Penn Capital Management Company LLC Buys 6,745 Shares of Floor & Decor Holdings, Inc. $FND

Key Points

• Penn Capital Management Company LLC increased its stake in Floor & Decor Holdings, Inc. by 114.7%, acquiring an additional 6,745 shares to hold a total of 12,625 shares valued at approximately $1,033,000.
• Analysts have recently adjusted their ratings and target prices for Floor & Decor, with the consensus rating now at "Hold" and a target price averaging $88.56, reflecting recent cuts from various firms.
• For the latest quarter, Floor & Decor reported earnings of $0.58 per share, exceeding analyst expectations, and announced fiscal year 2025 guidance of 1.750-2.000 EPS.

Penn Capital Management Company LLC boosted its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 114.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,625 shares of the company's stock after purchasing an additional 6,745 shares during the period. Penn Capital Management Company LLC's holdings in Floor & Decor were worth $1,033,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in Floor & Decor by 42.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock worth $41,000 after acquiring an additional 152 shares during the period. Commerce Bank grew its holdings in Floor & Decor by 3.7% during the 1st quarter. Commerce Bank now owns 4,712 shares of the company's stock worth $379,000 after acquiring an additional 168 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Floor & Decor by 2.4% during the 1st quarter. Crossmark Global Holdings Inc. now owns 7,428 shares of the company's stock worth $598,000 after acquiring an additional 171 shares during the period. Xponance Inc. grew its holdings in Floor & Decor by 1.2% during the 1st quarter. Xponance Inc. now owns 16,018 shares of the company's stock worth $1,289,000 after acquiring an additional 190 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in Floor & Decor by 0.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the company's stock worth $2,414,000 after acquiring an additional 200 shares during the period.

Floor & Decor Stock Performance

Shares of FND stock traded up $1.16 during trading hours on Thursday, hitting $83.69. 2,081,441 shares of the company were exchanged, compared to its average volume of 2,091,013. The firm has a fifty day simple moving average of $80.39 and a 200 day simple moving average of $80.35. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $124.68. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 42.92, a P/E/G ratio of 3.55 and a beta of 1.68.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the business posted $0.52 EPS. Floor & Decor's quarterly revenue 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. Research analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FND has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Floor & Decor from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Telsey Advisory Group reissued an "outperform" rating and set a $92.00 price objective on shares of Floor & Decor in a research report on Tuesday, August 12th. Piper Sandler cut their price objective on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a research report on Friday, August 1st. Mizuho cut their price objective on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Finally, Guggenheim cut their price objective on shares of Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.