Floor & Decor Holdings, Inc. $FND Holdings Raised 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 grew its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 32.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and 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 6.37% of Floor & Decor worth $550,228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. T. Rowe Price Investment Management Inc. boosted its stake in Floor & Decor by 252.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 120,038 shares of the company's stock valued at $9,660,000 after acquiring an additional 85,981 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in shares of Floor & Decor in the 1st quarter valued at about $253,000. Hsbc Holdings PLC lifted its position in shares of Floor & Decor by 475.9% during the first quarter. Hsbc Holdings PLC now owns 33,382 shares of the company's stock worth $2,684,000 after purchasing an additional 27,586 shares during the last quarter. Quantbot Technologies LP acquired a new position in Floor & Decor in the first quarter worth about $1,617,000. Finally, Northern Trust Corp grew its stake in Floor & Decor by 2.1% in the first quarter. Northern Trust Corp now owns 964,409 shares of the company's stock worth $77,606,000 after purchasing an additional 19,476 shares in the last quarter.

Floor & Decor Stock Performance

NYSE:FND traded up $0.34 during mid-day trading on Thursday, hitting $82.87. The stock had a trading volume of 675,204 shares, compared to its average volume of 2,082,052. 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 company has a 50 day simple moving average of $80.39 and a 200-day simple moving average of $80.35. The stock has a market capitalization of $8.92 billion, a price-to-earnings ratio of 42.42, a P/E/G ratio of 3.55 and a beta of 1.68. Floor & Decor Holdings, Inc. has a 52 week low of $66.01 and a 52 week 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 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The company 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%. Floor & Decor's revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on FND shares. Barclays cut their price objective on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Mizuho dropped their price target on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. The Goldman Sachs Group reduced their price objective on Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus decreased their price objective on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $92.00 target price on shares of Floor & Decor in a report on Tuesday, August 12th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Floor & Decor presently has an average rating of "Hold" and an average price target of $88.56.

Floor & Decor 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.