Waratah Capital Advisors Ltd. Buys Shares of 435,458 Floor & Decor Holdings, Inc. $FND

Waratah Capital Advisors Ltd. purchased a new position in Floor & Decor Holdings, Inc. (NYSE:FND) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 435,458 shares of the company’s stock, valued at approximately $33,077,000. Floor & Decor comprises about 0.9% of Waratah Capital Advisors Ltd.’s portfolio, making the stock its 10th biggest holding. Waratah Capital Advisors Ltd. owned approximately 0.40% of Floor & Decor at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FND. Vanguard Group Inc. grew 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 worth $818,665,000 after acquiring an additional 380,976 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Floor & Decor by 32.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company’s stock valued at $550,228,000 after buying an additional 1,686,085 shares during the period. Timucuan Asset Management Inc. FL increased its stake in shares of Floor & Decor by 32.1% during the 1st quarter. Timucuan Asset Management Inc. FL now owns 2,366,458 shares of the company’s stock valued at $190,429,000 after acquiring an additional 575,520 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Floor & Decor by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,893,763 shares of the company’s stock worth $143,874,000 after acquiring an additional 10,547 shares during the period. Finally, Madison Asset Management LLC boosted its position in shares of Floor & Decor by 8.7% in the first quarter. Madison Asset Management LLC now owns 1,063,511 shares of the company’s stock worth $85,581,000 after acquiring an additional 85,053 shares during the last quarter.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, President Bradley Paulsen acquired 5,000 shares of Floor & Decor stock in a transaction dated Monday, November 3rd. The stock was acquired at an average cost of $60.27 per share, for a total transaction of $301,350.00. Following the completion of the transaction, the president owned 30,000 shares in the company, valued at approximately $1,808,100. This represents a 20.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.10% of the company’s stock.

Floor & Decor Stock Performance

Shares of NYSE:FND opened at $59.90 on Friday. The business’s 50-day simple moving average is $72.99 and its 200 day simple moving average is $76.48. The company has a market cap of $6.46 billion, a P/E ratio of 29.95, a PEG ratio of 2.61 and a beta of 1.70. 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 issued its quarterly earnings data on Thursday, October 30th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 EPS. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. On average, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Cowen set a $77.00 price target on shares of Floor & Decor in a research report on Friday, October 31st. Guggenheim reduced their target price on Floor & Decor from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Morgan Stanley dropped their price target on Floor & Decor from $105.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Zacks Research cut Floor & Decor from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Floor & Decor from $94.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $83.95.

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.