Nuveen LLC Acquires New Position in Floor & Decor Holdings, Inc. $FND

Key Points

• Nuveen LLC acquired a new stake in Floor & Decor Holdings, purchasing 201,407 shares valued at approximately $16.2 million during the first quarter.
• Floor & Decor reported an earnings per share (EPS) of $0.58 for the last quarter, surpassing analysts' expectations and showing a revenue growth of 7.2% year-over-year.
• Recent analyst ratings have varied, with five analysts rating the stock as a Buy and a recent consensus price target around $88.56.

Nuveen LLC purchased a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 201,407 shares of the company's stock, valued at approximately $16,207,000. Nuveen LLC owned approximately 0.19% of Floor & Decor at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FND. Zions Bancorporation National Association UT bought a new stake in shares of Floor & Decor during the 1st quarter worth about $47,000. First Horizon Advisors Inc. raised its holdings in shares of Floor & Decor by 42.6% in the 1st quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock worth $69,000 after purchasing an additional 255 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Floor & Decor by 18.5% in the 1st quarter. Signaturefd LLC now owns 1,751 shares of the company's stock worth $141,000 after purchasing an additional 273 shares in the last quarter. CWM LLC raised its holdings in shares of Floor & Decor by 67.6% in the 1st quarter. CWM LLC now owns 2,105 shares of the company's stock worth $169,000 after purchasing an additional 849 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its holdings in shares of Floor & Decor by 71.9% in the 1st quarter. J.Safra Asset Management Corp now owns 2,144 shares of the company's stock worth $173,000 after purchasing an additional 897 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Stifel Nicolaus dropped their target price on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Loop Capital dropped their target price on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a report on Tuesday, May 6th. Mizuho dropped their target price on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Guggenheim dropped 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. Finally, Piper Sandler dropped 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. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $88.56.

Floor & Decor Trading Down 0.4%

Shares of Floor & Decor stock traded down $0.31 during trading on Tuesday, hitting $82.66. The stock had a trading volume of 2,129,328 shares, compared to its average volume of 2,270,193. The stock has a 50 day simple moving average of $80.21 and a 200 day simple moving average of $80.33. The company has a market capitalization of $8.90 billion, a PE ratio of 42.39, a P/E/G ratio of 3.56 and a beta of 1.68. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08. 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 released its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $1.21 billion for 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 period last year, the firm posted $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal 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.