First Trust Advisors LP Grows Holdings in Floor & Decor Holdings, Inc. $FND

First Trust Advisors LP boosted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 351.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,038 shares of the company’s stock after acquiring an additional 47,530 shares during the period. First Trust Advisors LP’s holdings in Floor & Decor were worth $3,101,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FND. Littlejohn & Co. LLC bought a new stake in shares of Floor & Decor in the 4th quarter worth approximately $7,916,000. WINTON GROUP Ltd purchased a new position in Floor & Decor during the fourth quarter valued at $5,163,000. Black Cypress Capital Management LLC raised its stake in Floor & Decor by 135.0% during the fourth quarter. Black Cypress Capital Management LLC now owns 201,673 shares of the company’s stock valued at $12,280,000 after buying an additional 115,858 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Floor & Decor by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 6,421,067 shares of the company’s stock worth $390,981,000 after acquiring an additional 22,636 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Floor & Decor by 1,060,525.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,881,888 shares of the company’s stock worth $236,368,000 after acquiring an additional 3,881,522 shares in the last quarter.

Wall Street Analysts Forecast Growth

FND has been the topic of a number of recent research reports. Robert W. Baird set a $67.00 target price on Floor & Decor in a research note on Friday, July 31st. Barclays lowered their price target on Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. TD Cowen reiterated a “hold” rating on shares of Floor & Decor in a research note on Monday. Morgan Stanley increased their price objective on shares of Floor & Decor from $56.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Finally, Piper Sandler raised their price objective on shares of Floor & Decor from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Floor & Decor has an average rating of “Hold” and an average price target of $59.42.

Floor & Decor Stock Performance

FND stock opened at $59.94 on Friday. The stock’s 50 day simple moving average is $54.75 and its 200 day simple moving average is $56.73. The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. Floor & Decor Holdings, Inc. has a 12-month low of $42.64 and a 12-month high of $92.40. The stock has a market capitalization of $6.47 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 5.08 and a beta of 1.57.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, July 30th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Floor & Decor had a return on equity of 8.20% and a net margin of 4.93%.The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the company earned $0.58 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. As a group, research analysts forecast that Floor & Decor Holdings, Inc. will post 1.99 earnings per share for the current fiscal year.

Floor & Decor Profile

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.