Quadrature Capital Ltd Makes New Investment in Floor & Decor Holdings, Inc. $FND

Quadrature Capital Ltd has acquired a new stake in Floor & Decor Holdings, Inc., purchasing 17,145 shares valued at approximately $1,303,000 during the second quarter. Other institutional investors have also adjusted their positions in the company. Floor & Decor's stock has a consensus rating of 'Hold' with a target price of $83.95. The company reported a quarterly earnings per share of $0.53, surpassing estimates, with revenue of $1.18 billion. President Bradley Paulsen also acquired 5,000 shares, increasing his position by 20%.

Quadrature Capital Ltd purchased a new stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 17,145 shares of the company's stock, valued at approximately $1,303,000.

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A number of other institutional investors have also made changes to their positions in FND. Price T Rowe Associates Inc. MD boosted its stake in Floor & Decor by 32.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company's stock valued at $550,228,000 after purchasing an additional 1,686,085 shares during the period. Artisan Partners Limited Partnership acquired a new position in shares of Floor & Decor during the second quarter worth approximately $64,450,000. Timucuan Asset Management Inc. FL lifted its holdings in shares of Floor & Decor by 32.1% during the first quarter. Timucuan Asset Management Inc. FL now owns 2,366,458 shares of the company's stock worth $190,429,000 after buying an additional 575,520 shares during the last quarter. Waratah Capital Advisors Ltd. bought a new stake in shares of Floor & Decor in the second quarter valued at approximately $33,077,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Floor & Decor in the second quarter worth $32,543,000.

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Wall Street Analyst Weigh In

Several research firms recently commented on FND. Piper Sandler upgraded shares of Floor & Decor from a "neutral" rating to an "overweight" rating and upped their target price for the company from $75.00 to $80.00 in a research note on Wednesday, November 12th. Evercore ISI dropped their price objective on shares of Floor & Decor from $75.00 to $65.00 and set an "in-line" rating on the stock in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Floor & Decor in a research report on Friday, October 31st. Telsey Advisory Group restated an "outperform" rating and set a $92.00 price target on shares of Floor & Decor in a research note on Friday, October 31st. Finally, Wall Street Zen downgraded Floor & Decor from a "hold" rating to a "sell" rating in a research report on Sunday, November 9th. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $83.95.

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Floor & Decor Stock Down 1.8%

Shares of NYSE FND opened at $63.62 on Monday. Floor & Decor Holdings, Inc. has a 52-week low of $55.11 and a 52-week high of $115.59. 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 business has a fifty day moving average of $67.63 and a two-hundred day moving average of $75.43. The stock has a market cap of $6.86 billion, a PE ratio of 31.81, a PEG ratio of 2.77 and a beta of 1.75.

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Floor & Decor (NYSE:FND - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $1.18 billion. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. As a group, equities research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, President Bradley Paulsen acquired 5,000 shares of the company's stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $60.27 per share, with a total value 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 represents a 20.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.90% of the company's stock.

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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