TD Asset Management Inc Invests $1.14 Million in Floor & Decor Holdings, Inc. $FND

TD Asset Management Inc acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) during the second quarter, Holdings Channel reports. The fund acquired 14,980 shares of the company’s stock, valued at approximately $1,138,000.

Other large investors have also modified their holdings of the company. Verdence Capital Advisors LLC grew its stake in Floor & Decor by 25.3% during the 2nd quarter. Verdence Capital Advisors LLC now owns 5,408 shares of the company’s stock valued at $411,000 after acquiring an additional 1,093 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Floor & Decor in the second quarter valued at approximately $276,000. Vanguard Personalized Indexing Management LLC lifted its position in Floor & Decor by 8.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,403 shares of the company’s stock worth $790,000 after buying an additional 797 shares in the last quarter. Johnson Investment Counsel Inc. boosted its stake in Floor & Decor by 34.3% during the second quarter. Johnson Investment Counsel Inc. now owns 34,111 shares of the company’s stock worth $2,591,000 after buying an additional 8,709 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in Floor & Decor by 32.1% in the 2nd quarter. Blair William & Co. IL now owns 104,239 shares of the company’s stock valued at $7,918,000 after buying an additional 25,344 shares in the last quarter.

Floor & Decor Trading Down 1.7%

Shares of NYSE FND opened at $71.30 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $7.68 billion, a PE ratio of 36.57, a PEG ratio of 3.11 and a beta of 1.70. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $122.90. The stock has a fifty day simple moving average of $79.31 and a 200-day simple moving average of $77.34.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, July 31st. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.Floor & Decor’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, equities analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Floor & Decor from a “hold” rating to a “sell” rating in a research report on Friday, June 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Floor & Decor in a report on Wednesday, October 8th. Guggenheim reduced their price target on shares of Floor & Decor from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. Wolfe Research began coverage on Floor & Decor in a report on Thursday, September 18th. They issued an “underperform” rating and a $76.00 price objective on the stock. Finally, Citigroup cut their target price on Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $87.24.

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.