Summit Creek Advisors LLC Makes New Investment in Floor & Decor Holdings, Inc. $FND

Summit Creek Advisors LLC acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FNDFree Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 60,135 shares of the company’s stock, valued at approximately $3,570,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FND. Advisory Services Network LLC acquired a new position in shares of Floor & Decor during the third quarter worth $26,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Floor & Decor by 207.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock worth $27,000 after purchasing an additional 247 shares during the period. Summit Securities Group LLC bought a new position in Floor & Decor during the 1st quarter worth $31,000. Clearstead Advisors LLC increased 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 during the period. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Floor & Decor in the fourth quarter worth approximately $34,000.

Floor & Decor Trading Down 0.8%

NYSE:FND opened at $56.19 on Wednesday. Floor & Decor Holdings, Inc. has a 12 month low of $42.64 and a 12 month high of $92.40. The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 4.75 and a beta of 1.57. The firm has a fifty day simple moving average of $56.30 and a two-hundred day simple moving average of $55.92.

Floor & Decor (NYSE:FNDGet Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Floor & Decor had a net margin of 4.93% and a return on equity of 8.20%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 earnings per share. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. Analysts expect that Floor & Decor Holdings, Inc. will post 1.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Thomas V. Taylor sold 218,189 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $62.30, for a total transaction of $13,593,174.70. Following the transaction, the insider directly owned 229,820 shares of the company’s stock, valued at approximately $14,317,786. This represents a 48.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FND. Piper Sandler upped their price target on shares of Floor & Decor from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Zacks Research raised Floor & Decor from a “strong sell” rating to a “hold” rating in a research note on Friday, July 3rd. The Goldman Sachs Group set a $53.00 target price on Floor & Decor in a research report on Saturday, August 1st. Wolfe Research reaffirmed an “underperform” rating and set a $41.00 target price on shares of Floor & Decor in a research note on Tuesday, July 21st. Finally, TD Cowen reiterated a “hold” rating on shares of Floor & Decor in a report on Monday, August 3rd. Five analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and a consensus target price of $59.42.

View Our Latest Analysis on Floor & Decor

About Floor & Decor

(Free Report)

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.

See Also

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:FNDFree Report).

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

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