Ingalls & Snyder LLC Buys 1,923 Shares of Floor & Decor Holdings, Inc. $FND

Ingalls & Snyder LLC raised its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 11.6% in the second quarter, Holdings Channel reports. The fund owned 18,448 shares of the company’s stock after acquiring an additional 1,923 shares during the period. Ingalls & Snyder LLC’s holdings in Floor & Decor were worth $1,401,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FND. Envestnet Asset Management Inc. boosted its holdings in Floor & Decor by 5.3% in the first quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company’s stock valued at $22,255,000 after acquiring an additional 13,983 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Floor & Decor during the 2nd quarter worth about $276,000. Wealth Enhancement Advisory Services LLC raised its position in Floor & Decor by 28.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company’s stock valued at $255,000 after buying an additional 701 shares during the last quarter. Worldly Partners Management LLC increased its stake in Floor & Decor by 5.5% in the 1st quarter. Worldly Partners Management LLC now owns 1,094,880 shares of the company’s stock valued at $88,105,000 after buying an additional 57,500 shares during the last quarter. Finally, Bridges Investment Management Inc. boosted its position in Floor & Decor by 32.5% during the first quarter. Bridges Investment Management Inc. now owns 320,614 shares of the company’s stock valued at $25,800,000 after purchasing an additional 78,626 shares during the last quarter.

Analyst Ratings Changes

FND has been the subject of several research analyst reports. Citigroup reduced 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. Piper Sandler dropped their price objective on Floor & Decor from $80.00 to $78.00 and set a “neutral” rating for the company in a report on Friday, August 1st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $92.00 price objective on shares of Floor & Decor in a report on Tuesday, August 12th. UBS Group decreased their price target on Floor & Decor from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Wolfe Research initiated coverage on Floor & Decor in a research report on Thursday, September 18th. They set an “underperform” rating and a $76.00 price objective on the stock. Five analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $86.83.

Floor & Decor Stock Up 1.7%

FND stock opened at $72.42 on Monday. The stock’s 50 day simple moving average is $78.87 and its 200 day simple moving average is $77.39. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $122.90. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25. The company has a market cap of $7.80 billion, a P/E ratio of 37.14, a price-to-earnings-growth ratio of 3.11 and a beta of 1.70.

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