Confluence Investment Management LLC Buys Shares of 131,310 Floor & Decor Holdings, Inc. $FND

Confluence Investment Management LLC bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 131,310 shares of the company’s stock, valued at approximately $7,795,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in shares of Floor & Decor by 1,060,525.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,881,888 shares of the company’s stock valued at $236,368,000 after purchasing an additional 3,881,522 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in shares of Floor & Decor during the 4th quarter worth approximately $108,060,000. Durable Capital Partners LP acquired a new position in shares of Floor & Decor during the 2nd quarter worth approximately $106,221,000. FIL Ltd lifted its stake in Floor & Decor by 193.9% in the 4th quarter. FIL Ltd now owns 1,836,696 shares of the company’s stock valued at $111,836,000 after buying an additional 1,211,731 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Floor & Decor by 161.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,893,048 shares of the company’s stock valued at $115,268,000 after buying an additional 1,168,084 shares in the last quarter.

Floor & Decor Trading Down 0.8%

Shares of FND stock opened at $57.10 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 0.45. The firm has a market cap of $6.16 billion, a P/E ratio of 26.56, a PEG ratio of 4.72 and a beta of 1.57. Floor & Decor Holdings, Inc. has a 1-year low of $42.64 and a 1-year high of $92.40. The firm’s 50-day simple moving average is $54.07 and its 200-day simple moving average is $57.04.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Floor & Decor had a net margin of 4.93% and a return on equity of 8.20%. Floor & Decor’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the business earned $0.58 EPS. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. As a group, equities analysts forecast that Floor & Decor Holdings, Inc. will post 1.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FND shares. Truist Financial increased their target price on Floor & Decor from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley boosted their price target on Floor & Decor from $56.00 to $64.00 and gave the stock an “equal weight” rating in a report on Friday. Guggenheim reduced their price objective on Floor & Decor from $90.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Mizuho decreased their price objective on Floor & Decor from $72.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Finally, Bank of America cut Floor & Decor from a “buy” rating to an “underperform” rating and set a $45.00 price objective for the company. in a research report on Friday, April 17th. Five investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and a consensus price target of $59.42.

About Floor & Decor

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.