Versor Investments LP Sells 24,500 Shares of Floor & Decor Holdings, Inc. $FND

Versor Investments LP reduced its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 66.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,100 shares of the company’s stock after selling 24,500 shares during the quarter. Versor Investments LP’s holdings in Floor & Decor were worth $919,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in Floor & Decor by 5.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company’s stock valued at $22,255,000 after buying an additional 13,983 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Floor & Decor during the 2nd quarter valued at $276,000. Wealth Enhancement Advisory Services LLC raised its holdings in Floor & Decor by 28.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company’s stock valued at $255,000 after buying an additional 701 shares during the last quarter. Bridges Investment Management Inc. raised its holdings in Floor & Decor by 32.5% during the 1st quarter. Bridges Investment Management Inc. now owns 320,614 shares of the company’s stock valued at $25,800,000 after buying an additional 78,626 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in Floor & Decor by 94.3% during the 1st quarter. Deutsche Bank AG now owns 27,376 shares of the company’s stock valued at $2,203,000 after buying an additional 13,290 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently commented on FND shares. Cowen set a $77.00 price target on shares of Floor & Decor in a report on Friday. Citigroup decreased their price objective on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. UBS Group decreased their price objective on shares of Floor & Decor from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Friday. Zacks Research lowered shares of Floor & Decor from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Finally, Wolfe Research assumed coverage on shares of Floor & Decor in a report on Thursday, September 18th. They issued an “underperform” rating and a $76.00 price objective for the company. Five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $84.65.

Floor & Decor Stock Down 3.7%

NYSE:FND opened at $62.63 on Monday. The firm’s 50-day moving average price is $77.35 and its 200-day moving average price is $77.24. The company has a market capitalization of $6.74 billion, a PE ratio of 31.32, a P/E/G ratio of 2.62 and a beta of 1.70. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.27 and a quick ratio of 0.34. Floor & Decor Holdings, Inc. has a 1-year low of $61.77 and a 1-year high of $122.90.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, October 30th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. On average, equities analysts predict 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.