Quantbot Technologies LP Makes New $1.62 Million Investment in Floor & Decor Holdings, Inc. $FND

Key Points

• Quantbot Technologies LP made a new investment in Floor & Decor Holdings, acquiring approximately $1.62 million worth of 20,098 shares in the first quarter.
• Floor & Decor's stock has faced mixed analyst ratings, with five "Buy" ratings, nine "Hold" ratings, and two "Sell" ratings, while the average price target is $88.56.
• In its latest quarterly earnings report, Floor & Decor exceeded expectations with an EPS of $0.58, and revenue of $1.21 billion, marking a 7.2% increase year-over-year.

Quantbot Technologies LP acquired a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,098 shares of the company's stock, valued at approximately $1,617,000.

Several other large investors have also recently bought and sold shares of the business. Commerce Bank raised its holdings in Floor & Decor by 3.7% in the 1st quarter. Commerce Bank now owns 4,712 shares of the company's stock valued at $379,000 after acquiring an additional 168 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Floor & Decor by 2.4% in the first quarter. Crossmark Global Holdings Inc. now owns 7,428 shares of the company's stock valued at $598,000 after buying an additional 171 shares during the period. Xponance Inc. lifted its stake in shares of Floor & Decor by 1.2% in the 1st quarter. Xponance Inc. now owns 16,018 shares of the company's stock valued at $1,289,000 after acquiring an additional 190 shares during the last quarter. 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. Finally, MainStreet Investment Advisors LLC lifted its position in Floor & Decor by 6.9% in the 1st quarter. MainStreet Investment Advisors LLC now owns 3,407 shares of the company's stock valued at $274,000 after acquiring an additional 220 shares in the last quarter.

Floor & Decor Price Performance

Shares of NYSE:FND traded up $0.11 on Wednesday, reaching $82.77. 732,628 shares of the company were exchanged, compared to its average volume of 2,082,195. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 42.51, a price-to-earnings-growth ratio of 3.56 and a beta of 1.68. 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 moving average of $80.21 and a 200-day moving average of $80.33. 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 posted its quarterly earnings data on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm posted $0.52 earnings per share. The business's quarterly revenue was up 7.2% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Equities analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on FND shares. The Goldman Sachs Group cut their price target 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. Mizuho reduced their price target 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. 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 research note on Friday, May 2nd. Loop Capital reduced their price objective on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a research note on Tuesday, May 6th. Finally, Wall Street Zen lowered shares of Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.