Louisiana State Employees Retirement System Grows Stock Holdings in Floor & Decor Holdings, Inc. $FND

Louisiana State Employees Retirement System raised its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,300 shares of the company’s stock after buying an additional 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Floor & Decor were worth $2,302,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Floor & Decor by 42.0% during the first 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. Zions Bancorporation National Association UT purchased a new position in shares of Floor & Decor in the 1st quarter valued at approximately $47,000. eCIO Inc. purchased a new position in shares of Floor & Decor in the 1st quarter valued at approximately $62,000. First Horizon Advisors Inc. raised its position in shares of Floor & Decor by 42.6% in the 1st quarter. First Horizon Advisors Inc. now owns 853 shares of the company’s stock valued at $69,000 after purchasing an additional 255 shares during the last quarter. Finally, WD Rutherford LLC purchased a new position in shares of Floor & Decor in the 2nd quarter valued at approximately $73,000.

Floor & Decor Stock Performance

FND opened at $66.77 on Friday. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $122.90. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $7.19 billion, a PE ratio of 34.24, a P/E/G ratio of 2.97 and a beta of 1.70. The firm has a 50 day moving average of $80.95 and a two-hundred day moving average of $77.76.

Floor & Decor (NYSE:FND) last posted its quarterly 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. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. Floor & Decor’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $0.52 EPS. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on FND. Guggenheim decreased their price objective on shares of Floor & Decor from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Piper Sandler decreased their price objective on shares of Floor & Decor from $80.00 to $78.00 and set a “neutral” rating for the company in a research report on Friday, August 1st. Morgan Stanley decreased their price objective on shares of Floor & Decor from $105.00 to $97.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Wolfe Research began coverage on shares of Floor & Decor in a research report on Thursday, September 18th. They issued an “underperform” rating and a $76.00 price objective for the company. Finally, Citigroup reduced their price target on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and a consensus price target of $87.53.

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.