Russell Investments Group Ltd. Raises Stake in Floor & Decor Holdings, Inc. $FND

Key Points

• Russell Investments Group Ltd. increased its stake in Floor & Decor Holdings by 22.6% during the first quarter, owning approximately 0.10% of the company valued at $8.95 million.
• Floor & Decor reported $0.58 earnings per share (EPS) for the last quarter, slightly exceeding expectations, with a 7.2% increase in revenue year-over-year.
• Analyst ratings for Floor & Decor are mixed, with five analysts recommending a buy and a consensus price target of $88.56.

Russell Investments Group Ltd. lifted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 22.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 111,187 shares of the company's stock after purchasing an additional 20,532 shares during the quarter. Russell Investments Group Ltd. owned about 0.10% of Floor & Decor worth $8,946,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Zions Bancorporation National Association UT purchased a new stake in shares of Floor & Decor during the 1st quarter worth about $47,000. First Horizon Advisors Inc. boosted its holdings in Floor & Decor by 42.6% in the 1st quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock worth $69,000 after acquiring an additional 255 shares during the period. Signaturefd LLC boosted its holdings in Floor & Decor by 18.5% in the 1st quarter. Signaturefd LLC now owns 1,751 shares of the company's stock worth $141,000 after acquiring an additional 273 shares during the period. CWM LLC boosted its holdings in Floor & Decor by 67.6% in the 1st quarter. CWM LLC now owns 2,105 shares of the company's stock worth $169,000 after acquiring an additional 849 shares during the period. Finally, J.Safra Asset Management Corp boosted its holdings in Floor & Decor by 71.9% in the 1st quarter. J.Safra Asset Management Corp now owns 2,144 shares of the company's stock worth $173,000 after acquiring an additional 897 shares during the period.

Floor & Decor Stock Performance

FND stock opened at $84.8330 on Wednesday. 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 firm has a market cap of $9.14 billion, a P/E ratio of 43.50, a P/E/G ratio of 3.49 and a beta of 1.68. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $124.68. The stock's 50 day simple moving average is $79.35 and its 200 day simple moving average is $80.94.

Floor & Decor (NYSE:FND - Get Free Report) last posted 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 business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.The business's revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 EPS. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. As a group, equities research analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on FND. Mizuho decreased their price target on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Guggenheim decreased their price target on Floor & Decor from $100.00 to $90.00 and set a "buy" rating for the company in a report on Friday, August 1st. Barclays cut their target price on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Robert W. Baird cut their target price on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Finally, Piper Sandler cut their target price on Floor & Decor from $80.00 to $78.00 and set a "neutral" 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 issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.

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