United Services Automobile Association Makes New $562,000 Investment in Floor & Decor Holdings, Inc. $FND

Key Points

• United Services Automobile Association acquired 6,996 shares of Floor & Decor Holdings, valued at approximately $562,000, during the first quarter.
• Several large investors, including Wealth Enhancement Advisory Services and Davidson Kahn Capital Management, have also increased their holdings in Floor & Decor in the first quarter, indicating growing institutional interest.
• Floor & Decor reported a 7.2% increase in revenue year-over-year and exceeded earnings expectations for the last quarter, with earnings per share of $0.58 compared to the $0.57 consensus estimate.

United Services Automobile Association purchased a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,996 shares of the company's stock, valued at approximately $562,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in shares of Floor & Decor by 5.3% in 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 during the period. Wealth Enhancement Advisory Services LLC lifted its stake in 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 during the last quarter. Worldly Partners Management LLC lifted its stake in Floor & Decor by 5.5% in the first 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 last quarter. Davidson Kahn Capital Management LLC lifted its stake in Floor & Decor by 24.0% in the first 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 during the last quarter. Finally, Bridges Investment Management Inc. lifted its stake in Floor & Decor by 32.5% in the first 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 last quarter.

Floor & Decor Price Performance

Shares of NYSE:FND traded down $1.56 on Friday, reaching $88.86. 1,761,564 shares of the company were exchanged, compared to its average volume of 2,185,202. 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 Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $124.68. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 45.57, a price-to-earnings-growth ratio of 3.88 and a beta of 1.68. The company has a 50-day moving average of $81.99 and a 200-day moving average of $79.15.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.58 EPS for the quarter, topping 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 business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the firm earned $0.52 EPS. The business'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. Equities analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FND has been the subject of several recent analyst reports. Guggenheim reduced their price objective 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. Morgan Stanley reduced their price target on shares of Floor & Decor from $105.00 to $97.00 and set an "equal weight" 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 note on Friday, June 27th. Evercore ISI dropped 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 note on Tuesday, June 24th. Finally, Piper Sandler dropped their price objective on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a research note on Friday, August 1st. Five equities research 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, Floor & Decor presently has a consensus rating of "Hold" and an average target price of $88.56.

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.