Jump Financial LLC Buys 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 increased its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 1,096.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,785 shares of the company's stock after acquiring an additional 47,457 shares during the period. Jump Financial LLC's holdings in Floor & Decor were worth $4,167,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Floor & Decor by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company's stock worth $818,665,000 after acquiring an additional 380,976 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 acquiring an additional 1,686,085 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Floor & Decor by 106.4% in the 1st 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 during the last quarter. Fisher Funds Management LTD raised its holdings in shares of Floor & Decor by 21.6% in the 1st 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 during the last quarter. Finally, Turtle Creek Asset Management Inc. raised its holdings in shares of Floor & Decor by 14.7% in the 4th 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 during the last quarter.

Wall Street Analysts Forecast Growth

FND has been the topic of a number of analyst reports. Piper Sandler lowered their target price on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a report on Friday, August 1st. Evercore ISI lowered their target price on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a report on Tuesday, June 24th. Guggenheim lowered 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. Morgan Stanley decreased their price objective on shares of Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $92.00 price objective on shares of Floor & Decor in a research note on Tuesday, August 12th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $88.56.

Floor & Decor Stock Down 2.1%

NYSE:FND traded down $1.80 on Friday, hitting $81.85. The stock had a trading volume of 1,563,620 shares, compared to its average volume of 2,162,877. 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 market cap of $8.81 billion, a P/E ratio of 41.98, a price-to-earnings-growth ratio of 3.51 and a beta of 1.68. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $124.68. The firm's fifty day simple moving average is $80.71 and its two-hundred day simple moving average is $79.90.

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 the consensus estimate 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 net margin of 4.59% and a return on equity of 9.36%. The company's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. 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.

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.