Lecap Asset Management Ltd. Invests $1.01 Million in Floor & Decor Holdings, Inc. $FND

Lecap Asset Management Ltd. acquired a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the 4th quarter, Holdings Channel reports. The fund acquired 16,590 shares of the company’s stock, valued at approximately $1,010,000.

Other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in shares of Floor & Decor by 20.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 337,870 shares of the company’s stock worth $24,901,000 after acquiring an additional 56,870 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Floor & Decor by 134.7% during the 3rd quarter. TD Asset Management Inc now owns 35,162 shares of the company’s stock worth $2,591,000 after acquiring an additional 20,182 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Floor & Decor by 46.0% during the 3rd quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company’s stock worth $471,567,000 after acquiring an additional 2,015,999 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Floor & Decor by 19.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 724,964 shares of the company’s stock worth $53,430,000 after acquiring an additional 118,232 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its holdings in shares of Floor & Decor by 4.2% during the 3rd quarter. Bridges Investment Management Inc. now owns 481,273 shares of the company’s stock worth $35,470,000 after acquiring an additional 19,478 shares in the last quarter.

Floor & Decor Price Performance

Shares of FND stock opened at $54.01 on Friday. Floor & Decor Holdings, Inc. has a 1-year low of $46.47 and a 1-year high of $92.40. The stock’s 50-day moving average is $58.78 and its 200 day moving average is $63.72. The company has a market cap of $5.83 billion, a P/E ratio of 28.13, a PEG ratio of 1.80 and a beta of 1.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 0.34.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Floor & Decor had a return on equity of 8.99% and a net margin of 4.45%.The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. Research analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FND shares. Piper Sandler decreased their price target on Floor & Decor from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday. Bank of America lowered Floor & Decor from a “buy” rating to an “underperform” rating and set a $45.00 price target on the stock. in a report on Friday. JPMorgan Chase & Co. decreased their price target on Floor & Decor from $85.00 to $78.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Floor & Decor in a report on Wednesday, January 28th. Finally, TD Cowen decreased their price target on Floor & Decor from $75.00 to $60.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Six equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.89.

About Floor & Decor

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.