26,040 Shares in Floor & Decor Holdings, Inc. $FND Purchased 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 acquired a new position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,040 shares of the company's stock, valued at approximately $2,095,000.

A number of other large investors also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 stake in Floor & Decor during the 1st quarter worth $47,000. First Horizon Advisors Inc. raised its position 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 acquiring an additional 255 shares during the last quarter. Quarry LP lifted its stake in shares of Floor & Decor by 283.0% in the 1st quarter. Quarry LP now owns 1,421 shares of the company's stock valued at $114,000 after purchasing an additional 1,050 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Floor & Decor by 24.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,539 shares of the company's stock valued at $124,000 after purchasing an additional 298 shares during the period.

Floor & Decor Stock Down 0.8%

NYSE FND traded down $0.69 on Thursday, reaching $86.49. The company had a trading volume of 877,468 shares, compared to its average volume of 2,084,374. The company's fifty day moving average is $82.41 and its 200-day moving average is $79.12. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of 44.26, a price-to-earnings-growth ratio of 3.85 and a beta of 1.68. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $124.68.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The company 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 company's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, research analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FND shares. Guggenheim dropped their price objective on Floor & Decor from $100.00 to $90.00 and set a "buy" rating for the company in a report on Friday, August 1st. Wolfe Research began coverage on Floor & Decor in a research report on Thursday. They set an "underperform" rating and a $76.00 target price for the company. Wall Street Zen downgraded shares of Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Piper Sandler decreased their price objective on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating for the company in a report on Friday, August 1st. Finally, Evercore ISI lowered 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. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Floor & Decor currently has an average rating of "Hold" and an average target price of $87.82.

About Floor & Decor

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.