Militia Capital Partners LP bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,000 shares of the company’s stock, valued at approximately $1,035,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NZS Capital LLC grew its position in Floor & Decor by 50.6% during the third quarter. NZS Capital LLC now owns 267,750 shares of the company’s stock worth $19,733,000 after buying an additional 89,997 shares during the period. TD Asset Management Inc grew its position in Floor & Decor by 134.7% during the third quarter. TD Asset Management Inc now owns 35,162 shares of the company’s stock worth $2,591,000 after buying an additional 20,182 shares during the period. Littlejohn & Co. LLC acquired a new position in Floor & Decor during the fourth quarter worth about $7,916,000. Waratah Capital Advisors Ltd. grew its position in Floor & Decor by 31.5% during the third quarter. Waratah Capital Advisors Ltd. now owns 572,801 shares of the company’s stock worth $42,215,000 after buying an additional 137,343 shares during the period. Finally, Principal Financial Group Inc. grew its position in Floor & Decor by 0.4% during the fourth quarter. Principal Financial Group Inc. now owns 6,421,067 shares of the company’s stock worth $390,981,000 after buying an additional 22,636 shares during the period.
Insider Activity at Floor & Decor
In other news, CFO Bryan Langley acquired 2,500 shares of Floor & Decor stock in a transaction that occurred on Monday, May 4th. The shares were acquired at an average price of $48.69 per share, with a total value of $121,725.00. Following the completion of the purchase, the chief financial officer owned 42,016 shares of the company’s stock, valued at approximately $2,045,759.04. This represents a 6.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bradley Paulsen acquired 5,000 shares of Floor & Decor stock in a transaction that occurred on Monday, May 4th. The shares were purchased at an average cost of $50.25 per share, for a total transaction of $251,250.00. Following the purchase, the chief executive officer directly owned 85,010 shares of the company’s stock, valued at approximately $4,271,752.50. This trade represents a 6.25% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.80% of the company’s stock.
Floor & Decor Price Performance
Floor & Decor (NYSE:FND – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Floor & Decor had a net margin of 4.27% and a return on equity of 8.38%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 EPS. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. On average, analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. Weiss Ratings downgraded shares of Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Telsey Advisory Group reduced their price target on shares of Floor & Decor from $80.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $64.00 price target on shares of Floor & Decor in a report on Friday, February 20th. Bank of America downgraded shares of Floor & Decor from a “buy” rating to an “underperform” rating and set a $45.00 price target on the stock. in a report on Friday, April 17th. Finally, Morgan Stanley reaffirmed a “positive” rating and issued a $56.00 price target on shares of Floor & Decor in a report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $59.17.
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.
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