Junto Capital Management LP Acquires Shares of 175,621 Floor & Decor Holdings, Inc. $FND

Key Points

• Junto Capital Management LP has acquired 175,621 shares of Floor & Decor Holdings, Inc. valued at approximately $14.1 million, making it a significant new stakeholder in the company.
• Analyst reports have led to multiple price target reductions for Floor & Decor, with Mizuho lowering its target from $100 to $80, while the consensus rating remains a "Hold" at a target of $88.56.
• Floor & Decor reported a 7.2% year-over-year revenue increase, posting $1.21 billion in revenue and an EPS of $0.58, which slightly beat forecasts.

Junto Capital Management LP bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 175,621 shares of the company's stock, valued at approximately $14,132,000. Junto Capital Management LP owned 0.16% of Floor & Decor as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Floor & Decor by 3.9% during 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Floor & Decor by 32.7% during 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 in the last quarter. Principal Financial Group Inc. lifted its position in Floor & Decor by 106.4% during 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 in the last quarter. Timucuan Asset Management Inc. FL lifted its position in Floor & Decor by 32.1% during the 1st quarter. Timucuan Asset Management Inc. FL now owns 2,366,458 shares of the company's stock worth $190,429,000 after acquiring an additional 575,520 shares in the last quarter. Finally, Fisher Funds Management LTD lifted its position in Floor & Decor by 21.6% during 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 in the last quarter.

Floor & Decor Price Performance

Shares of NYSE FND traded up $4.22 during midday trading on Thursday, reaching $82.72. The company's stock had a trading volume of 1,110,372 shares, compared to its average volume of 2,083,521. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average price of $80.93 and a 200 day moving average price of $79.78. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $124.68. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 42.44, a price-to-earnings-growth ratio of 3.51 and a beta of 1.68.

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 analysts' consensus estimates of $0.57 by $0.01. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. The business's quarterly revenue was up 7.2% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, equities research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on FND shares. Wall Street Zen lowered Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Piper Sandler lowered their price target on Floor & Decor from $80.00 to $78.00 and set a "neutral" rating for the company in a report on Friday, August 1st. Evercore ISI lowered their price target on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a report on Tuesday, June 24th. Guggenheim cut their target price on Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Finally, Telsey Advisory Group restated an "outperform" rating and set a $92.00 price target on shares of Floor & Decor in a research report 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 given a Sell rating to the company. According to data from MarketBeat.com, Floor & Decor has a consensus rating of "Hold" and an average price target of $88.56.

Floor & Decor 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.