Baird Financial Group Inc. decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) by 15.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 296,893 shares of the company’s stock after selling 55,776 shares during the period. Baird Financial Group Inc.’s holdings in Floor & Decor were worth $17,624,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in FND. Allworth Financial LP lifted its stake in shares of Floor & Decor by 542.5% in the second quarter. Allworth Financial LP now owns 2,011 shares of the company’s stock valued at $119,000 after buying an additional 1,698 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Floor & Decor by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 29,826 shares of the company’s stock worth $1,770,000 after acquiring an additional 224 shares during the last quarter. Nykredit A S acquired a new stake in shares of Floor & Decor in the 2nd quarter worth about $250,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Floor & Decor in the 2nd quarter valued at about $1,822,000. Finally, Vancity Investment Management Ltd lifted its position in Floor & Decor by 24.6% in the 2nd quarter. Vancity Investment Management Ltd now owns 14,483 shares of the company’s stock valued at $860,000 after acquiring an additional 2,862 shares in the last quarter.
Analysts Set New Price Targets
FND has been the subject of a number of analyst reports. TD Cowen reiterated a “hold” rating on shares of Floor & Decor in a research note on Monday, August 3rd. Telsey Advisory Group raised their target price on Floor & Decor from $61.00 to $68.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Piper Sandler lifted their target price on Floor & Decor from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Citigroup reiterated a “neutral” rating on shares of Floor & Decor in a report on Thursday, July 16th. Finally, UBS Group increased their price target on Floor & Decor from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and a consensus price target of $59.42.
Floor & Decor Price Performance
FND opened at $47.36 on Friday. Floor & Decor Holdings, Inc. has a fifty-two week low of $42.64 and a fifty-two week high of $92.40. The firm has a 50-day moving average of $54.94 and a 200 day moving average of $53.84. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.33. The firm has a market cap of $5.04 billion, a P/E ratio of 22.03, a PEG ratio of 3.80 and a beta of 1.55.
Floor & Decor (NYSE:FND – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The business 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 company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. On average, research analysts expect that Floor & Decor Holdings, Inc. will post 1.99 EPS for the current year.
Insider Activity at Floor & Decor
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 value of $13,593,174.70. Following the transaction, the insider owned 229,820 shares in the company, valued at approximately $14,317,786. This represents a 48.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company’s stock.
Floor & Decor Profile
Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company sells a broad selection of tile, natural stone, hardwood, laminate and luxury vinyl flooring, along with installation materials, tools, trims and accessories.
Floor & Decor serves do-it-yourself customers, professional flooring contractors, homebuilders, designers and commercial customers. Its stores generally operate in a warehouse-format model designed to offer a wide product assortment, and the company also sells through its e-commerce platform and provides design and project-support services.
Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor has expanded its store network across the United States.
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