Teachers Retirement System of The State of Kentucky boosted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 105,746 shares of the company’s stock after purchasing an additional 9,465 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.10% of Floor & Decor worth $5,372,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in shares of Floor & Decor during the 3rd quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Floor & Decor by 207.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock valued at $27,000 after buying an additional 247 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Floor & Decor in the 4th quarter valued at approximately $34,000. Clearstead Advisors LLC grew its stake in shares of Floor & Decor by 215.7% in the fourth quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after buying an additional 384 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Floor & Decor in the second quarter valued at $46,000.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on FND shares. Zacks Research raised shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. Wells Fargo & Company decreased their price objective on shares of Floor & Decor from $70.00 to $50.00 and set an “equal weight” rating for the company in a research report on Friday, May 1st. Barclays decreased their price objective on shares of Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. Stifel Nicolaus set a $75.00 price objective on shares of Floor & Decor in a research note on Friday, May 1st. Finally, Mizuho dropped their target price on shares of Floor & Decor from $72.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $59.67.
Insider Transactions at Floor & Decor
In other Floor & Decor news, EVP Ersan Sayman sold 15,200 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $48.28, for a total value of $733,856.00. Following the transaction, the executive vice president directly owned 71,676 shares of the company’s stock, valued at $3,460,517.28. This represents a 17.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Bradley Paulsen acquired 5,000 shares of the stock in a transaction on Monday, May 4th. The shares were purchased at an average price of $50.25 per share, for a total transaction of $251,250.00. Following the transaction, the chief executive officer directly owned 85,010 shares in the company, valued at approximately $4,271,752.50. This trade represents a 6.25% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.80% of the stock is owned by corporate insiders.
Floor & Decor Stock Performance
Shares of FND opened at $56.13 on Wednesday. The firm has a market cap of $6.06 billion, a P/E ratio of 30.51, a price-to-earnings-growth ratio of 4.73 and a beta of 1.58. Floor & Decor Holdings, Inc. has a 52 week low of $42.64 and a 52 week high of $92.40. The firm’s 50-day simple moving average is $51.83 and its 200 day simple moving average is $58.04.
Floor & Decor (NYSE:FND – Get Free Report) last issued 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). Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business earned $0.46 earnings per share. The company’s revenue was down .7% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. As a group, equities analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current year.
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.
Featured Articles
- Five stocks we like better than Floor & Decor
- Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
- 3 Overlooked Energy ETFs Delivering Strong Returns and Income
- 3 Space Stocks That Could Outshine SpaceX After Its IPO
- JPMorgan’s Q2 Strength Gives the Stock Rally New Support
Want to see what other hedge funds are holding FND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Floor & Decor Holdings, Inc. (NYSE:FND – Free Report).
Receive News & Ratings for Floor & Decor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Floor & Decor and related companies with MarketBeat.com's FREE daily email newsletter.
