Douglas Lane & Associates LLC raised its holdings in Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) by 75.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 298,663 shares of the company’s stock after acquiring an additional 128,828 shares during the quarter. Douglas Lane & Associates LLC owned 0.28% of Floor & Decor worth $13,682,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in FND. GAMMA Investing LLC raised its holdings in Floor & Decor by 22.7% during the third quarter. GAMMA Investing LLC now owns 2,766 shares of the company’s stock valued at $127,000 after buying an additional 512 shares in the last quarter. Fenimore Asset Management Inc grew its position in Floor & Decor by 11.0% in the third quarter. Fenimore Asset Management Inc now owns 392,536 shares of the company’s stock valued at $17,982,000 after acquiring an additional 39,020 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Floor & Decor by 20.2% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,703 shares of the company’s stock worth $78,000 after purchasing an additional 286 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Floor & Decor by 3,263.2% during the third quarter. Versant Capital Management Inc now owns 639 shares of the company’s stock worth $29,000 after buying an additional 620 shares in the last quarter. Finally, Confluence Investment Management LLC increased its holdings in Floor & Decor by 96.5% during the 3rd quarter. Confluence Investment Management LLC now owns 258,061 shares of the company’s stock valued at $11,822,000 after purchasing an additional 126,751 shares in the last quarter.
Analyst Upgrades and Downgrades
FND has been the topic of several research analyst reports. The Goldman Sachs Group set a $53.00 target price on Floor & Decor in a report on Saturday, August 1st. Telsey Advisory Group lifted their target price on Floor & Decor from $61.00 to $68.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Robert W. Baird set a $67.00 price target on Floor & Decor in a research note on Friday, July 31st. Morgan Stanley boosted their price objective on Floor & Decor from $56.00 to $64.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, Wells Fargo & Company boosted their price target on shares of Floor & Decor from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $59.16.
Floor & Decor Stock Down 2.0%
NYSE:FND traded down $0.92 on Friday, hitting $45.59. 586,495 shares of the company’s stock were exchanged, compared to its average volume of 2,684,154. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 0.45. The firm has a 50-day moving average price of $51.64 and a 200-day moving average price of $51.83. The company has a market cap of $4.85 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 3.71 and a beta of 1.60. Floor & Decor Holdings, Inc. has a 52 week low of $42.64 and a 52 week high of $77.46.
Floor & Decor (NYSE:FND – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Floor & Decor had a return on equity of 8.20% and a net margin of 4.93%.The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. As a group, analysts expect that Floor & Decor Holdings, Inc. will post 1.99 EPS for the current fiscal year.
Insider Activity
In other 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 of the company’s stock, 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 can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.
About Floor & Decor
Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company sells tile, natural stone, wood, laminate and luxury vinyl flooring, along with installation materials, tools, accessories and decorative products for residential and commercial projects.
Floor & Decor operates warehouse-format stores and an e-commerce platform serving do-it-yourself customers, professional contractors, designers and commercial clients. Its stores generally offer a broad selection of in-stock flooring products, design services, installation supplies and related project resources.
Founded in 2000 and headquartered in Atlanta, Georgia, the company serves customers across the United States.
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