Vaughan Nelson Investment Management L.P. Has $16.55 Million Stake in Floor & Decor Holdings, Inc. $FND

Vaughan Nelson Investment Management L.P. lowered its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 51.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 271,754 shares of the company’s stock after selling 286,800 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Floor & Decor were worth $16,547,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital World Investors raised its holdings in shares of Floor & Decor by 37.2% in the third quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock valued at $509,589,000 after buying an additional 1,872,892 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Floor & Decor by 46.0% in the third 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 during the period. State Street Corp raised its holdings in Floor & Decor by 1.1% in the second 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 during the period. Wasatch Advisors LP boosted its position in shares of Floor & Decor by 19.2% during 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 in the last quarter. Finally, Timucuan Asset Management Inc. FL grew its holdings in shares of Floor & Decor by 9.0% in the 2nd quarter. Timucuan Asset Management Inc. FL now owns 2,580,609 shares of the company’s stock valued at $196,023,000 after buying an additional 214,151 shares during the period.

Floor & Decor Stock Performance

FND opened at $50.68 on Wednesday. The business’s 50-day moving average price is $63.80 and its two-hundred day moving average price is $66.44. Floor & Decor Holdings, Inc. has a 1 year low of $49.23 and a 1 year high of $92.40. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 1.68 and a beta of 1.72. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 0.34.

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

Analysts Set New Price Targets

Several analysts recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Floor & Decor in a research note on Friday, February 20th. TD Cowen lowered their price target on Floor & Decor from $75.00 to $60.00 and set a “hold” rating for the company in a report on Monday. Barclays lifted their price objective on Floor & Decor from $70.00 to $77.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. UBS Group decreased their price objective on Floor & Decor from $74.00 to $70.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. Finally, Morgan Stanley lowered their target price on 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. Six investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $77.35.

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.