Advantage Alpha Capital Partners LP Raises Stake in Floor & Decor Holdings, Inc. $FND

Advantage Alpha Capital Partners LP increased its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 74.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,497 shares of the company's stock after purchasing an additional 28,717 shares during the quarter. Floor & Decor accounts for 1.4% of Advantage Alpha Capital Partners LP's investment portfolio, making the stock its 16th largest position. Advantage Alpha Capital Partners LP owned approximately 0.06% of Floor & Decor worth $5,127,000 as of its most recent filing with the Securities & Exchange Commission.

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Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its position in Floor & Decor by 32.7% during 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 buying an additional 1,686,085 shares during the period. Artisan Partners Limited Partnership acquired a new stake in shares of Floor & Decor in the 2nd quarter worth approximately $64,450,000. Timucuan Asset Management Inc. FL increased its stake in Floor & Decor by 32.1% in 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 purchasing an additional 575,520 shares in the last quarter. Waratah Capital Advisors Ltd. purchased a new position in Floor & Decor in the 2nd quarter valued at approximately $33,077,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Floor & Decor during the second quarter worth $32,543,000.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, President Bradley Paulsen acquired 5,000 shares of the firm's stock in a transaction dated Monday, November 3rd. The shares were acquired at an average price of $60.27 per share, for a total transaction of $301,350.00. Following the completion of the acquisition, the president directly owned 30,000 shares of the company's stock, valued at $1,808,100. This trade represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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Several analysts have weighed in on FND shares. Cowen set a $77.00 target price on Floor & Decor in a report on Friday, October 31st. The Goldman Sachs Group upgraded shares of Floor & Decor from a "sell" rating to a "neutral" rating and decreased their price objective for the stock from $80.00 to $71.00 in a research report on Thursday, November 13th. Weiss Ratings reissued a "hold (c-)" rating on shares of Floor & Decor in a research note on Friday, October 31st. UBS Group dropped their target price on shares of Floor & Decor from $80.00 to $74.00 and set a "neutral" rating for the company in a report on Friday, October 31st. Finally, Zacks Research raised shares of Floor & Decor from a "strong sell" rating to a "hold" rating in a report on Tuesday. Six equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $83.95.

View Our Latest Stock Analysis on FND

Floor & Decor Price Performance

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Floor & Decor stock opened at $64.95 on Friday. The stock has a market capitalization of $7.00 billion, a P/E ratio of 32.47, a P/E/G ratio of 2.82 and a beta of 1.70. Floor & Decor Holdings, Inc. has a 12-month low of $55.11 and a 12-month high of $115.78. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.27 and a quick ratio of 0.34. The firm's 50-day moving average is $68.03 and its two-hundred day moving average is $75.64.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.06. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the business posted $0.48 earnings per share. The company's 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. Equities analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Floor & Decor 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.

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