Waratah Capital Advisors Ltd. Purchases 137,343 Shares of Floor & Decor Holdings, Inc. $FND

Waratah Capital Advisors Ltd. increased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 31.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 572,801 shares of the company’s stock after acquiring an additional 137,343 shares during the period. Floor & Decor comprises approximately 0.7% of Waratah Capital Advisors Ltd.’s holdings, making the stock its 9th largest holding. Waratah Capital Advisors Ltd. owned approximately 0.53% of Floor & Decor worth $42,215,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in Floor & Decor by 46.0% during the 3rd quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company’s stock valued at $471,567,000 after purchasing an additional 2,015,999 shares during the period. State Street Corp raised its position in shares of Floor & Decor by 1.1% during the second quarter. State Street Corp now owns 3,811,571 shares of the company’s stock worth $289,527,000 after purchasing an additional 42,636 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Floor & Decor by 19.2% in the second quarter. Wasatch Advisors LP now owns 2,717,183 shares of the company’s stock valued at $206,397,000 after buying an additional 437,396 shares during the period. Timucuan Asset Management Inc. FL increased its holdings in Floor & Decor by 9.0% during the 2nd quarter. Timucuan Asset Management Inc. FL now owns 2,580,609 shares of the company’s stock worth $196,023,000 after purchasing an additional 214,151 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Floor & Decor by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,893,763 shares of the company’s stock valued at $143,874,000 after buying an additional 10,547 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FND shares. UBS Group reduced their price objective on shares of Floor & Decor from $74.00 to $70.00 and set a “neutral” rating for the company in a research note on Friday. Zacks Research raised shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. TD Cowen lowered their price objective on Floor & Decor from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday. Evercore dropped their price target on shares of Floor & Decor from $75.00 to $65.00 and set an “in-line” rating for the company in a research report on Tuesday, November 11th. Finally, Morgan Stanley reduced their price objective on shares of Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. Six equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Floor & Decor currently has a consensus rating of “Hold” and an average target price of $78.24.

Floor & Decor Trading Up 1.8%

NYSE FND opened at $69.60 on Wednesday. The business has a 50 day simple moving average of $68.19 and a 200 day simple moving average of $70.98. The stock has a market capitalization of $7.50 billion, a P/E ratio of 36.25, a P/E/G ratio of 2.34 and a beta of 1.74. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 0.34. Floor & Decor Holdings, Inc. has a one year low of $55.11 and a one year high of $103.87.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Floor & Decor had a return on equity of 8.99% and a net margin of 4.45%.The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the business earned $0.44 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. Research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current 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.