Roundview Capital LLC Acquires 342 Shares of Floor & Decor Holdings, Inc. $FND

Roundview Capital LLC grew its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 2.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 12,075 shares of the company’s stock after buying an additional 342 shares during the quarter. Roundview Capital LLC’s holdings in Floor & Decor were worth $917,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB raised its position in shares of Floor & Decor by 5.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,639 shares of the company’s stock valued at $200,000 after purchasing an additional 139 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Floor & Decor by 42.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock valued at $41,000 after purchasing an additional 152 shares during the period. Signaturefd LLC raised its position in shares of Floor & Decor by 9.5% in the second quarter. Signaturefd LLC now owns 1,917 shares of the company’s stock valued at $146,000 after purchasing an additional 166 shares during the period. Commerce Bank raised its position in shares of Floor & Decor by 3.7% in the first quarter. Commerce Bank now owns 4,712 shares of the company’s stock valued at $379,000 after purchasing an additional 168 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in shares of Floor & Decor by 2.4% in the first quarter. Crossmark Global Holdings Inc. now owns 7,428 shares of the company’s stock valued at $598,000 after purchasing an additional 171 shares during the period.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $70.30 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $122.90. The stock has a market cap of $7.57 billion, a P/E ratio of 36.05, a P/E/G ratio of 3.08 and a beta of 1.70. The company has a 50 day moving average of $81.49 and a 200 day moving average of $78.04.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. As a group, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on FND. Piper Sandler lowered their price target on shares of Floor & Decor from $80.00 to $78.00 and set a “neutral” rating on the stock in a research report on Friday, August 1st. Guggenheim reduced their price objective on shares of Floor & Decor from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 1st. Evercore ISI reduced their price objective on shares of Floor & Decor from $85.00 to $80.00 and set an “in-line” rating for the company in a research note on Tuesday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Floor & Decor in a research note on Tuesday, August 12th. Finally, Wall Street Zen cut shares of Floor & Decor from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $88.31.

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.