Huntington National Bank Boosts Stock Position in Floor & Decor Holdings, Inc. $FND

Huntington National Bank increased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 231.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,491 shares of the company’s stock after acquiring an additional 1,041 shares during the period. Huntington National Bank’s holdings in Floor & Decor were worth $113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its holdings in Floor & Decor by 5.3% during the first 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 in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Floor & Decor during the 2nd quarter worth about $276,000. Deutsche Bank AG raised its position in shares of Floor & Decor by 94.3% during the 1st quarter. Deutsche Bank AG now owns 27,376 shares of the company’s stock worth $2,203,000 after purchasing an additional 13,290 shares during the last quarter. Jump Financial LLC lifted its stake in Floor & Decor by 1,096.5% in the 1st quarter. Jump Financial LLC now owns 51,785 shares of the company’s stock valued at $4,167,000 after buying an additional 47,457 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Floor & Decor by 22.6% in the 1st quarter. Russell Investments Group Ltd. now owns 111,187 shares of the company’s stock worth $8,946,000 after buying an additional 20,532 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FND shares. UBS Group reduced their target price on Floor & Decor from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Cowen set a $77.00 price objective on Floor & Decor in a research note on Friday, October 31st. Piper Sandler restated a “neutral” rating and issued a $75.00 price objective (down previously from $78.00) on shares of Floor & Decor in a report on Friday, October 31st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $92.00 target price on shares of Floor & Decor in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Floor & Decor in a research report on Friday, October 31st. Five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Floor & Decor has an average rating of “Hold” and an average target price of $84.65.

Floor & Decor Stock Up 0.6%

Shares of NYSE:FND opened at $59.22 on Friday. Floor & Decor Holdings, Inc. has a 52-week low of $58.01 and a 52-week high of $122.90. The stock has a market cap of $6.38 billion, a P/E ratio of 29.61, a PEG ratio of 2.58 and a beta of 1.70. The business has a fifty day moving average of $75.09 and a two-hundred day moving average of $76.87. The company has a quick ratio of 0.34, a current ratio of 1.27 and a debt-to-equity ratio of 0.08.

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

Insiders Place Their Bets

In other news, President Bradley Paulsen bought 5,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were bought at an average cost of $60.27 per share, for a total transaction of $301,350.00. Following the acquisition, the president directly 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. 2.10% of the stock is owned by insiders.

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.