Floor & Decor Holdings, Inc. $FND Shares Bought by Salvus Wealth Management LLC

Key Points

• Salvus Wealth Management LLC increased its stake in Floor & Decor by 12.9% in Q2, purchasing an additional 6,199 shares, now holding 54,109 shares valued at $4.11 million.
• Multiple institutions, including Northwestern Mutual and First Horizon Advisors, have significantly increased their stakes in Floor & Decor during the first quarter.
• Several analysts have lowered their price targets for Floor & Decor, with the consensus price target now at $87.82 and the stock rating averaging "Hold."

Salvus Wealth Management LLC boosted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 12.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,109 shares of the company's stock after buying an additional 6,199 shares during the quarter. Floor & Decor makes up about 2.4% of Salvus Wealth Management LLC's investment portfolio, making the stock its 13th largest holding. Salvus Wealth Management LLC owned approximately 0.05% of Floor & Decor worth $4,110,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of Floor & Decor by 85.0% during the second quarter. GAMMA Investing LLC now owns 2,396 shares of the company's stock valued at $182,000 after buying an additional 1,101 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Floor & Decor during the 2nd quarter valued at about $356,000. UMB Bank n.a. increased its stake in Floor & Decor by 31.5% during the 2nd quarter. UMB Bank n.a. now owns 1,362 shares of the company's stock worth $103,000 after buying an additional 326 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Floor & Decor by 6.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,379 shares of the company's stock valued at $277,000 after purchasing an additional 209 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Floor & Decor by 5.6% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,639 shares of the company's stock worth $200,000 after purchasing an additional 139 shares during the last quarter.

Analyst Upgrades and Downgrades

FND has been the topic of several research reports. Guggenheim dropped their price objective on Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Piper Sandler reduced their price target on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a research report on Friday, August 1st. Wolfe Research initiated coverage on shares of Floor & Decor in a research note on Thursday. They set an "underperform" rating and a $76.00 target price on the stock. Evercore ISI decreased their target price on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a research note on Tuesday, June 24th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $92.00 target price on shares of Floor & Decor in a research report on Tuesday, August 12th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Floor & Decor presently has an average rating of "Hold" and a consensus price target of $87.82.

Floor & Decor Stock Performance

FND traded down $2.25 during trading hours on Monday, hitting $81.12. The stock had a trading volume of 1,845,536 shares, compared to its average volume of 2,030,478. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $124.68. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08. The stock has a market cap of $8.74 billion, a PE ratio of 41.60, a price-to-earnings-growth ratio of 3.58 and a beta of 1.68. The company's fifty day simple moving average is $82.42 and its 200 day simple moving average is $78.84.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. The firm's revenue for the quarter 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 anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

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.