Penn Capital Management Company LLC Has $1.03 Million Stock Holdings in 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 increased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 114.7% in the first quarter, according to the company in its most recent filing with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position 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 buying an additional 1,686,085 shares during the last quarter. Principal Financial Group Inc. lifted its position 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 buying an additional 1,558,409 shares during 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 acquiring an additional 1,316,484 shares during the period. Van Berkom & Associates Inc. acquired a new stake in shares of Floor & Decor in the 1st quarter worth about $39,861,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Floor & Decor in the 4th quarter worth about $45,478,000.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FND. 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. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $92.00 price objective on shares of Floor & Decor in a research note on Tuesday, August 12th. Morgan Stanley lowered their price objective on shares of Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Loop Capital decreased their target price on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a report on Tuesday, May 6th. Finally, The Goldman Sachs Group decreased their target price on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a report on Friday, May 2nd. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Floor & Decor presently has a consensus rating of "Hold" and a consensus price target of $88.56.

Floor & Decor Stock Performance

FND stock traded down $1.98 on Friday, reaching $81.67. 502,666 shares of the company were exchanged, compared to its average volume of 2,081,578. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $124.68. The stock's fifty day moving average price is $80.59 and its 200 day moving average price is $80.24. The firm has a market capitalization of $8.80 billion, a PE ratio of 41.88, a PEG ratio of 3.54 and a beta of 1.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.28.

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 (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The business's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

About Floor & Decor

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.