Floor & Decor Holdings, Inc. $FND Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. boosted its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 4.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 356,729 shares of the company’s stock after acquiring an additional 15,527 shares during the period. Baird Financial Group Inc.’s holdings in Floor & Decor were worth $28,706,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vident Advisory LLC acquired a new position in Floor & Decor in the 1st quarter valued at about $212,000. Magnetar Financial LLC acquired a new position in Floor & Decor in the 1st quarter valued at about $958,000. Canada Pension Plan Investment Board acquired a new position in Floor & Decor in the 1st quarter valued at about $8,956,000. Timucuan Asset Management Inc. FL increased its position 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 acquiring an additional 575,520 shares during the period. Finally, Trexquant Investment LP increased its position in Floor & Decor by 1,262.0% in the 1st quarter. Trexquant Investment LP now owns 161,603 shares of the company’s stock valued at $13,004,000 after acquiring an additional 149,738 shares during the period.

Analysts Set New Price Targets

FND has been the topic of several recent analyst reports. Wall Street Zen cut Floor & Decor from a “hold” rating to a “sell” rating in a research report on Friday, June 27th. Morgan Stanley cut their target price on Floor & Decor from $105.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Loop Capital cut their target price on Floor & Decor from $95.00 to $75.00 and set a “hold” rating for the company in a research note on Tuesday, May 6th. Evercore ISI cut their target price on Floor & Decor from $85.00 to $80.00 and set an “in-line” rating for the company in a research note on Tuesday, June 24th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $92.00 target price on shares of Floor & Decor in a research note on Tuesday, August 12th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $88.56.

Floor & Decor Stock Performance

FND opened at $81.85 on Monday. The stock has a market cap of $8.81 billion, a P/E ratio of 41.98, a P/E/G ratio of 3.51 and a beta of 1.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.28. The stock’s 50 day simple moving average is $80.71 and its 200 day simple moving average is $79.90. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $124.68.

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

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.