Southernsun Asset Management LLC Acquires 18,891 Shares of Floor & Decor Holdings, Inc. $FND

Southernsun Asset Management LLC increased its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 37.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,252 shares of the company’s stock after purchasing an additional 18,891 shares during the period. Southernsun Asset Management LLC owned 0.06% of Floor & Decor worth $5,260,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FND. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Floor & Decor by 42.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock worth $41,000 after buying an additional 152 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Floor & Decor during the first quarter valued at $47,000. eCIO Inc. bought a new stake in Floor & Decor in the 1st quarter valued at $62,000. WD Rutherford LLC purchased a new stake in Floor & Decor in the 2nd quarter worth $73,000. Finally, Hantz Financial Services Inc. lifted its stake in Floor & Decor by 34.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,245 shares of the company’s stock worth $95,000 after purchasing an additional 319 shares in the last quarter.

Insider Transactions at Floor & Decor

In other Floor & Decor news, President Bradley Paulsen bought 5,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $60.27 per share, for a total transaction of $301,350.00. Following the completion of the transaction, the president directly owned 30,000 shares of the company’s stock, valued at approximately $1,808,100. This represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by insiders.

Floor & Decor Stock Down 2.6%

NYSE FND opened at $61.86 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 1.27 and a debt-to-equity ratio of 0.08. Floor & Decor Holdings, Inc. has a 52 week low of $55.11 and a 52 week high of $115.51. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 2.76 and a beta of 1.75. The company has a fifty day moving average of $65.92 and a two-hundred day moving average of $74.87.

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 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 business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The business’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. On average, analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wolfe Research started coverage on Floor & Decor in a report on Thursday, September 18th. They issued an “underperform” rating and a $76.00 target price on the stock. Evercore ISI cut their price target on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating for the company in a report on Tuesday, November 11th. Cowen set a $77.00 price objective on Floor & Decor in a report on Friday, October 31st. Telsey Advisory Group reiterated an “outperform” rating and set a $92.00 target price on shares of Floor & Decor in a research report on Friday, October 31st. Finally, Zacks Research upgraded shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Six research 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. Based on data from MarketBeat.com, the company presently 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.