Murphy Middleton Hinkle & Parker Inc. Takes Position in Floor & Decor Holdings, Inc. $FND

Murphy Middleton Hinkle & Parker Inc. bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,297 shares of the company’s stock, valued at approximately $931,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Capital World Investors lifted its position in Floor & Decor by 37.2% in the 3rd quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock valued at $509,589,000 after acquiring an additional 1,872,892 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Floor & Decor by 46.0% during the 3rd quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company’s stock worth $471,567,000 after purchasing an additional 2,015,999 shares in the last quarter. State Street Corp increased its holdings in Floor & Decor by 1.1% during the 2nd quarter. State Street Corp now owns 3,811,571 shares of the company’s stock worth $289,527,000 after purchasing an additional 42,636 shares in the last quarter. Wasatch Advisors LP raised its stake in shares of Floor & Decor by 19.2% in the second quarter. Wasatch Advisors LP now owns 2,717,183 shares of the company’s stock worth $206,397,000 after purchasing an additional 437,396 shares during the last quarter. Finally, Timucuan Asset Management Inc. FL raised its stake in shares of Floor & Decor by 9.0% in the second quarter. Timucuan Asset Management Inc. FL now owns 2,580,609 shares of the company’s stock worth $196,023,000 after purchasing an additional 214,151 shares during the last quarter.

Floor & Decor Stock Performance

Shares of FND stock opened at $52.44 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.33. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 27.31, a P/E/G ratio of 1.70 and a beta of 1.72. Floor & Decor Holdings, Inc. has a 52 week low of $49.89 and a 52 week high of $92.40. The firm’s 50-day simple moving average is $66.70 and its two-hundred day simple moving average is $67.99.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Barclays lifted their target price on Floor & Decor from $70.00 to $77.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. UBS Group dropped their price objective on Floor & Decor from $74.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Zacks Research raised shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Morgan Stanley reduced their target price on shares of Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Finally, TD Cowen lowered their target price on shares of Floor & Decor from $80.00 to $75.00 and set a “hold” rating for the company in a report on Friday, February 20th. Six equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Floor & Decor presently has an average rating of “Hold” and an average target price 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.