Corebridge Financial Inc. Sells 2,911 Shares of Floor & Decor Holdings, Inc. $FND

Corebridge Financial Inc. decreased its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 2.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 118,848 shares of the company’s stock after selling 2,911 shares during the quarter. Corebridge Financial Inc.’s holdings in Floor & Decor were worth $9,564,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FND. Price T Rowe Associates Inc. MD increased its holdings in shares of Floor & Decor by 32.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company’s stock worth $550,228,000 after purchasing an additional 1,686,085 shares during the period. 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 worth $243,275,000 after purchasing an additional 1,558,409 shares during the period. D. E. Shaw & Co. Inc. raised its position in Floor & Decor by 12,208.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company’s stock worth $132,329,000 after purchasing an additional 1,316,484 shares in the last quarter. Van Berkom & Associates Inc. acquired a new position in Floor & Decor in the first quarter worth about $39,861,000. Finally, Two Sigma Investments LP acquired a new position in Floor & Decor in the fourth quarter worth about $45,478,000.

Floor & Decor Price Performance

Shares of Floor & Decor stock opened at $82.65 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 42.39, a P/E/G ratio of 3.55 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. The firm’s 50-day moving average price is $80.39 and its two-hundred day moving average price is $80.35.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, equities analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FND has been the subject of several recent research reports. Mizuho dropped their price target on shares of Floor & Decor from $100.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd. Telsey Advisory Group reissued an “outperform” rating and issued a $92.00 price target on shares of Floor & Decor in a research report on Tuesday, August 12th. The Goldman Sachs Group dropped their price target on shares of Floor & Decor from $81.00 to $70.00 and set a “sell” rating for the company in a research report on Friday, May 2nd. Guggenheim dropped their price target 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. Finally, Stifel Nicolaus dropped their price target on shares of Floor & Decor from $110.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.