NZS Capital LLC Purchases 89,997 Shares of Floor & Decor Holdings, Inc. $FND

NZS Capital LLC lifted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 50.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 267,750 shares of the company’s stock after purchasing an additional 89,997 shares during the period. NZS Capital LLC’s holdings in Floor & Decor were worth $19,733,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. UBS Group decreased their price objective on Floor & Decor from $74.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Morgan Stanley decreased their target price 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. Zacks Research upgraded shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Wall Street Zen cut shares of Floor & Decor from a “hold” rating to a “sell” rating in a research note on Sunday, November 9th. Finally, Stifel Nicolaus lowered their target price on shares of Floor & Decor from $92.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, December 16th. Six analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has 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 $78.24.

Floor & Decor Price Performance

FND stock opened at $66.50 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.33. The company’s fifty day moving average price is $68.81 and its 200-day moving average price is $70.46. Floor & Decor Holdings, Inc. has a one year low of $55.11 and a one year high of $95.83. The company has a market capitalization of $7.17 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 2.27 and a beta of 1.72.

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

Floor & Decor Company 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.