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T. Rowe Price Investment Management Inc. Acquires 85,981 Shares of Floor & Decor Holdings, Inc. $FND

Floor & Decor logo with Retail/Wholesale background

Key Points

  • T. Rowe Price Investment Management Inc. significantly increased its holdings in Floor & Decor Holdings, Inc. by 252.5%, acquiring an additional 85,981 shares during the first quarter.
  • Analyst ratings for Floor & Decor show a mix of sentiment, with five analysts giving a Buy rating, nine a Hold rating, and two a Sell rating, alongside a consensus target price of $88.56.
  • In its latest earnings report, Floor & Decor posted a net margin of 4.59% and revenue of $1.21 billion, slightly exceeding expectations with earnings per share of $0.58.
  • Need better tools to track Floor & Decor? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

T. Rowe Price Investment Management Inc. boosted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 252.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 120,038 shares of the company's stock after buying an additional 85,981 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 0.11% of Floor & Decor worth $9,660,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in Floor & Decor by 5.3% during the first 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 grew its stake in shares of Floor & Decor by 28.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company's stock worth $255,000 after acquiring an additional 701 shares in the last quarter. Worldly Partners Management LLC grew its stake in 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 purchasing an additional 57,500 shares in the last quarter. Davidson Kahn Capital Management LLC grew its holdings in Floor & Decor by 24.0% during the 1st quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company's stock worth $2,446,000 after acquiring an additional 5,887 shares in the last quarter. Finally, Bridges Investment Management Inc. grew its holdings in 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 in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FND. Evercore ISI reduced their price objective on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a research report on Tuesday, June 24th. Morgan Stanley lowered their price target on shares of Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Guggenheim lowered their price objective on shares of Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Wall Street Zen cut shares of Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Finally, The Goldman Sachs Group reduced their target price on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a report on Friday, May 2nd. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $88.56.

Get Our Latest Stock Analysis on FND

Floor & Decor Stock Down 2.8%

Shares of NYSE:FND traded down $2.32 during mid-day trading on Friday, reaching $81.33. 812,099 shares of the stock were exchanged, compared to its average volume of 2,083,183. 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's 50 day simple moving average is $80.59 and its 200-day simple moving average is $80.24. The company has a market cap of $8.76 billion, a P/E ratio of 41.73, a P/E/G ratio of 3.54 and a beta of 1.68. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $124.68.

Floor & Decor (NYSE:FND - Get Free Report) last released 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. The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. 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.

About Floor & Decor

(Free Report)

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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Institutional Ownership by Quarter for Floor & Decor (NYSE:FND)

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