Sequoia Financial Advisors LLC Buys Shares of 3,627 Floor & Decor Holdings, Inc. $FND

Sequoia Financial Advisors LLC bought a new stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,627 shares of the company's stock, valued at approximately $276,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings 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 purchasing an additional 13,983 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings 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 purchasing an additional 701 shares in the last quarter. Worldly Partners Management LLC lifted its holdings in shares of Floor & Decor by 5.5% during the 1st quarter. Worldly Partners Management LLC now owns 1,094,880 shares of the company's stock worth $88,105,000 after acquiring an additional 57,500 shares during the period. Bridges Investment Management Inc. lifted its holdings in shares of Floor & Decor by 32.5% during the 1st quarter. Bridges Investment Management Inc. now owns 320,614 shares of the company's stock worth $25,800,000 after acquiring an additional 78,626 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Floor & Decor by 94.3% during the 1st quarter. Deutsche Bank AG now owns 27,376 shares of the company's stock worth $2,203,000 after acquiring an additional 13,290 shares during the period.

Floor & Decor Trading Down 1.7%

NYSE FND opened at $71.30 on Thursday. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $122.90. The company's 50 day moving average price is $79.31 and its 200 day moving average price is $77.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 3.11 and a beta of 1.70.

Floor & Decor (NYSE:FND - Get Free Report) last posted 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. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The firm 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. Floor & Decor's revenue for the quarter 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. On average, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Wall Street Analyst Weigh In

FND has been the topic of several recent analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Floor & Decor in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Floor & Decor from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Telsey Advisory Group reiterated an "outperform" rating and set a $92.00 price objective on shares of Floor & Decor in a report on Tuesday, August 12th. Morgan Stanley cut their price objective on shares of Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Finally, Wolfe Research initiated coverage on shares of Floor & Decor in a report on Thursday, September 18th. They set an "underperform" rating and a $76.00 price objective on the stock. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $87.24.

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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