Timucuan Asset Management Inc. FL Increases Stock Holdings in Floor & Decor Holdings, Inc. $FND

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 increased its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 32.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,366,458 shares of the company's stock after purchasing an additional 575,520 shares during the quarter. Floor & Decor makes up approximately 5.9% of Timucuan Asset Management Inc. FL's portfolio, making the stock its 9th largest position. Timucuan Asset Management Inc. FL owned about 2.20% of Floor & Decor worth $190,429,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Floor & Decor by 3.9% during the first quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company's stock valued at $818,665,000 after acquiring an additional 380,976 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Floor & Decor by 32.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company's stock valued at $550,228,000 after acquiring an additional 1,686,085 shares in the last quarter. Principal Financial Group Inc. raised its position in Floor & Decor by 106.4% during the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock valued at $243,275,000 after acquiring an additional 1,558,409 shares in the last quarter. Fisher Funds Management LTD raised its position in Floor & Decor by 21.6% during the first quarter. Fisher Funds Management LTD now owns 1,568,794 shares of the company's stock valued at $126,241,000 after acquiring an additional 279,087 shares in the last quarter. Finally, Turtle Creek Asset Management Inc. raised its position in Floor & Decor by 14.7% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 1,371,683 shares of the company's stock valued at $136,757,000 after acquiring an additional 175,350 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Loop Capital cut their price objective on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a research report on Tuesday, May 6th. Guggenheim cut 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. Wall Street Zen lowered shares of Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $92.00 price objective on shares of Floor & Decor in a research report on Tuesday, August 12th. Finally, Evercore ISI cut their price objective on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a research report on Tuesday, June 24th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $88.56.

Floor & Decor Stock Performance

FND stock traded down $2.75 on Tuesday, reaching $79.17. 1,029,539 shares of the company were exchanged, compared to its average volume of 2,080,875. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $124.68. The stock's fifty day moving average price is $80.83 and its 200 day moving average price is $79.79. The firm has a market capitalization of $8.53 billion, a PE ratio of 40.64, a PEG ratio of 3.51 and a beta of 1.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.28.

Floor & Decor (NYSE:FND - Get Free Report) last announced its 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. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Floor & Decor's revenue 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, research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Floor & Decor Company 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.