EVR Research LP Makes New $5.18 Million Investment in Floor & Decor Holdings, Inc. $FND

EVR Research LP bought a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 85,000 shares of the company’s stock, valued at approximately $5,176,000. Floor & Decor makes up about 2.8% of EVR Research LP’s investment portfolio, making the stock its 17th biggest position.

Several other institutional investors have also recently made changes to their positions in FND. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Floor & Decor by 1,060,525.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,881,888 shares of the company’s stock valued at $236,368,000 after purchasing an additional 3,881,522 shares in the last quarter. Capital World Investors increased its holdings in shares of Floor & Decor by 37.2% during the 3rd quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock valued at $509,589,000 after purchasing an additional 1,872,892 shares in the last quarter. Champlain Investment Partners LLC purchased a new position in shares of Floor & Decor during the 4th quarter valued at approximately $108,060,000. Durable Capital Partners LP purchased a new position in shares of Floor & Decor during the 2nd quarter valued at approximately $106,221,000. Finally, FIL Ltd increased its holdings in shares of Floor & Decor by 193.9% during the 4th quarter. FIL Ltd now owns 1,836,696 shares of the company’s stock valued at $111,836,000 after purchasing an additional 1,211,731 shares in the last quarter.

Analysts Set New Price Targets

FND has been the subject 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 for the company in a report on Friday, April 24th. Weiss Ratings lowered shares of Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Telsey Advisory Group cut their target price on shares of Floor & Decor from $80.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Zacks Research lowered shares of Floor & Decor from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Finally, Zelman & Associates cut their target price on shares of Floor & Decor from $80.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and an average price target of $59.17.

Floor & Decor Stock Performance

Shares of NYSE FND opened at $50.08 on Thursday. The firm has a market cap of $5.40 billion, a PE ratio of 27.22, a PEG ratio of 4.51 and a beta of 1.62. The firm has a fifty day moving average of $49.86 and a 200 day moving average of $58.91. Floor & Decor Holdings, Inc. has a one year low of $42.64 and a one year high of $92.40.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.Floor & Decor’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 EPS. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. On average, equities analysts predict that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Bradley Paulsen purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was bought at an average price of $50.25 per share, with a total value of $251,250.00. Following the acquisition, the chief executive officer owned 85,010 shares in the company, valued at $4,271,752.50. The trade was a 6.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bryan Langley purchased 2,500 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was bought at an average cost of $48.69 per share, with a total value of $121,725.00. Following the acquisition, the chief financial officer owned 42,016 shares in the company, valued at $2,045,759.04. This represents a 6.33% increase in their position. The SEC filing for this purchase provides additional information. 1.80% of the stock is owned by insiders.

About Floor & Decor

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.