Vantage Investment Partners LLC Acquires 52,075 Shares of Floor & Decor Holdings, Inc. $FND

Vantage Investment Partners LLC boosted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 28.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 232,178 shares of the company’s stock after purchasing an additional 52,075 shares during the quarter. Floor & Decor accounts for 1.3% of Vantage Investment Partners LLC’s investment portfolio, making the stock its 23rd biggest holding. Vantage Investment Partners LLC’s holdings in Floor & Decor were worth $17,636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FND. Price T Rowe Associates Inc. MD raised its stake in shares of Floor & Decor by 32.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company’s stock worth $550,228,000 after purchasing an additional 1,686,085 shares during the last quarter. Principal Financial Group Inc. raised its position in Floor & Decor by 106.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company’s stock valued at $243,275,000 after buying an additional 1,558,409 shares during the last quarter. Timucuan Asset Management Inc. FL lifted its stake in Floor & Decor by 32.1% during the 1st quarter. Timucuan Asset Management Inc. FL now owns 2,366,458 shares of the company’s stock valued at $190,429,000 after acquiring an additional 575,520 shares in the last quarter. Van Berkom & Associates Inc. bought a new position in Floor & Decor during the 1st quarter valued at $39,861,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Floor & Decor during the 2nd quarter worth $32,543,000.

Wall Street Analyst Weigh In

FND has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Floor & Decor in a research report on Saturday, September 27th. Wall Street Zen cut shares of Floor & Decor from a “hold” rating to a “sell” rating in a research report on Friday, June 27th. Telsey Advisory Group restated an “outperform” rating and issued a $92.00 target price on shares of Floor & Decor in a research note on Tuesday, August 12th. Piper Sandler decreased their price target on Floor & Decor from $80.00 to $78.00 and set a “neutral” rating for the company in a research report on Friday, August 1st. Finally, Wolfe Research began coverage on Floor & Decor in a report on Thursday, September 18th. They set an “underperform” rating and a $76.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and an average target price of $88.63.

Floor & Decor Stock Up 0.0%

Shares of NYSE FND opened at $73.69 on Monday. 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 stock has a market capitalization of $7.94 billion, a PE ratio of 37.79, a P/E/G ratio of 3.16 and a beta of 1.70. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $122.90. The business’s fifty day moving average price is $81.84 and its 200-day moving average price is $78.18.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data 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 business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 EPS. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Floor & Decor Company 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.