King Luther Capital Management Corp Has $1.25 Million Stock Holdings in Floor & Decor Holdings, Inc. $FND

King Luther Capital Management Corp increased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 40.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,442 shares of the company’s stock after acquiring an additional 4,776 shares during the period. King Luther Capital Management Corp’s holdings in Floor & Decor were worth $1,249,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FND. Price T Rowe Associates Inc. MD lifted its stake in 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. Timucuan Asset Management Inc. FL raised its holdings in shares of Floor & Decor by 32.1% in the 1st quarter. Timucuan Asset Management Inc. FL now owns 2,366,458 shares of the company’s stock worth $190,429,000 after buying an additional 575,520 shares in the last quarter. Van Berkom & Associates Inc. bought a new position in shares of Floor & Decor during the 1st quarter worth approximately $39,861,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Floor & Decor during the 2nd quarter worth approximately $32,543,000. Finally, Vanguard Group Inc. boosted its stake in Floor & Decor by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company’s stock valued at $818,665,000 after buying an additional 380,976 shares in the last quarter.

Floor & Decor Trading Up 2.0%

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

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.47 by $0.06. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the firm earned $0.48 earnings per share. Floor & Decor’s 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. As a group, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on FND shares. Zacks Research lowered Floor & Decor from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. TD Cowen dropped their target price on shares of Floor & Decor from $80.00 to $77.00 and set a “hold” rating for the company in a research report on Friday, October 31st. UBS Group cut their price target on shares of Floor & Decor from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Evercore ISI decreased their price objective on shares of Floor & Decor from $75.00 to $65.00 and set an “in-line” rating on the stock in a research note on Tuesday. Finally, Cowen set a $77.00 target price on shares of Floor & Decor in a research note 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, the company has an average rating of “Hold” and an average target price of $84.15.

Insider Buying and Selling

In other news, President Bradley Paulsen bought 5,000 shares of the stock in a transaction dated Monday, November 3rd. The stock was bought at an average cost 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 approximately $1,808,100. This represents a 20.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.90% of the company’s stock.

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.