Janney Montgomery Scott LLC Raises Stock Position in Floor & Decor Holdings, Inc. $FND

Key Points

• Janney Montgomery Scott LLC increased its stake in Floor & Decor Holdings, Inc. by 17.1%, owning 27,143 shares valued at $2.06 million as of the latest reporting period.
• Analysts have mixed ratings for Floor & Decor, with an average rating of "Hold" and an average price target of $87.53.
• Floor & Decor reported a $0.58 EPS for the last quarter, surpassing analysts' expectations by $0.01, with quarterly revenue increasing by 7.2% year-over-year.

Janney Montgomery Scott LLC lifted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 17.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,143 shares of the company's stock after buying an additional 3,959 shares during the quarter. Janney Montgomery Scott LLC's holdings in Floor & Decor were worth $2,062,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FND. Northwestern Mutual Wealth Management Co. lifted 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 last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Floor & Decor during the 1st quarter worth approximately $47,000. eCIO Inc. purchased a new stake in shares of Floor & Decor during the 1st quarter worth approximately $62,000. First Horizon Advisors Inc. lifted 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 worth $69,000 after buying an additional 255 shares during the last quarter. Finally, WD Rutherford LLC acquired a new position in shares of Floor & Decor in the 2nd quarter valued at $73,000.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Floor & Decor in a report on Wednesday. Guggenheim cut their target price on shares of Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Wolfe Research assumed coverage on shares of Floor & Decor in a report on Thursday, September 18th. They issued an "underperform" rating and a $76.00 target price on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $92.00 target price on shares of Floor & Decor in a report on Tuesday, August 12th. Finally, 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 research note on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $87.53.

Floor & Decor Trading Down 3.4%

NYSE FND opened at $66.77 on Friday. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $122.90. The company has a 50-day moving average of $80.95 and a 200-day moving average of $77.76. 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 cap of $7.19 billion, a P/E ratio of 34.24, a P/E/G ratio of 2.97 and a beta of 1.70.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.21 billion. During the same quarter in the prior year, the company posted $0.52 EPS. The company's quarterly revenue 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. As a group, equities analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

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.

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