Universal Beteiligungs und Servicegesellschaft mbH Decreases Stake in Floor & Decor Holdings, Inc. $FND

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 11.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 12,577 shares of the company’s stock after selling 1,641 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Floor & Decor were worth $955,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position 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 valued at $550,228,000 after acquiring an additional 1,686,085 shares during the last quarter. Timucuan Asset Management Inc. FL grew its stake in Floor & Decor by 32.1% in 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 during the period. Waratah Capital Advisors Ltd. bought a new position in Floor & Decor in the 2nd quarter valued at $33,077,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Floor & Decor during the 2nd quarter valued at $32,543,000. Finally, Vanguard Group Inc. raised its stake in shares of Floor & Decor by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company’s stock worth $818,665,000 after purchasing an additional 380,976 shares during the period.

Floor & Decor Price Performance

FND opened at $64.95 on Thursday. The firm has a 50-day moving average price of $68.47 and a 200-day moving average price of $75.72. Floor & Decor Holdings, Inc. has a twelve month low of $55.11 and a twelve month high of $115.78. The company has a quick ratio of 0.34, a current ratio of 1.27 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 2.79 and a beta of 1.70.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the firm earned $0.48 EPS. 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. Equities analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Insider Activity

In related news, President Bradley Paulsen purchased 5,000 shares of the business’s 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 acquisition, the president directly owned 30,000 shares of the company’s stock, valued at approximately $1,808,100. The trade was a 20.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Morgan Stanley reduced their price target 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. Wall Street Zen cut shares of Floor & Decor from a “hold” rating to a “sell” rating in a research note on Sunday, November 9th. The Goldman Sachs Group raised shares of Floor & Decor from a “sell” rating to a “neutral” rating and reduced their target price for the company from $80.00 to $71.00 in a research report on Thursday, November 13th. Piper Sandler raised shares of Floor & Decor from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $75.00 to $80.00 in a report on Wednesday, November 12th. Finally, Cowen set a $77.00 price objective on Floor & Decor in a report on Friday, October 31st. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Floor & Decor has a consensus rating of “Hold” and a consensus price target of $83.95.

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.