Floor & Decor Holdings, Inc. $FND Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,428 shares of the company’s stock after acquiring an additional 175 shares during the period. Venturi Wealth Management LLC’s holdings in Floor & Decor were worth $260,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FND. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Floor & Decor by 42.0% in the 1st 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 stake in shares of Floor & Decor in the 1st quarter worth about $47,000. eCIO Inc. acquired a new stake in shares of Floor & Decor in the 1st quarter worth about $62,000. First Horizon Advisors Inc. increased its holdings in shares of Floor & Decor by 42.6% in the 1st 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. Finally, WD Rutherford LLC acquired a new stake in shares of Floor & Decor in the 2nd quarter worth about $73,000.

Floor & Decor Stock Performance

NYSE:FND opened at $66.77 on Friday. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $122.90. 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 company has a 50-day moving average of $80.95 and a 200-day moving average of $77.76. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 2.97 and a beta of 1.70.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm posted $0.52 EPS. The business’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. Analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on FND shares. Evercore ISI dropped their price objective on shares of Floor & Decor from $85.00 to $80.00 and set an “in-line” rating on the stock in a report on Tuesday. Morgan Stanley decreased their target price 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. Citigroup decreased their target price on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Floor & Decor in a research report on Wednesday. Finally, Piper Sandler decreased their target price on shares of Floor & Decor from $80.00 to $78.00 and set a “neutral” rating for the company in a research report on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.53.

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.