Geode Capital Management LLC Increases Position in Floor & Decor Holdings, Inc. $FND

Geode Capital Management LLC increased its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 0.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,893,763 shares of the company’s stock after acquiring an additional 10,547 shares during the period. Geode Capital Management LLC owned approximately 1.76% of Floor & Decor worth $143,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Floor & Decor during the second quarter worth about $276,000. Deutsche Bank AG increased its holdings in Floor & Decor by 94.3% in the 1st quarter. Deutsche Bank AG now owns 27,376 shares of the company’s stock worth $2,203,000 after buying an additional 13,290 shares during the period. Janney Montgomery Scott LLC raised its position in Floor & Decor by 17.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 27,143 shares of the company’s stock worth $2,062,000 after buying an additional 3,959 shares during the last quarter. Jump Financial LLC lifted its stake in Floor & Decor by 1,096.5% during the 1st quarter. Jump Financial LLC now owns 51,785 shares of the company’s stock valued at $4,167,000 after acquiring an additional 47,457 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in Floor & Decor by 22.6% during the 1st quarter. Russell Investments Group Ltd. now owns 111,187 shares of the company’s stock valued at $8,946,000 after acquiring an additional 20,532 shares during the period.

Analyst Ratings Changes

FND has been the topic of a number of research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $92.00 price objective on shares of Floor & Decor in a research note on Friday, October 31st. Evercore ISI cut their price target on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating on the stock in a research report on Tuesday, November 11th. UBS Group reduced their price objective on Floor & Decor from $80.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. The Goldman Sachs Group upgraded Floor & Decor from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $80.00 to $71.00 in a research note on Thursday, November 13th. Finally, JPMorgan Chase & Co. dropped their target price on Floor & Decor from $94.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Six investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $83.95.

Floor & Decor Trading Up 2.1%

Shares of Floor & Decor stock opened at $57.98 on Wednesday. The firm has a 50-day simple moving average of $71.80 and a two-hundred day simple moving average of $76.29. 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 fifty-two week low of $55.11 and a fifty-two week high of $122.90. The company has a market cap of $6.25 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 2.47 and a beta of 1.70.

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

Insider Activity at Floor & Decor

In other Floor & Decor news, President Bradley Paulsen bought 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, with a total value of $301,350.00. Following the purchase, the president directly owned 30,000 shares in the company, valued at $1,808,100. This represents a 20.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by company insiders.

Floor & Decor Company 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.