Landscape Capital Management L.L.C. Sells 36,716 Shares of Floor & Decor Holdings, Inc. $FND

Key Points

• Landscape Capital Management L.L.C. reduced its stake in Floor & Decor Holdings, Inc. by 73.5%, selling 36,716 shares and retaining 13,216 shares worth approximately $1,063,000.
• Floor & Decor reported a quarterly earnings per share (EPS) of $0.58, exceeding analysts' estimates of $0.57, along with a 7.2% year-over-year revenue increase.
• Analysts have given the stock a consensus rating of "Hold" with a target price of $88.56, with five analysts rating it as a Buy and two as a Sell.

Landscape Capital Management L.L.C. reduced its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 73.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,216 shares of the company's stock after selling 36,716 shares during the period. Landscape Capital Management L.L.C.'s holdings in Floor & Decor were worth $1,063,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FND. Price T Rowe Associates Inc. MD boosted its holdings in Floor & Decor by 32.7% during 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 purchasing an additional 1,686,085 shares during the last quarter. Principal Financial Group Inc. grew its stake in Floor & Decor by 106.4% during the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock valued at $243,275,000 after acquiring an additional 1,558,409 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Floor & Decor by 12,208.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company's stock worth $132,329,000 after buying an additional 1,316,484 shares during the last quarter. Van Berkom & Associates Inc. purchased a new position in shares of Floor & Decor during the first quarter worth approximately $39,861,000. Finally, Two Sigma Investments LP purchased a new position in shares of Floor & Decor during the fourth quarter worth approximately $45,478,000.

Floor & Decor Stock Performance

NYSE FND traded up $4.21 on Thursday, hitting $82.71. 2,543,993 shares of the company traded hands, compared to its average volume of 2,126,602. The company has a market capitalization of $8.91 billion, a price-to-earnings ratio of 42.42, a P/E/G ratio of 3.37 and a beta of 1.68. 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 business's 50 day moving average price is $81.07 and its 200-day moving average price is $79.68. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $124.68.

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

Analysts Set New Price Targets

FND has been the subject of a number of research analyst reports. Piper Sandler dropped their price target on Floor & Decor from $80.00 to $78.00 and set a "neutral" rating for the company in a research note 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. Morgan Stanley reduced their price target 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. Guggenheim reduced their price target on shares of Floor & Decor from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, Wall Street Zen lowered shares of Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus 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.