Wealth Alliance LLC Invests $214,000 in Floor & Decor Holdings, Inc. $FND

Wealth Alliance LLC purchased a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,816 shares of the company’s stock, valued at approximately $214,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its stake in Floor & Decor by 5.6% during the 2nd 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 last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Floor & Decor by 42.0% during 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 in the last quarter. Signaturefd LLC boosted its position in shares of Floor & Decor by 9.5% during 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 during the last quarter. Commerce Bank boosted its position in shares of Floor & Decor by 3.7% during 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 during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in Floor & Decor by 5.4% in the 2nd quarter. Venturi Wealth Management LLC now owns 3,428 shares of the company’s stock worth $260,000 after buying an additional 175 shares in the last quarter.

Insider Buying and Selling

In other news, President Bradley Paulsen acquired 5,000 shares of Floor & Decor stock in a transaction dated Monday, November 3rd. The stock was purchased at an average cost of $60.27 per share, with a total value of $301,350.00. Following the completion of the purchase, the president directly owned 30,000 shares in the company, valued at approximately $1,808,100. This trade represents a 20.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.10% of the company’s stock.

Floor & Decor Trading Down 2.2%

NYSE:FND opened at $59.90 on Friday. Floor & Decor Holdings, Inc. has a one year low of $58.01 and a one year high of $122.90. The business has a fifty day moving average price of $72.99 and a 200-day moving average price of $76.46. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 29.95, a price-to-earnings-growth ratio of 2.67 and a beta of 1.70. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.27 and a quick ratio of 0.34.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FND. Cowen set a $77.00 price target on shares of Floor & Decor in a report on Friday, October 31st. Piper Sandler upgraded shares of Floor & Decor from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $75.00 to $80.00 in a research report on Wednesday. Guggenheim dropped their target price on shares of Floor & Decor from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 1st. UBS Group cut their target price on shares of Floor & Decor from $80.00 to $74.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Finally, Evercore ISI lowered their price target on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating on the stock in a report on Tuesday. Six analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and a consensus target price of $83.95.

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.