King Luther Capital Management Corp Acquires 4,776 Shares of Floor & Decor Holdings, Inc. $FND

King Luther Capital Management Corp boosted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 40.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 16,442 shares of the company’s stock after acquiring an additional 4,776 shares during the quarter. King Luther Capital Management Corp’s holdings in Floor & Decor were worth $1,249,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its stake in shares of Floor & Decor by 5.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company’s stock valued at $22,255,000 after purchasing an additional 13,983 shares during the period. Xponance Inc. raised its position in Floor & Decor by 1.2% in the 1st quarter. Xponance Inc. now owns 16,018 shares of the company’s stock valued at $1,289,000 after buying an additional 190 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Floor & Decor by 4.1% in the first quarter. Arizona State Retirement System now owns 30,758 shares of the company’s stock worth $2,475,000 after purchasing an additional 1,212 shares in the last quarter. Schechter Investment Advisors LLC boosted its position in Floor & Decor by 16.5% during the first quarter. Schechter Investment Advisors LLC now owns 8,858 shares of the company’s stock valued at $713,000 after purchasing an additional 1,253 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Floor & Decor by 0.7% during the first quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the company’s stock worth $2,414,000 after purchasing an additional 200 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FND shares. Zacks Research cut shares of Floor & Decor from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Morgan Stanley cut their target price on shares of Floor & Decor from $105.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Evercore ISI cut their price target on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating on the stock in a research note on Tuesday. Wall Street Zen downgraded Floor & Decor from a “hold” rating to a “sell” rating in a research note on Sunday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Floor & Decor in a research report on Friday, October 31st. Five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Floor & Decor currently has a consensus rating of “Hold” and an average target price of $84.15.

Floor & Decor Trading Up 2.0%

Shares of FND stock opened at $60.80 on Wednesday. Floor & Decor Holdings, Inc. has a 1-year low of $58.01 and a 1-year high of $122.90. The company has a current ratio of 1.27, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 2.59 and a beta of 1.70. The stock has a 50-day moving average of $74.28 and a 200-day moving average of $76.74.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, October 30th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.47 by $0.06. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. On average, equities research analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Insider Activity at Floor & Decor

In other news, President Bradley Paulsen acquired 5,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average cost of $60.27 per share, for a total transaction of $301,350.00. Following the completion of the transaction, the president directly owned 30,000 shares in the company, valued at $1,808,100. This represents a 20.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.90% of the company’s stock.

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.