Floor & Decor Holdings, Inc. $FND Shares Bought by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Floor & Decor Holdings by 32.7%, owning approximately 6.37% of the company with a valuation of $550 million after purchasing over 1.6 million shares in the 1st quarter.
• Multiple analysts have revised their price targets for Floor & Decor, with the average target now at $88.56, reflecting mixed ratings ranging from "Buy" to "Sell".
• Floor & Decor reported a quarterly earnings per share (EPS) of $0.58, exceeding analysts' estimates, and expects an EPS of 1.750-2.000 for FY 2025.

Price T Rowe Associates Inc. MD increased its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 32.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,837,665 shares of the company's stock after buying an additional 1,686,085 shares during the quarter. Price T Rowe Associates Inc. MD owned about 6.37% of Floor & Decor worth $550,228,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in Floor & Decor by 5.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company's stock valued at $22,255,000 after acquiring an additional 13,983 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Floor & Decor by 28.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company's stock valued at $255,000 after acquiring an additional 701 shares during the last quarter. Worldly Partners Management LLC grew its position in Floor & Decor by 5.5% in the 1st quarter. Worldly Partners Management LLC now owns 1,094,880 shares of the company's stock valued at $88,105,000 after acquiring an additional 57,500 shares during the last quarter. Davidson Kahn Capital Management LLC grew its position in Floor & Decor by 24.0% in the 1st quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company's stock valued at $2,446,000 after acquiring an additional 5,887 shares during the last quarter. Finally, Bridges Investment Management Inc. grew its position in Floor & Decor by 32.5% in the 1st quarter. Bridges Investment Management Inc. now owns 320,614 shares of the company's stock valued at $25,800,000 after acquiring an additional 78,626 shares during the last quarter.

Floor & Decor Stock Performance

FND traded down $0.01 on Wednesday, reaching $82.65. 1,946,623 shares of the stock were exchanged, compared to its average volume of 2,086,495. The company's 50-day moving average price is $80.21 and its 200 day moving average price is $80.33. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $124.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.28. The firm has a market capitalization of $8.90 billion, a PE ratio of 42.39, a PEG ratio of 3.56 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 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The firm's 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. As a group, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FND has been the topic of several research analyst reports. Guggenheim cut their price objective on Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Barclays decreased their target price on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Piper Sandler decreased their target price on Floor & Decor from $80.00 to $78.00 and set a "neutral" rating for the company in a research report on Friday, August 1st. Evercore ISI decreased their target price on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a research report on Tuesday, June 24th. Finally, Morgan Stanley decreased their target price on 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. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $88.56.

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.