Voya Investment Management LLC Decreases Stock Holdings in Floor & Decor Holdings, Inc. $FND

Voya Investment Management LLC cut its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 57.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,685 shares of the company’s stock after selling 13,133 shares during the quarter. Voya Investment Management LLC’s holdings in Floor & Decor were worth $714,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State Street Corp raised its stake in Floor & Decor by 1.1% during the second quarter. State Street Corp now owns 3,811,571 shares of the company’s stock valued at $289,527,000 after purchasing an additional 42,636 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of 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 buying an additional 437,396 shares during the last quarter. Timucuan Asset Management Inc. FL raised its position in shares of 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 valued at $196,023,000 after buying an additional 214,151 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 10,547 shares during the last quarter. Finally, Durable Capital Partners LP purchased a new position in Floor & Decor in the second quarter worth about $106,221,000.

Floor & Decor Trading Down 0.8%

Shares of NYSE FND opened at $60.88 on Thursday. Floor & Decor Holdings, Inc. has a fifty-two week low of $55.11 and a fifty-two week high of $108.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 2.67 and a beta of 1.75. The business’s 50 day moving average price is $62.78 and its 200-day moving average price is $73.53.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.47 by $0.06. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company posted $0.48 EPS. Floor & Decor’s quarterly revenue was up 5.5% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. On average, sell-side analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Insider Activity at Floor & Decor

In related news, President Bradley Paulsen purchased 5,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were purchased at an average cost of $60.27 per share, for a total transaction of $301,350.00. Following the completion of the acquisition, the president owned 30,000 shares in the company, valued at approximately $1,808,100. This trade represents a 20.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FND shares. The Goldman Sachs Group upgraded Floor & Decor from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $80.00 to $71.00 in a research report on Thursday, November 13th. TD Cowen cut their target price on Floor & Decor from $80.00 to $77.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. 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. Cowen set a $77.00 price target on Floor & Decor in a research report on Friday, October 31st. Finally, Zacks Research upgraded shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Six analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $83.25.

About Floor & Decor

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.