Floor & Decor (NYSE:FND) President Bradley Paulsen Acquires 5,000 Shares

Floor & Decor Holdings, Inc. (NYSE:FND) President Bradley Paulsen acquired 5,000 shares of the firm’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 completion of the acquisition, the president directly owned 30,000 shares of the company’s stock, valued at $1,808,100. The trade was a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Floor & Decor Trading Down 4.5%

Shares of FND stock opened at $59.69 on Tuesday. 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 12-month low of $59.21 and a 12-month high of $122.90. The stock has a market capitalization of $6.43 billion, a P/E ratio of 29.85, a P/E/G ratio of 2.62 and a beta of 1.70. The firm’s 50 day moving average is $76.88 and its 200 day moving average is $77.16.

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

Hedge Funds Weigh In On Floor & Decor

Large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Floor & Decor by 32.7% in 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 purchasing an additional 1,686,085 shares in the last quarter. Durable Capital Partners LP bought a new position in Floor & Decor in the 2nd quarter worth $106,221,000. Artisan Partners Limited Partnership purchased a new stake in Floor & Decor in the 2nd quarter worth $64,450,000. Timucuan Asset Management Inc. FL raised its holdings in Floor & Decor by 32.1% during the first quarter. Timucuan Asset Management Inc. FL now owns 2,366,458 shares of the company’s stock valued at $190,429,000 after acquiring an additional 575,520 shares during the period. Finally, Raymond James Financial Inc. lifted its position in shares of Floor & Decor by 76.9% in the second quarter. Raymond James Financial Inc. now owns 1,160,407 shares of the company’s stock valued at $88,145,000 after acquiring an additional 504,465 shares in the last quarter.

Analyst Ratings Changes

FND has been the topic of several research reports. Piper Sandler reissued a “neutral” rating and issued a $75.00 target price (down from $78.00) on shares of Floor & Decor in a research report on Friday. UBS Group dropped their price objective on shares of Floor & Decor from $80.00 to $74.00 and set a “neutral” rating on the stock in a report on Friday. JPMorgan Chase & Co. reduced their target price on shares of Floor & Decor from $94.00 to $85.00 and set a “neutral” rating for the company in a report on Friday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Floor & Decor in a research report on Friday. Finally, Evercore ISI cut their price objective on shares of Floor & Decor from $80.00 to $75.00 and set an “in-line” rating for the company in a research report on Tuesday, October 14th. Five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Floor & Decor has an average rating of “Hold” and an average target price of $84.65.

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.