on Friday, reaching $87.47. The company had a trading volume of 3,593,538 shares, compared to its average volume of 2,177,441. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $124.68. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average of $81.31 and a 200-day moving average of $79.60. The company has a market capitalization of $9.42 billion, a P/E ratio of 44.85, a PEG ratio of 3.55 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 for the quarter, beating the consensus estimate of $0.57 by $0.01. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm 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. As a group, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analyst Weigh In

FND has been the topic of a number of analyst reports. Evercore ISI dropped their price objective on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a report on Tuesday, June 24th. Piper Sandler dropped their price objective on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a report on Friday, August 1st. Morgan Stanley decreased their target price on shares of Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Telsey Advisory Group reiterated an "outperform" rating and issued a $92.00 target price on shares of Floor & Decor in a research report on Tuesday, August 12th. Finally, Wall Street Zen lowered shares of Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $88.56.

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.