FND Stock Fair Value – Bridges Investment Management Boosts Position in Floor & Decor Holdings,
November 12, 2024
☀️Trending News
Bridges Investment Management Inc., a global investment firm, has recently increased its stake in Floor & Decor ($NYSE:FND) Holdings, Inc. This news comes as the latest development in the flooring company’s stock performance, which has been on a steady rise in recent months. Floor & Decor Holdings, Inc. is a specialty retailer of hard surface flooring and related accessories, catering to both residential and commercial customers. The company offers a wide selection of products including tiles, wood flooring, laminates, and natural stone, at competitive prices. With its focus on providing high-quality products and exceptional customer service, Floor & Decor has established itself as a leader in the home improvement industry. The recent investment by Bridges Investment Management Inc. signifies a vote of confidence in the growth potential of Floor & Decor. This move also highlights the increasing interest of large firms in the company’s stock. This boost in investment may be attributed to the strong financial performance of Floor & Decor.
In its most recent quarterly report, the company reported record net sales and earnings, surpassing analysts’ expectations. The company also announced plans to expand its store count and enhance its e-commerce capabilities to further drive growth. Moreover, Floor & Decor has been able to maintain its strong financial position by effectively navigating through the challenges posed by the pandemic. The company’s focus on online sales and contactless services has helped it sustain its business operations and meet the changing demands of customers. With its strong financial performance and strategic plans for expansion, Floor & Decor is poised for continued success in the home improvement industry. Investors can keep an eye on this stock as it continues to attract attention from major investment firms.
Share Price
On Friday, investors saw a slight dip in the stock price of FLOOR & DECOR, as it opened at $101.93 and closed at $100.49. This represented a decrease of 0.81% from the previous day’s closing price of $101.31.
However, this small drop did not go unnoticed by Bridges Investment Management Inc., who has recently boosted their position in the company. Bridges Investment Management Inc., a global investment management firm, has increased their stake in FLOOR & DECOR Holdings, Inc. This move shows their confidence in the company’s future prospects and their belief that the stock has room for growth. With this increase in their position, Bridges Investment Management Inc. now holds a larger stake in the company, making them one of the top institutional investors in FLOOR & DECOR. With the housing market remaining strong and consumer spending on home renovations expected to continue, FLOOR & DECOR is well-positioned for growth. This includes BlackRock Inc., Vanguard Group Inc., and State Street Corp, all of whom have increased their positions in the company. This influx of institutional investment further solidifies FLOOR & DECOR’s position as a promising player in the home improvement market. With a strong first quarter performance and continued interest from institutional investors, FLOOR & DECOR is poised for continued success in the home improvement industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FND. More…
| Total Revenues | Net Income | Net Margin |
| 4.41k | 245.98 | 5.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FND. More…
| Operations | Investing | Financing |
| 803.59 | -564.97 | -214.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FND. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.66k | 2.73k | 18.09 |
Key Ratios Snapshot
Some of the financial key ratios for FND are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.1% | 14.4% | 7.3% |
| FCF Margin | ROE | ROA |
| 5.8% | 10.5% | 4.3% |
Analysis – FND Stock Fair Value
During my analysis of FLOOR & DECOR’s fundamentals, I found that the company has a strong intrinsic value of around $111.0 per share, according to our proprietary Valuation Line. This indicates that the stock is currently undervalued by 9.5%, as it is currently trading at $100.49. FLOOR & DECOR’s strong intrinsic value can be attributed to its strong financial performance and market position. The company has consistently shown strong revenue and earnings growth over the years, and has a solid balance sheet with low debt levels. Additionally, FLOOR & DECOR has a strong presence in the home improvement market, which is expected to continue growing in the coming years. Based on these factors, I believe that FLOOR & DECOR’s current stock price presents a good buying opportunity for investors. The stock is currently trading at a fair price but has room for growth, making it a potentially profitable investment. As always, it is important to conduct further research and consider other factors before making any investment decisions. More…
Peers
Floor & Decor Holdings Inc. is one of the leading flooring retailers in the United States. The company offers a wide variety of flooring products and services, including ceramic tile, hardwood, laminate, and stone. Floor & Decor also provides installation services and financing options. The company’s competitors include Victorian Plumbing Group PLC, Lowe’s Companies Inc, and Marks Electrical Group PLC.
– Victorian Plumbing Group PLC ($LSE:VIC)
Victorian Plumbing Group PLC is a United Kingdom-based company, which is engaged in the retail of plumbing and bathroom products. The Company offers a range of over 10,000 products, including baths, toilets, basins, taps, showers, furniture, heating, lighting, and accessories. It offers its products through its website and showroom. The Company operates through two segments: United Kingdom and Europe.
– Lowe’s Companies Inc ($NYSE:LOW)
Lowe’s Companies Inc. is a publicly traded company with a market capitalization of 111.61 billion as of March 2022. The company operates in the home improvement and retail sectors and has a return on equity of -99.39%. Lowe’s Companies Inc. was founded in 1946 and is headquartered in Mooresville, North Carolina. The company operates over 2,200 stores in the United States, Canada, and Mexico. Lowe’s Companies Inc. offers a variety of home improvement products and services, including appliances, tools, hardware, and more.
– Marks Electrical Group PLC ($LSE:MRK)
Marks Electrical Group PLC is a leading provider of electrical products and services in the United Kingdom. The company has a market capitalization of 71.37 million as of 2022 and a return on equity of 27.33%. Marks Electrical Group PLC is a publicly traded company listed on the London Stock Exchange. The company offers a wide range of electrical products and services, including electrical installation, repair, and maintenance services.
Summary
Bridges Investment Management Inc. has increased its investment in Floor & Decor Holdings, Inc., indicating confidence in the company’s future performance. This suggests that the investment management firm believes that Floor & Decor is a solid investment opportunity and has potential for growth. This move also signals a positive outlook for the company, as Bridges Investment Management Inc. would not increase their stake if they did not have faith in the company’s financial standing and future prospects. This could potentially attract other investors to also invest in Floor & Decor, leading to an increase in its stock price.
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