66,108 Shares in Floor & Decor Holdings, Inc. $FND Bought by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. has acquired a position in Floor & Decor Holdings, purchasing 66,108 shares valued at approximately $5.32 million in the first quarter.
• Floor & Decor's stock opened at $81.85 and has seen a 2.1% decline recently, with a market capitalization of $8.81 billion.
• The company reported $1.21 billion in revenue for the last quarter, with earnings per share slightly above analyst expectations at $0.58.

Maverick Capital Ltd. bought a new stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 66,108 shares of the company's stock, valued at approximately $5,320,000. Maverick Capital Ltd. owned about 0.06% of Floor & Decor at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FND. Vanguard Group Inc. lifted its stake 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 valued at $818,665,000 after purchasing an additional 380,976 shares during the period. 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. Timucuan Asset Management Inc. FL increased its stake in Floor & Decor by 32.1% in the 1st quarter. Timucuan Asset Management Inc. FL now owns 2,366,458 shares of the company's stock valued at $190,429,000 after buying an additional 575,520 shares during the last quarter. Finally, Fisher Funds Management LTD increased its stake in Floor & Decor by 21.6% in the 1st quarter. Fisher Funds Management LTD now owns 1,568,794 shares of the company's stock valued at $126,241,000 after buying an additional 279,087 shares during the last quarter.

Floor & Decor Stock Up 5.7%

NYSE:FND traded up $4.72 during trading hours on Friday, reaching $87.47. 3,593,487 shares of the company traded hands, compared to its average volume of 2,101,860. The stock has a market capitalization of $9.42 billion, a P/E ratio of 44.85, 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 two-hundred day moving average price is $79.68. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $124.68.

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. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. 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.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Telsey Advisory Group restated an "outperform" rating and issued a $92.00 price objective on shares of Floor & Decor in a research note on Tuesday, August 12th. Evercore ISI dropped their price objective 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. Wall Street Zen lowered shares of Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. 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 report on Friday, August 1st. Finally, Guggenheim dropped their price objective on shares of Floor & Decor from $100.00 to $90.00 and set a "buy" rating for the company in a report on Friday, August 1st. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.