Fort Washington Investment Advisors Inc. OH Purchases 62,207 Shares of Floor & Decor Holdings, Inc. $FND

Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 36.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 234,504 shares of the company’s stock after buying an additional 62,207 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Floor & Decor were worth $17,813,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in Floor & Decor by 42.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock valued at $41,000 after acquiring an additional 152 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Floor & Decor during the first quarter valued at $47,000. eCIO Inc. bought a new position in shares of Floor & Decor in the first quarter worth about $62,000. First Horizon Advisors Inc. increased its stake in 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 buying an additional 255 shares during the period. Finally, WD Rutherford LLC bought a new stake in Floor & Decor during the 2nd quarter valued at about $73,000.

Floor & Decor Stock Down 0.6%

Shares of NYSE FND opened at $76.48 on Monday. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $124.68. The stock’s fifty day simple moving average is $82.40 and its two-hundred day simple moving average is $78.55. The stock has a market capitalization of $8.24 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 3.28 and a beta of 1.68. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.58 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the business posted $0.52 EPS. The firm’s quarterly 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. As a group, analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on FND. Evercore ISI dropped their target price on shares of Floor & Decor from $90.00 to $85.00 and set an “in-line” rating on the stock in a research note on Tuesday, September 23rd. Guggenheim lowered their price target on Floor & Decor from $100.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 1st. Morgan Stanley reduced their price objective on Floor & Decor from $105.00 to $97.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Piper Sandler decreased their target price on Floor & Decor from $80.00 to $78.00 and set a “neutral” rating for the company in a research report on Friday, August 1st. Finally, Wolfe Research started coverage on Floor & Decor in a research report on Thursday, September 18th. They set an “underperform” rating and a $76.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $88.63.

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.