Interval Partners LP Acquires Shares of 149,260 Floor & Decor Holdings, Inc. $FND

Interval Partners LP bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the third quarter, HoldingsChannel reports. The firm bought 149,260 shares of the company’s stock, valued at approximately $11,000,000.

Other hedge funds also recently made changes to their positions in the company. Black Cypress Capital Management LLC lifted its stake in Floor & Decor by 140.0% during the second quarter. Black Cypress Capital Management LLC now owns 83,964 shares of the company’s stock worth $6,378,000 after purchasing an additional 48,981 shares during the last quarter. Legal & General Group Plc increased its stake in Floor & Decor by 2.3% during the second quarter. Legal & General Group Plc now owns 177,967 shares of the company’s stock valued at $13,518,000 after purchasing an additional 4,013 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Floor & Decor by 20.2% during the third quarter. Envestnet Asset Management Inc. now owns 337,870 shares of the company’s stock worth $24,901,000 after purchasing an additional 56,870 shares during the period. Advantage Alpha Capital Partners LP raised its holdings in shares of Floor & Decor by 74.1% during the second quarter. Advantage Alpha Capital Partners LP now owns 67,497 shares of the company’s stock worth $5,127,000 after purchasing an additional 28,717 shares during the period. Finally, TD Asset Management Inc lifted its position in shares of Floor & Decor by 134.7% in the 3rd quarter. TD Asset Management Inc now owns 35,162 shares of the company’s stock worth $2,591,000 after buying an additional 20,182 shares during the last quarter.

Floor & Decor Stock Up 2.3%

Floor & Decor stock opened at $57.01 on Friday. The company has a 50-day simple moving average of $68.41 and a 200-day simple moving average of $69.33. The firm has a market capitalization of $6.15 billion, a P/E ratio of 29.69, a P/E/G ratio of 1.89 and a beta of 1.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.33. Floor & Decor Holdings, Inc. has a one year low of $55.11 and a one year high of $92.40.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 8.99%. Floor & Decor’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.44 EPS. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. As a group, equities analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on FND. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Floor & Decor in a report on Friday, February 20th. Piper Sandler reiterated an “overweight” rating and set a $80.00 price objective on shares of Floor & Decor in a research note on Friday, February 20th. Morgan Stanley cut their target price on shares of Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. UBS Group lowered their target price on Floor & Decor from $74.00 to $70.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Finally, Mizuho dropped their price target on Floor & Decor from $76.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Six analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and an average price target of $78.24.

Floor & Decor Company Profile

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.