AlTi Global Inc. Acquires Shares of 63,769 Floor & Decor Holdings, Inc. $FND

AlTi Global Inc. acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) during the second quarter, according to its most recent filing with the SEC. The firm acquired 63,769 shares of the company’s stock, valued at approximately $4,844,000.

A number of other large investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its position 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 purchasing an additional 152 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Floor & Decor in the 1st quarter worth $47,000. eCIO Inc. bought a new position in shares of Floor & Decor in the 1st quarter worth $62,000. First Horizon Advisors Inc. boosted its position 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 purchasing an additional 255 shares during the last quarter. Finally, WD Rutherford LLC bought a new position in shares of Floor & Decor in the 2nd quarter worth $73,000.

Floor & Decor Stock Performance

Shares of Floor & Decor stock opened at $71.22 on Friday. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 36.52, a price-to-earnings-growth ratio of 3.05 and a beta of 1.70. The stock’s 50-day moving average is $79.09 and its 200-day moving average is $77.32. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $122.90. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.28.

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

Analyst Ratings Changes

Several research firms have recently issued reports on FND. Weiss Ratings restated a “hold (c)” rating on shares of Floor & Decor in a research report on Wednesday, October 8th. Wolfe Research assumed coverage on Floor & Decor in a research report on Thursday, September 18th. They issued an “underperform” rating and a $76.00 price target on the stock. Guggenheim dropped their price objective 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. Evercore ISI dropped their price objective on Floor & Decor from $80.00 to $75.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 14th. Finally, Wall Street Zen downgraded Floor & Decor from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Floor & Decor currently has a consensus rating of “Hold” and an average target price of $87.24.

Floor & Decor 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.