TimesSquare Capital Management LLC Boosts Holdings in Floor & Decor Holdings, Inc. $FND

TimesSquare Capital Management LLC boosted its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 1.8% in the second quarter, Holdings Channel.com reports. The fund owned 508,642 shares of the company’s stock after buying an additional 8,935 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Floor & Decor were worth $38,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 380,976 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Floor & Decor by 32.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company’s stock worth $550,228,000 after buying an additional 1,686,085 shares during the last quarter. Timucuan Asset Management Inc. FL increased its position in Floor & Decor by 32.1% during the first 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 during the period. Madison Asset Management LLC lifted its stake in Floor & Decor by 8.7% in the first quarter. Madison Asset Management LLC now owns 1,063,511 shares of the company’s stock valued at $85,581,000 after buying an additional 85,053 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Floor & Decor by 2.1% in the first quarter. Northern Trust Corp now owns 964,409 shares of the company’s stock valued at $77,606,000 after buying an additional 19,476 shares during the last quarter.

Floor & Decor Stock Up 2.0%

FND stock opened at $60.80 on Wednesday. The stock has a market capitalization of $6.55 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 2.59 and a beta of 1.70. The company has a fifty day moving average of $74.28 and a 200-day moving average of $76.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27. Floor & Decor Holdings, Inc. has a one year low of $58.01 and a one year high of $122.90.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the company posted $0.48 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. As a group, analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Insider Buying and Selling at Floor & Decor

In related news, President Bradley Paulsen purchased 5,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was acquired at an average price 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Telsey Advisory Group restated an “outperform” rating and set a $92.00 target price on shares of Floor & Decor in a research report on Friday, October 31st. Evercore ISI lowered 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 report on Tuesday. Zacks Research cut shares of Floor & Decor from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Cowen set a $77.00 target price on shares of Floor & Decor in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. lowered their price target on Floor & Decor from $94.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $84.15.

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.