Sterling Capital Management LLC lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) by 44.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,502 shares of the company’s stock after selling 14,999 shares during the period. Sterling Capital Management LLC’s holdings in Floor & Decor were worth $940,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cibc World Market Inc. lifted its stake in shares of Floor & Decor by 1.6% in the 4th quarter. Cibc World Market Inc. now owns 9,253 shares of the company’s stock valued at $563,000 after purchasing an additional 146 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Floor & Decor by 50.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock valued at $34,000 after buying an additional 186 shares during the period. Capital Analysts LLC increased its holdings in Floor & Decor by 32.2% in the fourth quarter. Capital Analysts LLC now owns 767 shares of the company’s stock valued at $47,000 after buying an additional 187 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Floor & Decor by 35.5% in the fourth quarter. Global Retirement Partners LLC now owns 722 shares of the company’s stock valued at $44,000 after buying an additional 189 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Floor & Decor by 0.3% in the third quarter. CANADA LIFE ASSURANCE Co now owns 78,410 shares of the company’s stock worth $5,895,000 after acquiring an additional 221 shares during the period.
Insider Transactions at Floor & Decor
In other news, EVP Ersan Sayman sold 15,200 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $48.28, for a total value of $733,856.00. Following the completion of the sale, the executive vice president directly owned 71,676 shares in the company, valued at $3,460,517.28. This represents a 17.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Bryan Langley purchased 2,500 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was acquired at an average cost of $48.69 per share, for a total transaction 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 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 issued its quarterly earnings results on Thursday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. On average, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.
Analysts Set New Price Targets
FND has been the topic of several recent analyst reports. UBS Group lowered their target price on shares of Floor & Decor from $70.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Guggenheim cut their price target on Floor & Decor from $90.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Weiss Ratings cut Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. JPMorgan Chase & Co. lowered their price target on Floor & Decor from $78.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Finally, Barclays dropped their price objective on Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $59.17.
Check Out Our Latest Research Report on FND
About Floor & Decor
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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