Mutual of America Capital Management LLC Has $4.07 Million Stock Position in Floor & Decor Holdings, Inc. $FND

Mutual of America Capital Management LLC lowered its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,513 shares of the company’s stock after selling 1,676 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Floor & Decor were worth $4,065,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FND. Price T Rowe Associates Inc. MD increased its holdings in shares of Floor & Decor by 32.7% during the first 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 in the last quarter. Principal Financial Group Inc. increased its holdings in Floor & Decor by 106.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company’s stock valued at $243,275,000 after purchasing an additional 1,558,409 shares in the last quarter. Timucuan Asset Management Inc. FL increased its holdings in 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 purchasing an additional 575,520 shares in the last quarter. Van Berkom & Associates Inc. acquired a new stake in Floor & Decor during the 1st quarter valued at $39,861,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Floor & Decor during the 2nd quarter valued at $32,543,000.

Floor & Decor Price Performance

Shares of FND stock opened at $71.30 on Thursday. The stock has a 50-day moving average price of $79.31 and a 200 day moving average price of $77.34. 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 firm has a market cap of $7.68 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 3.11 and a beta of 1.70. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $122.90.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data 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 firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company earned $0.52 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Piper Sandler lowered their target price on Floor & Decor from $80.00 to $78.00 and set a “neutral” rating for the company in a research note on Friday, August 1st. Morgan Stanley lowered their price objective on shares of Floor & Decor from $105.00 to $97.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Wolfe Research began coverage on shares of Floor & Decor in a research report on Thursday, September 18th. They issued an “underperform” rating and a $76.00 price objective for the company. Wall Street Zen cut shares of Floor & Decor from a “hold” rating to a “sell” rating in a research report on Friday, June 27th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $92.00 price objective on shares of Floor & Decor in a research report on Tuesday, August 12th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Floor & Decor currently has an average rating of “Hold” and an average target price of $87.24.

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.