4,973 Shares in Floor & Decor Holdings, Inc. $FND Acquired by Vancity Investment Management Ltd

Key Points

• Vancity Investment Management Ltd has acquired a new stake in Floor & Decor Holdings, purchasing 4,973 shares valued at approximately $400,000 during the 1st quarter.
• Floor & Decor reported a quarterly earnings increase, posting $0.58 EPS, exceeding analysts' estimates, with revenue of $1.21 billion, up 7.2% year-over-year.
• Research analysts have mixed ratings for Floor & Decor, with a consensus rating of "Hold" and a target price averaging $88.56.

Vancity Investment Management Ltd purchased a new stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,973 shares of the company's stock, valued at approximately $400,000.

Other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Floor & Decor by 42.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock worth $41,000 after acquiring an additional 152 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of Floor & Decor in the first quarter worth about $47,000. First Horizon Advisors Inc. raised its position in shares of Floor & Decor by 42.6% in the first quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock worth $69,000 after acquiring an additional 255 shares during the period. Quarry LP raised its position in shares of Floor & Decor by 283.0% in the first quarter. Quarry LP now owns 1,421 shares of the company's stock worth $114,000 after acquiring an additional 1,050 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Floor & Decor by 24.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,539 shares of the company's stock worth $124,000 after acquiring an additional 298 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FND. Morgan Stanley decreased their price objective 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. Guggenheim decreased their price target 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 lowered shares of Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $92.00 price target on shares of Floor & Decor in a research note on Tuesday, August 12th. Finally, Piper Sandler decreased their price target 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 given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $88.56.

Floor & Decor Price Performance

FND stock traded down $1.56 during mid-day trading on Friday, reaching $88.86. The company's stock had a trading volume of 1,761,564 shares, compared to its average volume of 2,185,202. The stock has a market cap of $9.57 billion, a PE ratio of 45.57, a P/E/G ratio of 3.88 and a beta of 1.68. 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 Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $124.68. The company's 50 day moving average is $81.99 and its two-hundred day moving average is $79.31.

Floor & Decor (NYSE:FND - Get Free Report) last announced 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 the consensus estimate of $1.21 billion. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The business's revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 EPS. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Equities research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current 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.