26,040 Shares in Floor & Decor Holdings, Inc. $FND Acquired by Inspire Investing LLC

Key Points

• Inspire Investing LLC has invested $2.10 million in Floor & Decor Holdings, acquiring 26,040 shares during the first quarter.
• Several institutional investors, including Northwestern Mutual and Commerce Bank, have also increased their holdings in Floor & Decor, reflecting confidence in the company.
• Analyst ratings for Floor & Decor show a mix of opinions, with a consensus rating of "Hold" and a target price of $88.56, while some recent reports have downgraded its status to "Sell."

Inspire Investing LLC purchased a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 26,040 shares of the company's stock, valued at approximately $2,095,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Floor & Decor by 42.0% during 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 period. Zions Bancorporation National Association UT acquired a new position in Floor & Decor during the 1st quarter worth approximately $47,000. First Horizon Advisors Inc. raised its stake in Floor & Decor by 42.6% during the 1st quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock worth $69,000 after buying an additional 255 shares during the period. Quarry LP increased its holdings in Floor & Decor by 283.0% during the 1st quarter. Quarry LP now owns 1,421 shares of the company's stock worth $114,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Floor & Decor by 24.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,539 shares of the company's stock worth $124,000 after purchasing an additional 298 shares in the last quarter.

Floor & Decor Stock Performance

Shares of Floor & Decor stock traded down $0.45 during trading hours on Tuesday, reaching $89.80. The company had a trading volume of 1,418,583 shares, compared to its average volume of 2,091,342. The firm has a market cap of $9.67 billion, a PE ratio of 46.05, a price-to-earnings-growth ratio of 3.80 and a beta of 1.68. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $124.68. The business has a fifty day simple moving average of $82.18 and a 200 day simple moving average of $78.98. 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 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. 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 analyst estimates of $1.21 billion. During the same quarter last year, the company earned $0.52 earnings per share. The firm's quarterly revenue was up 7.2% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Guggenheim cut their price objective on Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Wall Street Zen downgraded Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Morgan Stanley decreased their target price on 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 reissued an "outperform" rating and issued a $92.00 target price on shares of Floor & Decor in a research report on Tuesday, August 12th. Finally, Evercore ISI decreased their target price on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a research report on Tuesday, June 24th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price 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.