126,751 Floor & Decor Holdings, Inc. $FND Shares Acquired by Confluence Investment Management LLC

Confluence Investment Management LLC increased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 96.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 258,061 shares of the company’s stock after buying an additional 126,751 shares during the period. Confluence Investment Management LLC owned about 0.24% of Floor & Decor worth $11,822,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FND. Sequoia Financial Advisors LLC grew its stake in shares of Floor & Decor by 47.2% in the second quarter. Sequoia Financial Advisors LLC now owns 27,717 shares of the company’s stock worth $1,645,000 after purchasing an additional 8,892 shares during the last quarter. WINTON GROUP Ltd acquired a new position in Floor & Decor during the 2nd quarter worth about $5,623,000. Integrated Wealth Concepts LLC acquired a new position in Floor & Decor during the 2nd quarter worth about $229,000. Allworth Financial LP grew its position in shares of Floor & Decor by 542.5% in the 2nd 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 during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Floor & Decor by 0.8% in the second quarter. Arizona State Retirement System now owns 29,826 shares of the company’s stock valued at $1,770,000 after buying an additional 224 shares during the period.

Insider Buying and Selling

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 shares were sold at an average price of $62.30, for a total value of $13,593,174.70. Following the completion of the sale, the insider directly owned 229,820 shares of the company’s stock, valued at approximately $14,317,786. The trade was a 48.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Truist Financial lifted their price objective on Floor & Decor from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. UBS Group raised their price target 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. Robert W. Baird set a $67.00 price target on shares of Floor & Decor in a research report on Friday, July 31st. Piper Sandler upped their price objective on shares of Floor & Decor from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, The Goldman Sachs Group set a $53.00 price objective on shares of Floor & Decor in a research report on Saturday, August 1st. Five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Floor & Decor presently has an average rating of “Hold” and a consensus target price of $59.16.

Floor & Decor Trading Down 0.1%

Shares of Floor & Decor stock traded down $0.06 on Thursday, reaching $45.76. 1,245,841 shares of the company’s stock were exchanged, compared to its average volume of 2,691,405. The company has a market capitalization of $4.87 billion, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 3.82 and a beta of 1.55. Floor & Decor Holdings, Inc. has a 52 week low of $42.64 and a 52 week high of $77.46. The firm’s 50-day moving average is $52.69 and its two-hundred day moving average is $52.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.33.

Floor & Decor (NYSE:FND) 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. Floor & Decor had a net margin of 4.93% and a return on equity of 8.20%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm posted $0.58 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. Sell-side analysts predict that Floor & Decor Holdings, Inc. will post 1.99 EPS for the current fiscal year.

Floor & Decor Profile

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.