Jump Financial LLC Acquires 47,457 Shares of Floor & Decor Holdings, Inc. $FND

Jump Financial LLC raised its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 1,096.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,785 shares of the company’s stock after buying an additional 47,457 shares during the period. Jump Financial LLC’s holdings in Floor & Decor were worth $4,167,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its stake in Floor & Decor by 13.6% in the first quarter. Smartleaf Asset Management LLC now owns 1,775 shares of the company’s stock valued at $143,000 after buying an additional 212 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake 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 worth $41,000 after purchasing an additional 152 shares during the period. AlphaQuest LLC bought a new position in shares of Floor & Decor during the first quarter worth approximately $252,000. Advantage Alpha Capital Partners LP increased its stake in shares of Floor & Decor by 33.8% during the first quarter. Advantage Alpha Capital Partners LP now owns 38,780 shares of the company’s stock worth $3,121,000 after purchasing an additional 9,807 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Floor & Decor by 32.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company’s stock worth $550,228,000 after purchasing an additional 1,686,085 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FND. Evercore ISI lowered their target price on Floor & Decor from $85.00 to $80.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 24th. Wall Street Zen lowered Floor & Decor from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Robert W. Baird lowered their target price on Floor & Decor from $125.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 29th. Mizuho lowered their target price on Floor & Decor from $100.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Finally, Wells Fargo & Company lowered their target price on Floor & Decor from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Floor & Decor currently has a consensus rating of “Hold” and an average price target of $88.56.

Floor & Decor Trading Down 5.7%

Shares of NYSE:FND opened at $82.9960 on Tuesday. The company has a market capitalization of $8.94 billion, a P/E ratio of 42.56, a P/E/G ratio of 3.78 and a beta of 1.68. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $124.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.28. The business’s 50 day simple moving average is $80.02 and its 200 day simple moving average is $80.31.

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

About Floor & Decor

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.