Wasatch Advisors LP Purchases 543,744 Shares of Floor & Decor Holdings, Inc. $FND

Wasatch Advisors LP boosted its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 23.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,897,074 shares of the company’s stock after purchasing an additional 543,744 shares during the period. Wasatch Advisors LP’s holdings in Floor & Decor were worth $147,171,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in shares of Floor & Decor during the third quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. grew 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 last quarter. 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. Los Angeles Capital Management LLC acquired a new position in shares of Floor & Decor in the fourth quarter valued at approximately $34,000. Finally, eCIO Inc. bought a new position in Floor & Decor in the 4th quarter valued at approximately $41,000.

Analysts Set New Price Targets

FND has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of Floor & Decor from $78.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Wells Fargo & Company decreased their price target 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. Evercore set a $51.00 price target on shares of Floor & Decor in a research note on Friday, May 1st. Weiss Ratings lowered shares of Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Finally, Citigroup reduced their price objective on shares of Floor & Decor from $60.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $59.17.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, EVP Ersan Sayman sold 15,200 shares of the business’s stock in a transaction that occurred 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 approximately $3,460,517.28. The trade was a 17.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bradley Paulsen purchased 5,000 shares of the business’s stock in a transaction on Monday, May 4th. The shares were acquired at an average price of $50.25 per share, for a total transaction of $251,250.00. Following the completion of the acquisition, the chief executive officer directly owned 85,010 shares in the company, valued at approximately $4,271,752.50. This represents a 6.25% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.80% of the company’s stock.

Floor & Decor Trading Up 2.1%

Shares of Floor & Decor stock opened at $59.56 on Friday. The business has a 50-day moving average price of $50.33 and a two-hundred day moving average price of $58.47. Floor & Decor Holdings, Inc. has a 1-year low of $42.64 and a 1-year high of $92.40. The company has a market cap of $6.43 billion, a P/E ratio of 32.37, a PEG ratio of 5.02 and a beta of 1.62.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). Floor & Decor had a net margin of 4.27% and a return on equity of 8.38%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the firm earned $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. Equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Floor & Decor Profile

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.