Floor & Decor Holdings, Inc. $FND Stake Boosted by Timucuan Asset Management Inc. FL

Key Points

• Timucuan Asset Management Inc. FL increased its holdings in Floor & Decor Holdings, Inc. by 32.1%, acquiring 575,520 additional shares to reach a total of 2,366,458 shares.
• Floor & Decor reported a 7.2% increase in revenue year-over-year, with earnings per share of $0.58, surpassing analysts' expectations.
• Several institutional investors, including Price T Rowe Associates Inc. MD and Principal Financial Group Inc., significantly increased their positions in Floor & Decor during the first quarter.

Timucuan Asset Management Inc. FL grew its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 32.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,366,458 shares of the company's stock after acquiring an additional 575,520 shares during the period. Floor & Decor accounts for 5.9% of Timucuan Asset Management Inc. FL's holdings, making the stock its 9th biggest holding. Timucuan Asset Management Inc. FL owned about 2.20% of Floor & Decor worth $190,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its stake in Floor & Decor by 42.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock worth $41,000 after acquiring an additional 152 shares in the last quarter. Commerce Bank lifted its position in shares of Floor & Decor by 3.7% in the 1st quarter. Commerce Bank now owns 4,712 shares of the company's stock worth $379,000 after purchasing an additional 168 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of Floor & Decor by 2.4% in the 1st quarter. Crossmark Global Holdings Inc. now owns 7,428 shares of the company's stock worth $598,000 after purchasing an additional 171 shares during the period. Xponance Inc. lifted its position in shares of Floor & Decor by 1.2% in the 1st quarter. Xponance Inc. now owns 16,018 shares of the company's stock worth $1,289,000 after purchasing an additional 190 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in shares of Floor & Decor by 0.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the company's stock worth $2,414,000 after purchasing an additional 200 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FND shares. Loop Capital lowered their price target on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a research report on Tuesday, May 6th. Piper Sandler lowered their price target 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. Guggenheim lowered their price target on shares of Floor & Decor from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Wall Street Zen cut shares of Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $92.00 price target on shares of Floor & Decor in a research report on Tuesday, August 12th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Floor & Decor currently has an average rating of "Hold" and a consensus price target of $88.56.

Floor & Decor Stock Performance

Shares of NYSE FND traded down $1.80 during midday trading on Monday, reaching $81.85. The company had a trading volume of 1,563,620 shares, compared to its average volume of 2,162,877. The business's 50-day simple moving average is $80.71 and its 200 day simple moving average is $79.90. The stock has a market cap of $8.81 billion, a P/E ratio of 41.98, a P/E/G ratio of 3.51 and a beta of 1.68. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $124.68. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08.

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, topping analysts' consensus estimates of $0.57 by $0.01. The business 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%. The business's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal 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.