Wellington Management Group LLP cut its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 13.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 438,392 shares of the company's stock after selling 67,407 shares during the period. Wellington Management Group LLP owned 0.41% of Floor & Decor worth $35,277,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Floor & Decor by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company's stock worth $818,665,000 after purchasing an additional 380,976 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Floor & Decor by 106.4% during the 1st 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 during the last quarter. Fisher Funds Management LTD increased its holdings in shares of Floor & Decor by 21.6% during the 1st 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 during the last quarter. Turtle Creek Asset Management Inc. increased its holdings in shares of Floor & Decor by 14.7% during the 4th 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 during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Floor & Decor by 12,208.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company's stock valued at $132,329,000 after acquiring an additional 1,316,484 shares during the last quarter.
Floor & Decor Stock Performance
FND traded down $1.80 during midday trading on Friday, reaching $81.85. The company's stock had a trading volume of 1,563,620 shares, compared to its average volume of 2,266,526. The stock has a market cap of $8.81 billion, a P/E ratio of 41.98, a PEG ratio of 3.51 and a beta of 1.68. The company has a fifty day simple moving average of $80.71 and a 200 day simple moving average of $80.03. 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 twelve month low of $66.01 and a twelve month high of $124.68.
Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm posted $0.52 EPS. The company's revenue was up 7.2% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.
Wall Street Analyst Weigh In
FND has been the topic of a number of analyst reports. Wall Street Zen lowered Floor & Decor from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Morgan Stanley lowered their price objective on Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Loop Capital lowered their price objective on Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a report on Tuesday, May 6th. Mizuho lowered their price objective on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Finally, Wells Fargo & Company lowered their price objective on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Five 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 an average rating of "Hold" and an average price target of $88.56.
Read Our Latest Research Report on Floor & Decor
About Floor & Decor
(
Free Report)
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.
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