Louisiana State Employees Retirement System Boosts Stock Holdings in Floor & Decor Holdings, Inc. $FND

Louisiana State Employees Retirement System grew its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 1.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 30,300 shares of the company’s stock after buying an additional 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Floor & Decor were worth $2,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in Floor & Decor by 42.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock valued at $41,000 after acquiring an additional 152 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Floor & Decor in the 1st quarter valued at $47,000. eCIO Inc. acquired a new stake in Floor & Decor in the 1st quarter valued at $62,000. First Horizon Advisors Inc. grew its stake in Floor & Decor by 42.6% in the 1st quarter. First Horizon Advisors Inc. now owns 853 shares of the company’s stock valued at $69,000 after acquiring an additional 255 shares during the period. Finally, WD Rutherford LLC acquired a new stake in Floor & Decor in the 2nd quarter valued at $73,000.

Floor & Decor Trading Down 3.4%

Shares of FND stock opened at $66.77 on Friday. The company’s 50-day moving average price is $80.95 and its 200-day moving average price is $77.76. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. The stock has a market cap of $7.19 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 2.97 and a beta of 1.70. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $122.90.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $1.21 billion for 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%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. As a group, equities analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Piper Sandler dropped their price target on shares of Floor & Decor from $80.00 to $78.00 and set a “neutral” rating on the stock in a research note on Friday, August 1st. Guggenheim lowered their target price on shares of Floor & Decor from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. Morgan Stanley lowered their target price on shares of Floor & Decor from $105.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Floor & Decor in a research note on Wednesday. Finally, Wall Street Zen cut shares of Floor & Decor from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $87.53.

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.