Floor & Decor Holdings, Inc. $FND Shares Acquired by T. Rowe Price Investment Management Inc.

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.

T. Rowe Price Investment Management Inc. raised its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 252.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 120,038 shares of the company's stock after buying an additional 85,981 shares during the period. T. Rowe Price Investment Management Inc. owned about 0.11% of Floor & Decor worth $9,660,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Commerce Bank boosted its stake in shares of Floor & Decor by 3.7% during the 1st quarter. Commerce Bank now owns 4,712 shares of the company's stock worth $379,000 after acquiring an additional 168 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Floor & Decor by 2.4% during the 1st 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 in the last quarter. Xponance Inc. grew its position in shares of Floor & Decor by 1.2% during the first quarter. Xponance Inc. now owns 16,018 shares of the company's stock worth $1,289,000 after purchasing an additional 190 shares in 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 valued at $2,414,000 after buying an additional 200 shares in the last quarter. Finally, MainStreet Investment Advisors LLC grew its holdings in shares of Floor & Decor by 6.9% in the first quarter. MainStreet Investment Advisors LLC now owns 3,407 shares of the company's stock valued at $274,000 after purchasing an additional 220 shares in the last quarter.

Analyst Upgrades and Downgrades

FND has been the subject of several research reports. Piper Sandler lowered their price objective on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating for the company in a research report on Friday, August 1st. The Goldman Sachs Group cut their target price on Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a research report on Friday, May 2nd. Wall Street Zen lowered shares of Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Evercore ISI lowered 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 report on Tuesday, June 24th. Finally, Guggenheim reduced 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 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. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $88.56.

Floor & Decor Stock Down 2.1%

Shares of NYSE FND traded down $1.80 during trading hours on Friday, hitting $81.85. 1,563,620 shares of the stock were exchanged, compared to its average volume of 2,266,526. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $124.68. The company has a market cap of $8.81 billion, a PE ratio of 41.98, a PEG ratio of 3.51 and a beta of 1.68. 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 firm has a fifty day moving average price of $80.71 and a 200-day moving average price of $80.03.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.58 EPS for the quarter, topping 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 net margin of 4.59% and a return on equity of 9.36%. Floor & Decor's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, sell-side analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

About Floor & Decor

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.