Wasatch Advisors LP Sells 592,454 Shares of Floor & Decor Holdings, Inc. $FND

Wasatch Advisors LP lessened its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 20.5% during the second quarter, Holdings Channel reports. The firm owned 2,304,620 shares of the company’s stock after selling 592,454 shares during the quarter. Wasatch Advisors LP’s holdings in Floor & Decor were worth $136,802,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Advisory Services Network LLC purchased a new stake in Floor & Decor in the 3rd quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. increased its stake 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 valued at $27,000 after buying an additional 247 shares during the period. Summit Securities Group LLC purchased a new position in shares of Floor & Decor during the first quarter valued at approximately $31,000. Clearstead Advisors LLC raised its holdings in shares of Floor & Decor by 215.7% during the fourth quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after acquiring an additional 384 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Floor & Decor during the fourth quarter valued at approximately $34,000.

Floor & Decor Trading Up 2.1%

Shares of NYSE FND opened at $60.43 on Wednesday. Floor & Decor Holdings, Inc. has a 1 year low of $42.64 and a 1 year high of $92.40. 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 of $55.34 and a 200 day moving average of $56.44. The stock has a market cap of $6.44 billion, a P/E ratio of 28.11, a price-to-earnings-growth ratio of 4.80 and a beta of 1.57.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Citigroup reaffirmed a “neutral” rating on shares of Floor & Decor in a research note on Thursday, July 16th. UBS Group upped their price objective on shares of Floor & Decor from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Piper Sandler raised their target price on shares of Floor & Decor from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Floor & Decor in a research note on Friday. Finally, Guggenheim reduced their price target on shares of Floor & Decor from $90.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $59.42.

Insider Transactions at Floor & Decor

In other Floor & Decor news, insider Thomas V. Taylor sold 218,189 shares of Floor & Decor stock in a transaction 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 completion of the transaction, the insider owned 229,820 shares in the company, valued at approximately $14,317,786. The trade was a 48.70% 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. Insiders own 1.80% of the company’s stock.

Floor & Decor Company 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.