Bridges Investment Management Inc. Has $35.08 Million Stock Position in Floor & Decor Holdings, Inc. $FND

Bridges Investment Management Inc. boosted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 44.0% in the second quarter, Holdings Channel.com reports. The firm owned 461,795 shares of the company’s stock after purchasing an additional 141,181 shares during the period. Bridges Investment Management Inc.’s holdings in Floor & Decor were worth $35,078,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FND. MassMutual Private Wealth & Trust FSB increased 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 worth $200,000 after purchasing an additional 139 shares during the period. Northwestern Mutual Wealth Management Co. increased 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 worth $41,000 after purchasing an additional 152 shares during the period. Signaturefd LLC increased 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 worth $146,000 after purchasing an additional 166 shares during the period. Commerce Bank increased 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 worth $379,000 after purchasing an additional 168 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake 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 worth $598,000 after purchasing an additional 171 shares during the period.

Floor & Decor Trading Up 0.9%

Shares of FND opened at $70.97 on Thursday. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $122.90. 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 capitalization of $7.64 billion, a price-to-earnings ratio of 36.39, a P/E/G ratio of 3.01 and a beta of 1.70. The stock’s 50-day moving average price is $80.29 and its 200 day moving average price is $77.52.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FND. Piper Sandler dropped their price objective on Floor & Decor from $80.00 to $78.00 and set a “neutral” rating on the stock in a research note on Friday, August 1st. Telsey Advisory Group reiterated an “outperform” rating and issued a $92.00 price objective on shares of Floor & Decor in a research note on Tuesday, August 12th. Evercore ISI lowered their price target on Floor & Decor from $80.00 to $75.00 and set an “in-line” rating on the stock in a research note on Tuesday. Citigroup lowered their price target on Floor & Decor from $81.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Finally, Wolfe Research started coverage on Floor & Decor in a research note on Thursday, September 18th. They set an “underperform” rating and a $76.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Floor & Decor currently has a consensus rating of “Hold” and a consensus price target of $87.24.

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.