Jones Financial Companies Lllp Buys 34,662 Shares of Floor & Decor Holdings, Inc. $FND

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Floor & Decor Holdings, Inc., acquiring an additional 34,662 shares, bringing its total holdings to 37,434 shares worth approximately $3.01 million.
• Floor & Decor reported earnings of $0.58 per share for the last quarter, slightly surpassing analysts' expectations, and set its FY 2025 guidance at an EPS of 1.750-2.000.
• Despite a recent 2.0% decline in share price, analyst ratings vary, with five analysts rating the stock as "Buy" and a consensus price target of $88.56.

Jones Financial Companies Lllp boosted its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 1,250.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,434 shares of the company's stock after purchasing an additional 34,662 shares during the quarter. Jones Financial Companies Lllp's holdings in Floor & Decor were worth $3,012,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in FND. Envestnet Asset Management Inc. increased its stake in shares of Floor & Decor by 5.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company's stock valued at $22,255,000 after acquiring an additional 13,983 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Floor & Decor by 28.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company's stock valued at $255,000 after acquiring an additional 701 shares during the last quarter. Worldly Partners Management LLC increased its stake in shares of Floor & Decor by 5.5% during the 1st quarter. Worldly Partners Management LLC now owns 1,094,880 shares of the company's stock valued at $88,105,000 after acquiring an additional 57,500 shares during the last quarter. Davidson Kahn Capital Management LLC increased its stake in shares of Floor & Decor by 24.0% during the 1st quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company's stock valued at $2,446,000 after acquiring an additional 5,887 shares during the last quarter. Finally, Bridges Investment Management Inc. increased its stake in shares of Floor & Decor by 32.5% during the 1st quarter. Bridges Investment Management Inc. now owns 320,614 shares of the company's stock valued at $25,800,000 after acquiring an additional 78,626 shares during the last quarter.

Floor & Decor Stock Performance

Shares of FND traded down $0.45 during trading hours on Tuesday, reaching $89.80. 1,418,583 shares of the company's stock traded hands, compared to its average volume of 2,186,050. The firm has a market capitalization of $9.67 billion, a price-to-earnings ratio of 46.05, a P/E/G ratio of 3.87 and a beta of 1.68. 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 Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $124.68. The business's fifty day simple moving average is $82.34 and its two-hundred day simple moving average is $79.06.

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, topping analysts' consensus estimates of $0.57 by $0.01. The firm 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%.Floor & Decor's revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FND. Evercore ISI dropped their price objective 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. Telsey Advisory Group reissued an "outperform" rating and set a $92.00 target price on shares of Floor & Decor in a research report on Tuesday, August 12th. Piper Sandler dropped their target price on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating for the company in a research report on Friday, August 1st. Morgan Stanley dropped 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. Finally, Guggenheim dropped their target price on shares of Floor & Decor from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Floor & Decor has a consensus rating of "Hold" and an average price target of $88.56.

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.