Oak Thistle LLC Purchases New Stake in Floor & Decor Holdings, Inc. $FND

Oak Thistle LLC purchased a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the third quarter, HoldingsChannel reports. The institutional investor purchased 17,895 shares of the company’s stock, valued at approximately $1,319,000.

Several other institutional investors also recently bought and sold shares of FND. Black Cypress Capital Management LLC boosted its position in Floor & Decor by 140.0% during the 2nd 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 period. Sequoia Financial Advisors LLC purchased a new position in Floor & Decor in the second quarter valued at about $276,000. Legal & General Group Plc lifted its stake in shares of Floor & Decor by 2.3% during the second quarter. Legal & General Group Plc now owns 177,967 shares of the company’s stock worth $13,518,000 after purchasing an additional 4,013 shares in the last quarter. Advantage Alpha Capital Partners LP lifted its stake 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 in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Floor & Decor by 17.1% in the second quarter. Janney Montgomery Scott LLC now owns 27,143 shares of the company’s stock worth $2,062,000 after buying an additional 3,959 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Evercore ISI dropped their target price on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating on the stock in a report on Tuesday, November 11th. Wolfe Research started coverage on Floor & Decor in a report on Thursday, September 18th. They issued an “underperform” rating and a $76.00 price target for the company. The Goldman Sachs Group raised shares of Floor & Decor from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $80.00 to $71.00 in a research report on Thursday, November 13th. Piper Sandler raised shares of Floor & Decor from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $80.00 in a research report on Wednesday, November 12th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Floor & Decor in a research note on Friday, October 31st. Six equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $83.25.

Insider Transactions at Floor & Decor

In related news, President Bradley Paulsen acquired 5,000 shares of Floor & Decor stock in a transaction on Monday, November 3rd. The shares were purchased at an average cost of $60.27 per share, for a total transaction of $301,350.00. Following the purchase, the president directly owned 30,000 shares of the company’s stock, valued at $1,808,100. The trade was a 20.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is owned by corporate insiders.

Floor & Decor Price Performance

Shares of NYSE FND opened at $60.57 on Thursday. The company has a quick ratio of 0.34, a current ratio of 1.27 and a debt-to-equity ratio of 0.08. Floor & Decor Holdings, Inc. has a fifty-two week low of $55.11 and a fifty-two week high of $110.76. The business has a 50 day moving average price of $64.41 and a two-hundred day moving average price of $74.32. The firm has a market cap of $6.53 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 2.68 and a beta of 1.75.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, October 30th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the company posted $0.48 EPS. Floor & Decor’s quarterly 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. Sell-side analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

About Floor & Decor

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.