Floor & Decor Holdings, Inc. $FND Shares Sold by Fred Alger Management LLC

Fred Alger Management LLC lowered its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 59.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,610 shares of the company’s stock after selling 18,208 shares during the quarter. Fred Alger Management LLC’s holdings in Floor & Decor were worth $1,015,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Floor & Decor by 42.0% during the 1st 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 during the last quarter. Commerce Bank raised its stake in Floor & Decor by 3.7% during the first quarter. Commerce Bank now owns 4,712 shares of the company’s stock valued at $379,000 after buying an additional 168 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Floor & Decor by 2.4% during the 1st quarter. Crossmark Global Holdings Inc. now owns 7,428 shares of the company’s stock worth $598,000 after buying an additional 171 shares during the last quarter. Xponance Inc. lifted its holdings in Floor & Decor by 1.2% during the 1st quarter. Xponance Inc. now owns 16,018 shares of the company’s stock worth $1,289,000 after buying an additional 190 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in shares of Floor & Decor by 0.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the company’s stock worth $2,414,000 after acquiring an additional 200 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FND. Piper Sandler reduced their price objective on Floor & Decor from $80.00 to $78.00 and set a “neutral” rating on the stock in a research note on Friday, August 1st. Wall Street Zen lowered shares of Floor & Decor from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Guggenheim cut their target price on shares of Floor & Decor from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Evercore ISI lowered their target price on Floor & Decor from $85.00 to $80.00 and set an “in-line” rating for the company in a report on Tuesday, June 24th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $92.00 price objective on shares of Floor & Decor in a research report on Tuesday, August 12th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $88.56.

Floor & Decor Trading Down 1.0%

Shares of Floor & Decor stock opened at $86.82 on Wednesday. The business has a fifty day simple moving average of $81.64 and a 200-day simple moving average of $79.40. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $124.68. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 44.52, a price-to-earnings-growth ratio of 3.76 and a beta of 1.68. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08.

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, topping analysts’ consensus estimates of $0.57 by $0.01. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company earned $0.52 earnings per share. Floor & Decor’s revenue was up 7.2% compared to the same quarter last year. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, equities analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

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.