Floor & Decor Holdings, Inc. $FND Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 9.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 22,600 shares of the company’s stock after purchasing an additional 1,900 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Floor & Decor were worth $1,717,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. MassMutual Private Wealth & Trust FSB grew its stake 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 buying an additional 139 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake 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 buying an additional 152 shares in the last quarter. Signaturefd LLC grew its stake 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 buying an additional 166 shares in the last quarter. Commerce Bank grew its stake 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 buying an additional 168 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in 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 last quarter.

Floor & Decor Trading Down 3.4%

NYSE:FND opened at $66.77 on Monday. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $80.95 and its two-hundred day moving average is $77.69. Floor & Decor Holdings, Inc. has a 52 week low of $66.01 and a 52 week high of $122.90. The company has a market cap of $7.19 billion, a PE ratio of 34.24, a P/E/G ratio of 2.86 and a beta of 1.70.

Floor & Decor (NYSE:FND) last released its 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 return on equity of 9.36% and a net margin of 4.59%.The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the business posted $0.52 EPS. Floor & Decor’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. On average, analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Analyst Upgrades and Downgrades

FND has been the subject of a number of analyst reports. Wolfe Research initiated coverage on Floor & Decor in a report on Thursday, September 18th. They issued an “underperform” rating and a $76.00 price target for the company. Citigroup reduced their price target on Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday. Telsey Advisory Group reissued an “outperform” rating and issued a $92.00 price target on shares of Floor & Decor in a report on Tuesday, August 12th. Guggenheim reduced their price target on Floor & Decor from $100.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 1st. Finally, Evercore ISI reduced their price target on Floor & Decor from $85.00 to $80.00 and set an “in-line” rating for the company in a report on Tuesday, October 7th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $87.53.

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.