Floor & Decor Holdings, Inc. $FND Stake Boosted by Bank of Nova Scotia

Bank of Nova Scotia raised its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 308.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,490 shares of the company’s stock after acquiring an additional 78,909 shares during the period. Bank of Nova Scotia’s holdings in Floor & Decor were worth $7,937,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in Floor & Decor by 42.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock valued at $41,000 after buying an additional 152 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Floor & Decor during the 1st quarter valued at about $47,000. eCIO Inc. bought a new position in shares of Floor & Decor during the 1st quarter valued at about $62,000. WD Rutherford LLC bought a new stake in shares of Floor & Decor in the 2nd quarter worth approximately $73,000. Finally, Hantz Financial Services Inc. lifted its stake in Floor & Decor by 34.4% during the second quarter. Hantz Financial Services Inc. now owns 1,245 shares of the company’s stock valued at $95,000 after purchasing an additional 319 shares during the last quarter.

Floor & Decor Trading Up 1.0%

FND opened at $61.95 on Thursday. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 2.67 and a beta of 1.75. Floor & Decor Holdings, Inc. has a fifty-two week low of $55.11 and a fifty-two week high of $114.83. The company’s 50 day moving average price is $65.45 and its two-hundred day moving average price is $74.70. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.27 and a quick ratio of 0.34.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. As a group, research analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, President Bradley Paulsen acquired 5,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average price of $60.27 per share, with a total value of $301,350.00. Following the completion of the transaction, the president owned 30,000 shares in the company, valued at approximately $1,808,100. This trade represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FND. Wall Street Zen downgraded Floor & Decor from a “hold” rating to a “sell” rating in a report on Sunday, November 9th. Wolfe Research initiated coverage on shares of Floor & Decor in a research note on Thursday, September 18th. They issued an “underperform” rating and a $76.00 price objective for the company. Citigroup cut their target price on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Zacks Research upgraded shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, The Goldman Sachs Group raised shares of Floor & Decor from a “sell” rating to a “neutral” rating and lowered their target price for the company from $80.00 to $71.00 in a research note on Thursday, November 13th. 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 company’s stock. According to MarketBeat.com, Floor & Decor currently has a consensus rating of “Hold” and an average price target of $83.95.

Floor & Decor Company Profile

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.