Entropy Technologies LP Takes $380,000 Position in Floor & Decor Holdings, Inc. $FND

Entropy Technologies LP acquired 5,000 shares of Floor & Decor Holdings, Inc., valued at $380,000, during Q2. Other investors also adjusted their stakes. Floor & Decor reported Q3 earnings of $0.53 per share, beating estimates. Analysts revised price targets, with Guggenheim setting a buy rating at $90.00. The stock opened at $64.11, with a market cap of $6.91 billion. President Bradley Paulsen increased his stake by 20%. Floor & Decor's FY 2025 EPS guidance is 1.870-1.970.

Entropy Technologies LP purchased a new position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,000 shares of the company's stock, valued at approximately $380,000.

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Other institutional investors have also added to or reduced their stakes in the company. Magnetar Financial LLC raised its holdings in shares of Floor & Decor by 63.7% during the 2nd quarter. Magnetar Financial LLC now owns 19,474 shares of the company's stock worth $1,479,000 after acquiring an additional 7,575 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in Floor & Decor during the second quarter valued at $64,450,000. Saturna Capital Corp grew its stake in shares of Floor & Decor by 2.7% in the 2nd quarter. Saturna Capital Corp now owns 7,150 shares of the company's stock worth $543,000 after buying an additional 190 shares in the last quarter. MainStreet Investment Advisors LLC increased its holdings in shares of Floor & Decor by 4.7% in the 2nd quarter. MainStreet Investment Advisors LLC now owns 3,567 shares of the company's stock worth $271,000 after buying an additional 160 shares during the last quarter. Finally, Waratah Capital Advisors Ltd. bought a new stake in shares of Floor & Decor in the 2nd quarter worth about $33,077,000.

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Floor & Decor Price Performance

Shares of FND stock opened at $64.11 on Wednesday. The stock has a 50 day moving average price of $68.92 and a 200 day moving average price of $75.79. The firm has a market capitalization of $6.91 billion, a P/E ratio of 32.05, a P/E/G ratio of 2.64 and a beta of 1.70. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27. Floor & Decor Holdings, Inc. has a 52-week low of $55.11 and a 52-week high of $117.69.

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Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, October 30th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.06. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.The business's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. As a group, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Insiders Place Their Bets

In related news, President Bradley Paulsen acquired 5,000 shares of the stock in a transaction on Monday, November 3rd. The stock was bought at an average cost of $60.27 per share, with a total value of $301,350.00. Following the transaction, the president directly owned 30,000 shares in the company, valued at approximately $1,808,100. This represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.90% of the stock is owned by insiders.

Analysts Set New Price Targets

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Several research analysts recently commented on the company. Guggenheim dropped their price target on Floor & Decor from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Citigroup lowered their price objective on Floor & Decor from $81.00 to $75.00 and set a "neutral" rating for the company in a research note on Thursday, October 9th. Telsey Advisory Group reissued an "outperform" rating and set a $92.00 target price on shares of Floor & Decor in a research report on Friday, October 31st. JPMorgan Chase & Co. decreased their price target on Floor & Decor from $94.00 to $85.00 and set a "neutral" rating on the stock in a report on Friday, October 31st. Finally, Piper Sandler upgraded Floor & Decor from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $75.00 to $80.00 in a research report on Wednesday, November 12th. Six research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $83.95.

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Floor & Decor Company Profile

(Free Report)

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.

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