JPMorgan Chase & Co. Sells 15,636 Shares of Floor & Decor Holdings, Inc. $FND

JPMorgan Chase & Co. lowered its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 1.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,461,629 shares of the company’s stock after selling 15,636 shares during the period. JPMorgan Chase & Co. owned 1.36% of Floor & Decor worth $111,025,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Floor & Decor by 3.9% in the first quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company’s stock valued at $818,665,000 after buying an additional 380,976 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Floor & Decor by 32.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company’s stock worth $550,228,000 after acquiring an additional 1,686,085 shares during the last quarter. Timucuan Asset Management Inc. FL increased its holdings in shares of Floor & Decor by 32.1% during the 1st quarter. Timucuan Asset Management Inc. FL now owns 2,366,458 shares of the company’s stock worth $190,429,000 after acquiring an additional 575,520 shares during the last quarter. Geode Capital Management LLC raised its stake in Floor & Decor by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,893,763 shares of the company’s stock valued at $143,874,000 after acquiring an additional 10,547 shares during the period. Finally, Northern Trust Corp lifted its holdings in Floor & Decor by 2.1% during the 1st quarter. Northern Trust Corp now owns 964,409 shares of the company’s stock valued at $77,606,000 after purchasing an additional 19,476 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FND shares. JPMorgan Chase & Co. decreased their price objective on shares of Floor & Decor from $94.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. The Goldman Sachs Group raised shares of Floor & Decor from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $80.00 to $71.00 in a report on Thursday, November 13th. Guggenheim decreased their price target on shares of Floor & Decor from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. Zacks Research upgraded shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Finally, Wolfe Research started coverage on Floor & Decor in a report on Thursday, September 18th. They set an “underperform” rating and a $76.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $83.95.

Insider Activity at Floor & Decor

In related news, President Bradley Paulsen purchased 5,000 shares of Floor & Decor stock in a transaction dated Monday, November 3rd. The shares were bought at an average cost of $60.27 per share, for a total transaction of $301,350.00. Following the purchase, the president owned 30,000 shares in the company, valued at approximately $1,808,100. This trade represents a 20.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.10% of the company’s stock.

Floor & Decor Trading Up 1.3%

Shares of FND opened at $64.95 on Friday. 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 Holdings, Inc. has a 52-week low of $55.11 and a 52-week high of $115.78. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 2.82 and a beta of 1.70. The business’s fifty day moving average is $68.03 and its 200-day moving average is $75.64.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.06. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.Floor & Decor’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 EPS. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. Equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

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.