Jump Financial LLC Purchases 47,457 Shares of Floor & Decor Holdings, Inc. $FND

Key Points

• Jump Financial LLC significantly increased its investment in Floor & Decor Holdings, Inc. by 1,096.5%, bringing its total holdings to $4.17 million during the first quarter.
• Other institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., also raised their stakes in Floor & Decor, indicating strong institutional interest in the stock.
• Floor & Decor reported a quarterly earnings per share of $0.58, surpassing analyst expectations, and set its FY 2025 EPS guidance between 1.750-2.000.

Jump Financial LLC grew its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 1,096.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,785 shares of the company's stock after buying an additional 47,457 shares during the period. Jump Financial LLC's holdings in Floor & Decor were worth $4,167,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FND. Vanguard Group Inc. grew its stake in Floor & Decor by 3.9% during the first quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company's stock worth $818,665,000 after purchasing an additional 380,976 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Floor & Decor by 32.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company's stock worth $550,228,000 after acquiring an additional 1,686,085 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Floor & Decor by 106.4% in the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock worth $243,275,000 after acquiring an additional 1,558,409 shares in the last quarter. Fisher Funds Management LTD boosted its holdings in Floor & Decor by 21.6% in the first quarter. Fisher Funds Management LTD now owns 1,568,794 shares of the company's stock worth $126,241,000 after acquiring an additional 279,087 shares in the last quarter. Finally, Turtle Creek Asset Management Inc. boosted its holdings in Floor & Decor by 14.7% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 1,371,683 shares of the company's stock worth $136,757,000 after acquiring an additional 175,350 shares in the last quarter.

Floor & Decor Stock Performance

NYSE:FND traded down $1.80 during trading hours on Friday, reaching $81.85. The stock had a trading volume of 1,563,620 shares, compared to its average volume of 2,088,207. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25. The stock has a 50 day simple moving average of $80.59 and a 200 day simple moving average of $80.24. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $124.68. The stock has a market cap of $8.81 billion, a P/E ratio of 41.98, a price-to-earnings-growth ratio of 3.54 and a beta of 1.68.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the previous year, the business earned $0.52 earnings per share. The firm'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. On average, research analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FND. Mizuho dropped their target price on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Piper Sandler dropped their target price on Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a report on Friday, August 1st. Morgan Stanley dropped their target price on Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Evercore ISI dropped their target price on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a report on Tuesday, June 24th. Finally, Stifel Nicolaus dropped their target price on Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $88.56.

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.