Bradley Paulsen Acquires 5,000 Shares of Floor & Decor (NYSE:FND) Stock

Floor & Decor Holdings, Inc. (NYSE:FND) President Bradley Paulsen bought 5,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $60.27 per share, for a total transaction of $301,350.00. Following the completion of the purchase, the president directly owned 30,000 shares in the company, valued at approximately $1,808,100. The trade was a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Floor & Decor Price Performance

Shares of NYSE FND opened at $61.77 on Wednesday. The firm has a market capitalization of $6.65 billion, a P/E ratio of 30.89, a P/E/G ratio of 2.60 and a beta of 1.70. The company has a quick ratio of 0.34, a current ratio of 1.27 and a debt-to-equity ratio of 0.08. The stock’s 50-day simple moving average is $76.46 and its two-hundred day simple moving average is $77.10. Floor & Decor Holdings, Inc. has a twelve month low of $59.21 and a twelve month high of $122.90.

Floor & Decor (NYSE:FND) last announced 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. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the company earned $0.48 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. As a group, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

Several institutional investors have recently bought and sold shares of FND. Northwestern Mutual Wealth Management Co. boosted its holdings in Floor & Decor by 42.0% during 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 period. State of Wyoming purchased a new position in Floor & Decor during the 2nd quarter valued at about $46,000. Zions Bancorporation National Association UT purchased a new position in Floor & Decor during the 1st quarter valued at about $47,000. Steph & Co. purchased a new position in Floor & Decor during the 3rd quarter valued at about $48,000. Finally, Mather Group LLC. purchased a new stake in Floor & Decor in the 3rd quarter worth approximately $49,000.

Analyst Ratings Changes

Several equities analysts have recently commented on FND shares. Evercore ISI reduced their price objective on Floor & Decor from $80.00 to $75.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 14th. Citigroup reduced their price objective on Floor & Decor from $81.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Telsey Advisory Group reiterated an “outperform” rating and set a $92.00 price objective on shares of Floor & Decor in a research report on Friday, October 31st. The Goldman Sachs Group increased their price objective on Floor & Decor from $70.00 to $80.00 and gave the company a “sell” rating in a research report on Friday. Finally, UBS Group reduced their price objective on Floor & Decor from $80.00 to $74.00 and set a “neutral” rating on the stock in a research report on Friday. Five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Floor & Decor currently has an average rating of “Hold” and an average price target of $84.65.

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.