ST Germain D J Co. Inc. Buys 10,149 Shares of Floor & Decor Holdings, Inc. $FND

ST Germain D J Co. Inc. raised its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 4.0% during the third quarter, HoldingsChannel.com reports. The fund owned 261,305 shares of the company’s stock after acquiring an additional 10,149 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Floor & Decor were worth $19,258,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Floor & Decor by 5.6% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,639 shares of the company’s stock valued at $200,000 after purchasing an additional 139 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Floor & Decor by 42.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock valued at $41,000 after buying an additional 152 shares in the last quarter. MainStreet Investment Advisors LLC grew its stake in Floor & Decor by 4.7% during the second quarter. MainStreet Investment Advisors LLC now owns 3,567 shares of the company’s stock worth $271,000 after buying an additional 160 shares during the last quarter. Signaturefd LLC grew its stake in Floor & Decor by 9.5% during the second quarter. Signaturefd LLC now owns 1,917 shares of the company’s stock worth $146,000 after buying an additional 166 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Floor & Decor by 5.4% during the second quarter. Venturi Wealth Management LLC now owns 3,428 shares of the company’s stock worth $260,000 after buying an additional 175 shares in the last quarter.

Floor & Decor Stock Down 1.3%

Shares of FND opened at $61.42 on Wednesday. The business’s fifty day moving average price is $64.61 and its two-hundred day moving average price is $74.42. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 2.71 and a beta of 1.75. Floor & Decor Holdings, Inc. has a 52 week low of $55.11 and a 52 week high of $110.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.06. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. On average, analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Ratings Changes

FND has been the topic of several recent analyst reports. Wall Street Zen downgraded Floor & Decor from a “hold” rating to a “sell” rating in a report on Sunday, November 9th. Telsey Advisory Group reissued an “outperform” rating and issued a $92.00 price objective on shares of Floor & Decor in a research note on Friday, October 31st. JPMorgan Chase & Co. decreased their target price on Floor & Decor from $94.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Stifel Nicolaus lowered their target price on Floor & Decor from $92.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Wolfe Research began coverage on shares of Floor & Decor in a research report on Thursday, September 18th. They set an “underperform” rating and a $76.00 price target on the stock. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $83.85.

Insider Transactions at Floor & Decor

In other Floor & Decor news, President Bradley Paulsen bought 5,000 shares of Floor & Decor stock in a transaction dated Monday, November 3rd. The shares were bought at an average price of $60.27 per share, with a total value of $301,350.00. Following the purchase, the president owned 30,000 shares of the company’s stock, valued at $1,808,100. This trade represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.90% of the company’s stock.

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.