Floor & Decor Holdings, Inc. $FND Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 7.0% in the second quarter, HoldingsChannel reports. The fund owned 97,991 shares of the company’s stock after purchasing an additional 6,380 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Floor & Decor were worth $7,443,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FND. Vanguard Group Inc. lifted its position in Floor & Decor by 3.9% in the first quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company’s stock worth $818,665,000 after purchasing an additional 380,976 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Floor & Decor by 32.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company’s stock valued at $550,228,000 after buying an additional 1,686,085 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Floor & Decor by 106.4% in the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company’s stock valued at $243,275,000 after buying an additional 1,558,409 shares during the period. Timucuan Asset Management Inc. FL lifted its holdings in shares of Floor & Decor by 32.1% in the first quarter. Timucuan Asset Management Inc. FL now owns 2,366,458 shares of the company’s stock valued at $190,429,000 after buying an additional 575,520 shares during the period. Finally, Fisher Funds Management LTD lifted its holdings in shares of Floor & Decor by 21.6% in the first quarter. Fisher Funds Management LTD now owns 1,568,794 shares of the company’s stock valued at $126,241,000 after buying an additional 279,087 shares during the period.

Floor & Decor Stock Up 0.1%

Shares of NYSE:FND opened at $72.54 on Tuesday. The firm has a 50 day simple moving average of $78.69 and a 200 day simple moving average of $77.36. The company has a market cap of $7.81 billion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 3.11 and a beta of 1.70. Floor & Decor Holdings, Inc. has a 52 week low of $66.01 and a 52 week high of $122.90. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $1.21 billion during 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 revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. As a group, research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analysts Set New Price Targets

FND has been the subject of a number of research analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $92.00 price target on shares of Floor & Decor in a report on Tuesday, August 12th. UBS Group cut their target price on shares of Floor & Decor from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday. Morgan Stanley cut 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 note on Friday, August 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Floor & Decor in a research report on Wednesday, October 8th. Finally, Guggenheim cut their price objective on Floor & Decor from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $86.83.

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.