Floor & Decor Holdings, Inc. $FND Holdings Boosted by Versor Investments LP

Key Points

• Versor Investments LP increased its stake in Floor & Decor Holdings by 174.9%, owning 36,600 shares worth approximately $2.94 million, making it the fund's 19th biggest position.
• Floor & Decor's latest quarterly results showed $0.58 earnings per share, exceeding analysts' expectations, with revenue up 7.2% year-over-year.
• Analysts have mixed outlooks on the stock, with target prices ranging from $75 to $110, and a consensus rating of "Hold".

Versor Investments LP boosted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 174.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,600 shares of the company's stock after purchasing an additional 23,288 shares during the quarter. Floor & Decor makes up 0.5% of Versor Investments LP's portfolio, making the stock its 19th biggest holding. Versor Investments LP's holdings in Floor & Decor were worth $2,945,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FND. Renaissance Technologies LLC purchased a new stake in shares of Floor & Decor in the 4th quarter worth about $1,236,000. Townsquare Capital LLC raised its position in Floor & Decor by 196.3% during the fourth quarter. Townsquare Capital LLC now owns 5,413 shares of the company's stock worth $540,000 after acquiring an additional 3,586 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Floor & Decor in the fourth quarter valued at about $432,000. Capital International Investors grew its position in shares of Floor & Decor by 26.1% in the fourth quarter. Capital International Investors now owns 1,341,626 shares of the company's stock valued at $133,760,000 after purchasing an additional 277,826 shares during the last quarter. Finally, Forum Financial Management LP purchased a new position in shares of Floor & Decor during the 4th quarter worth approximately $202,000.

Floor & Decor Trading Up 9.5%

FND stock traded up $7.6630 on Friday, hitting $88.5330. 2,560,007 shares of the company were exchanged, compared to its average volume of 2,081,117. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.28. The stock has a market capitalization of $9.53 billion, a price-to-earnings ratio of 45.42, a price-to-earnings-growth ratio of 3.52 and a beta of 1.68. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $124.68. The business's fifty day moving average is $79.57 and its two-hundred day moving average is $80.84.

Floor & Decor (NYSE:FND - Get Free Report) last issued 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 return on equity of 9.36% and a net margin of 4.59%.The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter in the previous year, the business earned $0.52 EPS. The company's revenue for the quarter was up 7.2% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. As a group, research analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FND. Piper Sandler reduced their target price on Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a research note on Friday, August 1st. Wall Street Zen cut Floor & Decor from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Evercore ISI decreased their price objective on 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. Wells Fargo & Company cut their target price on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, Morgan Stanley reduced their target price on shares of Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Five equities 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $88.56.

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.