Massachusetts Financial Services Co. MA Purchases 118,232 Shares of Floor & Decor Holdings, Inc. $FND

Massachusetts Financial Services Co. MA raised its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 19.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 724,964 shares of the company’s stock after buying an additional 118,232 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.67% of Floor & Decor worth $53,430,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MainStreet Investment Advisors LLC raised its stake in Floor & Decor by 4.7% in the 2nd quarter. MainStreet Investment Advisors LLC now owns 3,567 shares of the company’s stock valued at $271,000 after acquiring an additional 160 shares during the period. Signaturefd LLC raised its position in shares of Floor & Decor by 9.5% in the second quarter. Signaturefd LLC now owns 1,917 shares of the company’s stock valued at $146,000 after purchasing an additional 166 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Floor & Decor by 5.4% during the 2nd quarter. Venturi Wealth Management LLC now owns 3,428 shares of the company’s stock valued at $260,000 after buying an additional 175 shares in the last quarter. Saturna Capital Corp lifted its stake in shares of Floor & Decor by 2.7% during the 2nd quarter. Saturna Capital Corp now owns 7,150 shares of the company’s stock valued at $543,000 after buying an additional 190 shares in the last quarter. Finally, State of Michigan Retirement System boosted its holdings in Floor & Decor by 0.8% in the 2nd quarter. State of Michigan Retirement System now owns 25,900 shares of the company’s stock worth $1,967,000 after buying an additional 200 shares during the period.

Insider Buying and Selling

In related news, President Bradley Paulsen purchased 5,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $60.27 per share, with a total value of $301,350.00. Following the purchase, the president directly owned 30,000 shares in the company, valued at approximately $1,808,100. This represents a 20.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FND shares. Citigroup dropped their target price on Floor & Decor from $81.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Stifel Nicolaus decreased their price objective on Floor & Decor from $92.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, December 16th. Evercore ISI cut their target price on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating for the company in a research note on Tuesday, November 11th. TD Cowen reaffirmed a “hold” rating on shares of Floor & Decor in a report on Tuesday. Finally, Morgan Stanley lowered their price target on shares of Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Seven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $82.84.

Floor & Decor Price Performance

Floor & Decor stock opened at $74.96 on Thursday. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 37.48, a PEG ratio of 2.83 and a beta of 1.73. The company has a quick ratio of 0.34, a current ratio of 1.27 and a debt-to-equity ratio of 0.08. The business has a 50-day simple moving average of $64.60 and a 200 day simple moving average of $72.87. Floor & Decor Holdings, Inc. has a 52 week low of $55.11 and a 52 week high of $108.76.

Floor & Decor (NYSE:FND) last issued its quarterly 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 firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company posted $0.48 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. On average, research analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Floor & Decor 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.