Baillie Gifford & Co. Trims Stock Position in Floor & Decor Holdings, Inc. $FND

Baillie Gifford & Co. cut its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 2.1% in the 3rd quarter, Holdings Channel reports. The firm owned 1,649,422 shares of the company’s stock after selling 34,527 shares during the period. Baillie Gifford & Co.’s holdings in Floor & Decor were worth $121,562,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its position in shares of Floor & Decor by 15.5% during the third quarter. Parkside Financial Bank & Trust now owns 2,536 shares of the company’s stock valued at $187,000 after buying an additional 341 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Floor & Decor by 54.8% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 19,469 shares of the company’s stock worth $1,435,000 after buying an additional 6,892 shares during the period. Inscription Capital LLC bought a new stake in Floor & Decor during the 3rd quarter valued at approximately $217,000. Verdence Capital Advisors LLC grew its holdings in shares of Floor & Decor by 21.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 6,564 shares of the company’s stock worth $477,000 after acquiring an additional 1,156 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Floor & Decor by 25.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,228 shares of the company’s stock worth $298,000 after acquiring an additional 849 shares during the period.

Floor & Decor Stock Performance

Shares of Floor & Decor stock opened at $75.23 on Friday. Floor & Decor Holdings, Inc. has a 1 year low of $55.11 and a 1 year high of $108.76. The firm’s 50-day moving average is $65.20 and its 200 day moving average is $72.78. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 2.91 and a beta of 1.73. 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 released its quarterly earnings data on Thursday, October 30th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. Floor & Decor’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.48 EPS. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. Sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FND has been the subject of a number of research analyst reports. Wall Street Zen cut Floor & Decor from a “hold” rating to a “sell” rating in a research note on Sunday, November 9th. Zacks Research upgraded Floor & Decor from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Evercore ISI dropped their target price on shares of Floor & Decor from $75.00 to $65.00 and set an “in-line” rating on the stock in a report on Tuesday, November 11th. Barclays reduced their target price on shares of Floor & Decor from $78.00 to $70.00 and set a “positive” rating on the stock in a research report on Thursday, January 8th. Finally, Citigroup decreased their price target 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. Seven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Floor & Decor has an average rating of “Hold” and an average target price of $82.84.

Insiders Place Their Bets

In other Floor & Decor news, President Bradley Paulsen acquired 5,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average cost of $60.27 per share, with a total value of $301,350.00. Following the transaction, the president 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.10% of the stock is currently owned by insiders.

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.