Vaughan Nelson Investment Management L.P. Takes Position in Floor & Decor Holdings, Inc. $FND

Vaughan Nelson Investment Management L.P. bought a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 428,419 shares of the company’s stock, valued at approximately $32,543,000. Vaughan Nelson Investment Management L.P. owned approximately 0.40% of Floor & Decor at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Floor & Decor by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company’s stock valued at $818,665,000 after purchasing an additional 380,976 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Floor & Decor by 32.7% during the first 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 in the last quarter. Principal Financial Group Inc. boosted its stake in Floor & Decor by 106.4% during the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company’s stock worth $243,275,000 after acquiring an additional 1,558,409 shares in the last quarter. Timucuan Asset Management Inc. FL boosted its stake in Floor & Decor by 32.1% during the first 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 in the last quarter. Finally, Fisher Funds Management LTD boosted its stake in Floor & Decor by 21.6% during the first quarter. Fisher Funds Management LTD now owns 1,568,794 shares of the company’s stock worth $126,241,000 after acquiring an additional 279,087 shares in the last quarter.

Floor & Decor Stock Up 0.0%

FND opened at $73.69 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average price of $81.84 and a 200-day moving average price of $78.25. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $122.90. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 37.79, a PEG ratio of 3.16 and a beta of 1.70.

Floor & Decor (NYSE:FND) last announced its 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. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the company earned $0.52 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Equities research analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on FND. Guggenheim dropped their price objective 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. Piper Sandler dropped their price objective on shares of 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. Telsey Advisory Group reissued an “outperform” rating and set a $92.00 price objective on shares of Floor & Decor in a research note on Tuesday, August 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Floor & Decor in a report on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $88.63.

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.