Inspire Investing LLC Takes $2.10 Million Position in Floor & Decor Holdings, Inc. $FND

Inspire Investing LLC acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 26,040 shares of the company’s stock, valued at approximately $2,095,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised 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 valued at $41,000 after purchasing an additional 152 shares during the last quarter. Commerce Bank grew its stake in shares of Floor & Decor by 3.7% in the first quarter. Commerce Bank now owns 4,712 shares of the company’s stock valued at $379,000 after buying an additional 168 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Floor & Decor by 2.4% in the first quarter. Crossmark Global Holdings Inc. now owns 7,428 shares of the company’s stock valued at $598,000 after buying an additional 171 shares in the last quarter. Xponance Inc. grew its stake in shares of Floor & Decor by 1.2% in the first quarter. Xponance Inc. now owns 16,018 shares of the company’s stock valued at $1,289,000 after buying an additional 190 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Floor & Decor by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the company’s stock valued at $2,414,000 after buying an additional 200 shares in the last quarter.

Analyst Ratings Changes

FND has been the subject of several analyst reports. Wall Street Zen cut shares of Floor & Decor from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $92.00 target price on shares of Floor & Decor in a research note on Tuesday, August 12th. Guggenheim decreased their target price on shares of Floor & Decor from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 1st. Evercore ISI decreased their target price on shares of 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, Piper Sandler decreased their target price on shares of Floor & Decor from $80.00 to $78.00 and set a “neutral” rating for the company in a research note on Friday, August 1st. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and a consensus target price of $88.56.

Floor & Decor Trading Down 1.7%

FND stock opened at $88.86 on Friday. 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 company has a fifty day moving average price of $81.99 and a two-hundred day moving average price of $79.31. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $124.68. The stock has a market cap of $9.57 billion, a price-to-earnings ratio of 45.57, a price-to-earnings-growth ratio of 3.88 and a beta of 1.68.

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

Floor & Decor Profile

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.