Floor & Decor Holdings, Inc. $FND Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in Floor & Decor to $35.28 million, holding 438,392 shares after selling 67,407 shares in the 1st quarter.
• Multiple institutional investors made recent changes to their positions in Floor & Decor, with First Horizon Advisors Inc. increasing their stake by 42.6%.
• Recent analyst ratings revealed a shift in outlook, with Loop Capital lowering their target price from $95 to $75 while also noting an average target price of $88.56 across analysts.

Wellington Management Group LLP lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 13.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 438,392 shares of the company's stock after selling 67,407 shares during the quarter. Wellington Management Group LLP owned 0.41% of Floor & Decor worth $35,277,000 as of its most recent filing with the SEC.

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 1st quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company's stock valued at $22,255,000 after buying an additional 13,983 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Floor & Decor by 28.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company's stock valued at $255,000 after buying an additional 701 shares during the period. Worldly Partners Management LLC boosted its stake in shares of Floor & Decor by 5.5% in the 1st quarter. Worldly Partners Management LLC now owns 1,094,880 shares of the company's stock valued at $88,105,000 after buying an additional 57,500 shares during the period. Davidson Kahn Capital Management LLC boosted its stake in shares of Floor & Decor by 24.0% in the 1st quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company's stock valued at $2,446,000 after buying an additional 5,887 shares during the period. Finally, Bridges Investment Management Inc. boosted its stake in shares of Floor & Decor by 32.5% in the 1st quarter. Bridges Investment Management Inc. now owns 320,614 shares of the company's stock valued at $25,800,000 after buying an additional 78,626 shares during the period.

Analyst Upgrades and Downgrades

FND has been the topic of several research analyst reports. Mizuho cut their target price on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Piper Sandler lowered 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. The Goldman Sachs Group lowered their target price on Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus decreased their price target on Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Guggenheim decreased their price target on Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Floor & Decor currently has an average rating of "Hold" and an average target price of $88.56.

Floor & Decor Price Performance

FND traded down $2.21 during trading on Friday, reaching $81.44. 732,156 shares of the stock were exchanged, compared to its average volume of 2,083,023. The business's 50 day moving average price is $80.59 and its two-hundred day moving average price is $80.24. 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 company has a market capitalization of $8.77 billion, a price-to-earnings ratio of 41.75, a P/E/G ratio of 3.54 and a beta of 1.68. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $124.68.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.58 earnings per share 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 company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. 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. As a group, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share 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.