Jones Financial Companies Lllp Boosts Holdings in 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 lifted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 1,250.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FND. Price T Rowe Associates Inc. MD increased its stake in Floor & Decor by 32.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company's stock worth $550,228,000 after purchasing an additional 1,686,085 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Floor & Decor by 106.4% in the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock valued at $243,275,000 after purchasing an additional 1,558,409 shares during the last quarter. Timucuan Asset Management Inc. FL boosted its position in shares of Floor & Decor by 32.1% in the first quarter. Timucuan Asset Management Inc. FL now owns 2,366,458 shares of the company's stock valued at $190,429,000 after acquiring an additional 575,520 shares during the period. Van Berkom & Associates Inc. acquired a new position in Floor & Decor in the 1st quarter valued at approximately $39,861,000. Finally, Two Sigma Investments LP bought a new position in Floor & Decor during the fourth quarter worth about $45,478,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FND shares. Wall Street Zen lowered shares of Floor & Decor from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Guggenheim reduced their price objective on shares of Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. 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. Evercore ISI decreased their price objective on 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. Finally, Morgan Stanley cut their target price 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. 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's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $88.56.

Floor & Decor Price Performance

FND stock traded down $1.56 during midday trading on Friday, reaching $88.86. The company had a trading volume of 1,761,564 shares, compared to its average volume of 2,185,202. 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 1-year low of $66.01 and a 1-year high of $124.68. The company has a market capitalization of $9.57 billion, a price-to-earnings ratio of 45.57, a price-to-earnings-growth ratio of 3.88 and a beta of 1.68. The stock has a 50 day moving average price of $81.99 and a 200-day moving average price of $79.15.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.21 billion. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.The business's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Equities research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

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.