Johnson Investment Counsel Inc. Raises Holdings in Floor & Decor Holdings, Inc. $FND

Johnson Investment Counsel Inc. increased its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 34.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 34,111 shares of the company's stock after acquiring an additional 8,709 shares during the period. Johnson Investment Counsel Inc.'s holdings in Floor & Decor were worth $2,591,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FND. Northwestern Mutual Wealth Management Co. grew its position in Floor & Decor by 42.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock worth $41,000 after acquiring an additional 152 shares during the period. Zions Bancorporation National Association UT acquired a new position in Floor & Decor during the first quarter worth $47,000. eCIO Inc. acquired a new position in Floor & Decor during the first quarter worth $62,000. First Horizon Advisors Inc. lifted its stake in Floor & Decor by 42.6% during the first quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock worth $69,000 after purchasing an additional 255 shares in the last quarter. Finally, WD Rutherford LLC acquired a new position in Floor & Decor during the second quarter worth $73,000.

Analyst Ratings Changes

A number of research analysts have commented on FND shares. Morgan Stanley decreased their price target on Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Evercore ISI decreased their price target on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a research note on Tuesday, October 7th. Telsey Advisory Group restated an "outperform" rating and set a $92.00 price target on shares of Floor & Decor in a research note on Tuesday, August 12th. Citigroup decreased their price target on Floor & Decor from $81.00 to $75.00 and set a "neutral" rating on the stock in a research note on Thursday, October 9th. Finally, Piper Sandler decreased their price target on 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 given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $87.53.

Floor & Decor Trading Up 3.8%

NYSE:FND opened at $69.35 on Tuesday. The firm has a market cap of $7.47 billion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 2.86 and a beta of 1.70. The stock has a fifty day moving average price of $80.71 and a 200 day moving average price of $77.61. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $122.90. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The firm had revenue of $1.21 billion during 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%.Floor & Decor's revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

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.

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