Floor & Decor Holdings, Inc. $FND is Waratah Capital Advisors Ltd.’s 9th Largest Position

Waratah Capital Advisors Ltd. grew its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 31.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 572,801 shares of the company’s stock after buying an additional 137,343 shares during the quarter. Floor & Decor accounts for 0.7% of Waratah Capital Advisors Ltd.’s holdings, making the stock its 9th biggest position. Waratah Capital Advisors Ltd.’s holdings in Floor & Decor were worth $42,215,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Principal Financial Group Inc. grew its holdings in shares of Floor & Decor by 46.0% in the third quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company’s stock valued at $471,567,000 after acquiring an additional 2,015,999 shares in the last quarter. Durable Capital Partners LP bought a new position in Floor & Decor in the 2nd quarter valued at $106,221,000. Artisan Partners Limited Partnership bought a new position in Floor & Decor in the 2nd quarter valued at $64,450,000. Raymond James Financial Inc. increased its position in shares of Floor & Decor by 76.9% during the 2nd quarter. Raymond James Financial Inc. now owns 1,160,407 shares of the company’s stock valued at $88,145,000 after purchasing an additional 504,465 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Floor & Decor by 290.8% during the 2nd quarter. Invesco Ltd. now owns 597,083 shares of the company’s stock worth $45,354,000 after purchasing an additional 444,290 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Floor & Decor from a “hold” rating to a “sell” rating in a research report on Sunday, November 9th. Zacks Research upgraded shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Floor & Decor in a research report on Wednesday, January 28th. Morgan Stanley decreased their price target on shares of Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. lowered their price objective on Floor & Decor from $85.00 to $78.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Six equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $78.24.

Floor & Decor Stock Performance

Floor & Decor stock opened at $69.60 on Wednesday. The firm has a market cap of $7.50 billion, a P/E ratio of 36.25, a P/E/G ratio of 2.34 and a beta of 1.74. Floor & Decor Holdings, Inc. has a 1-year low of $55.11 and a 1-year high of $103.87. The firm has a 50-day moving average of $68.19 and a 200-day moving average of $70.98. The company has a current ratio of 1.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08.

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

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.