Insider Buying: Floor & Decor (NYSE:FND) President Purchases $301,350.00 in Stock

Floor & Decor Holdings, Inc. (NYSE:FND) President Bradley Paulsen bought 5,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were bought 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 of the company’s stock, valued at approximately $1,808,100. This represents a 20.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Floor & Decor Trading Down 0.4%

Shares of Floor & Decor stock opened at $61.43 on Thursday. The company has a current ratio of 1.27, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. Floor & Decor Holdings, Inc. has a twelve month low of $59.21 and a twelve month high of $122.90. The firm has a market capitalization of $6.62 billion, a PE ratio of 30.72, a P/E/G ratio of 2.69 and a beta of 1.70. The firm’s 50-day moving average price is $76.04 and its 200 day moving average price is $76.99.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wolfe Research initiated coverage on shares of Floor & Decor in a research note on Thursday, September 18th. They set an “underperform” rating and a $76.00 target price on the stock. Evercore ISI decreased their price target on shares of Floor & Decor from $80.00 to $75.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 14th. Guggenheim dropped 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. Cowen set a $77.00 target price on shares of Floor & Decor in a research note on Friday, October 31st. Finally, UBS Group lowered their target price on Floor & Decor from $80.00 to $74.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.65.

Hedge Funds Weigh In On Floor & Decor

Institutional investors and hedge funds have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Floor & Decor by 5.6% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,639 shares of the company’s stock worth $200,000 after buying an additional 139 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Floor & Decor by 42.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock worth $41,000 after acquiring an additional 152 shares during the last quarter. MainStreet Investment Advisors LLC increased its stake in Floor & Decor by 4.7% during the second quarter. MainStreet Investment Advisors LLC now owns 3,567 shares of the company’s stock worth $271,000 after acquiring an additional 160 shares during the last quarter. Signaturefd LLC raised its position in 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. Finally, Commerce Bank lifted its stake in shares of Floor & Decor by 3.7% in the 1st 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 last quarter.

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.