ExodusPoint Capital Management LP Has $2.02 Million Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Posted by on Jun 9th, 2023

ExodusPoint Capital Management LP cut its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 26.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,954 shares of the company’s stock after selling 10,248 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Floor & Decor were worth $2,016,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Floor & Decor by 5.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,581 shares of the company’s stock valued at $954,000 after acquiring an additional 675 shares in the last quarter. Amalgamated Bank raised its stake in shares of Floor & Decor by 0.9% in the 4th quarter. Amalgamated Bank now owns 23,837 shares of the company’s stock valued at $1,660,000 after acquiring an additional 213 shares in the last quarter. Disciplined Growth Investors Inc. MN bought a new position in shares of Floor & Decor in the 3rd quarter valued at approximately $28,268,000. Hsbc Holdings PLC acquired a new stake in Floor & Decor in the 3rd quarter valued at approximately $337,000. Finally, TD Asset Management Inc grew its holdings in Floor & Decor by 8.8% in the 4th quarter. TD Asset Management Inc now owns 8,081 shares of the company’s stock valued at $563,000 after buying an additional 652 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FND shares. Piper Sandler raised their target price on Floor & Decor from $66.00 to $86.00 in a report on Wednesday, February 15th. Guggenheim reissued a “buy” rating and set a $100.00 price objective on shares of Floor & Decor in a report on Wednesday, March 15th. Morgan Stanley lifted their price objective on Floor & Decor from $80.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, February 24th. Loop Capital lifted their price objective on Floor & Decor from $65.00 to $82.00 and gave the stock a “hold” rating in a report on Monday, February 27th. Finally, Telsey Advisory Group decreased their price target on Floor & Decor from $90.00 to $85.00 and set a “market perform” rating on the stock in a research note on Friday, February 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $92.00.

Floor & Decor Stock Performance

FND opened at $96.56 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.15 and a current ratio of 1.32. The business’s 50-day simple moving average is $94.73 and its 200 day simple moving average is $87.97. The firm has a market capitalization of $10.26 billion, a PE ratio of 34.86, a PEG ratio of 1.72 and a beta of 1.88. Floor & Decor Holdings, Inc. has a 52-week low of $59.91 and a 52-week high of $102.61.

Floor & Decor (NYSE:FND – Get Rating) last announced its earnings results on Thursday, May 4th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. Floor & Decor had a return on equity of 18.37% and a net margin of 6.86%. Floor & Decor’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. As a group, sell-side analysts expect that Floor & Decor Holdings, Inc. will post 2.66 earnings per share for the current fiscal year.

Floor & Decor Profile

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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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Institutional Ownership by Quarter for Floor & Decor (NYSE:FND)

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