Floor & Decor Holdings, Inc. $FND Stock Holdings Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 6.1% during the second quarter, Holdings Channel reports. The fund owned 665,355 shares of the company’s stock after selling 43,439 shares during the quarter. Bank of New York Mellon Corp’s holdings in Floor & Decor were worth $50,540,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. 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 worth $41,000 after purchasing an additional 152 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Floor & Decor during the first quarter worth approximately $47,000. eCIO Inc. acquired a new position in shares of Floor & Decor during the first quarter worth approximately $62,000. WD Rutherford LLC bought a new position in Floor & Decor in the 2nd quarter worth approximately $73,000. Finally, Hantz Financial Services Inc. increased its position in Floor & Decor by 34.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,245 shares of the company’s stock valued at $95,000 after acquiring an additional 319 shares during the period.

Insiders Place Their Bets

In related news, President Bradley Paulsen purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average price of $60.27 per share, with a total value of $301,350.00. Following the purchase, the president owned 30,000 shares of the company’s stock, valued at $1,808,100. This trade represents a 20.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FND shares. UBS Group reduced their price target on Floor & Decor from $80.00 to $74.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Citigroup cut their price objective on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Wall Street Zen lowered shares of Floor & Decor from a “hold” rating to a “sell” rating in a research report on Sunday. The Goldman Sachs Group raised their target price on shares of Floor & Decor from $70.00 to $80.00 and gave the company a “sell” rating in a research note on Friday, October 31st. Finally, Evercore ISI reduced their price target on shares of Floor & Decor from $75.00 to $65.00 and set an “in-line” rating for the company in a research note on Tuesday. Five 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $84.15.

Floor & Decor Trading Up 2.0%

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

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

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.