Junto Capital Management LP Purchases 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 acquired a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 175,621 shares of the company's stock, valued at approximately $14,132,000. Junto Capital Management LP owned approximately 0.16% of Floor & Decor at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its holdings in shares of Floor & Decor by 5.3% during the first quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company's stock worth $22,255,000 after purchasing an additional 13,983 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Floor & Decor by 28.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company's stock worth $255,000 after purchasing an additional 701 shares during the last quarter. Worldly Partners Management LLC grew its holdings in shares of Floor & Decor by 5.5% during the first quarter. Worldly Partners Management LLC now owns 1,094,880 shares of the company's stock worth $88,105,000 after purchasing an additional 57,500 shares during the last quarter. Davidson Kahn Capital Management LLC grew its holdings in shares of Floor & Decor by 24.0% during the first quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company's stock worth $2,446,000 after purchasing an additional 5,887 shares during the last quarter. Finally, Bridges Investment Management Inc. grew its holdings in shares of Floor & Decor by 32.5% during the first quarter. Bridges Investment Management Inc. now owns 320,614 shares of the company's stock worth $25,800,000 after purchasing an additional 78,626 shares during the last quarter.

Floor & Decor Stock Down 0.8%

Floor & Decor stock traded down $0.60 during midday trading on Wednesday, reaching $78.44. The stock had a trading volume of 1,834,285 shares, compared to its average volume of 2,090,275. The firm's fifty day simple moving average is $80.88 and its 200-day simple moving average is $79.79. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $124.68. The stock has a market capitalization of $8.45 billion, a P/E ratio of 40.23, a price-to-earnings-growth ratio of 3.51 and a beta of 1.68. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Telsey Advisory Group reiterated an "outperform" rating and issued a $92.00 price target on shares of Floor & Decor in a report on Tuesday, August 12th. Wall Street Zen cut Floor & Decor from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Morgan Stanley decreased their price target 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. Piper Sandler decreased their price target on Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a report on Friday, August 1st. Finally, Loop Capital decreased their price target on Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a report on Tuesday, May 6th. Five 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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.