ST Germain D J Co. Inc. Has $19.26 Million Position in Floor & Decor Holdings, Inc. $FND

by · The Markets Daily

ST Germain D J Co. Inc. boosted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) by 4.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 261,305 shares of the company’s stock after purchasing an additional 10,149 shares during the quarter. ST Germain D J Co. Inc. owned about 0.24% of Floor & Decor worth $19,258,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Floor & Decor by 32.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company’s stock worth $550,228,000 after buying an additional 1,686,085 shares during the last quarter. Durable Capital Partners LP bought a new position in Floor & Decor in the 2nd quarter worth $106,221,000. Artisan Partners Limited Partnership bought a new position in Floor & Decor in the 2nd quarter worth $64,450,000. Timucuan Asset Management Inc. FL lifted its position in Floor & Decor by 32.1% during the 1st quarter. Timucuan Asset Management Inc. FL now owns 2,366,458 shares of the company’s stock worth $190,429,000 after acquiring an additional 575,520 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in Floor & Decor by 76.9% during the second quarter. Raymond James Financial Inc. now owns 1,160,407 shares of the company’s stock valued at $88,145,000 after acquiring an additional 504,465 shares during the period.

Insider Activity at Floor & Decor

In other Floor & Decor news, President Bradley Paulsen bought 5,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average cost of $60.27 per share, for a total transaction of $301,350.00. Following the transaction, the president owned 30,000 shares in the company, valued at approximately $1,808,100. The trade was a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

Floor & Decor Price Performance

Shares of FND stock opened at $61.42 on Wednesday. Floor & Decor Holdings, Inc. has a 12 month low of $55.11 and a 12 month high of $110.76. The company has a market capitalization of $6.62 billion, a P/E ratio of 30.71, a P/E/G ratio of 2.71 and a beta of 1.75. The stock has a 50 day moving average of $64.61 and a two-hundred day moving average of $74.42. The company has a current ratio of 1.27, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08.

Floor & Decor (NYSE:FND – Get Free Report) last issued its 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. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.Floor & Decor’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. As a group, equities analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Analysts Set New Price Targets

FND has been the topic of a number of recent analyst reports. Wall Street Zen lowered Floor & Decor from a “hold” rating to a “sell” rating in a research note on Sunday, November 9th. Telsey Advisory Group restated an “outperform” rating and set a $92.00 target price on shares of Floor & Decor in a research note on Friday, October 31st. Zacks Research raised Floor & Decor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Stifel Nicolaus cut their price target on Floor & Decor from $92.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Citigroup lowered their price objective on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Six equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $83.85.

Read Our Latest Stock Analysis on FND

About Floor & Decor

(Free Report)

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.

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