Carlson Capital L.P. Grows Position in Floor & Decor Holdings, Inc. $FND

Carlson Capital L.P. raised its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 199.0% in the first quarter, Holdings Channel.com reports. The fund owned 36,478 shares of the company’s stock after buying an additional 24,278 shares during the quarter. Floor & Decor makes up 0.6% of Carlson Capital L.P.’s investment portfolio, making the stock its 27th largest position. Carlson Capital L.P.’s holdings in Floor & Decor were worth $1,853,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in FND. Cibc World Market Inc. grew its stake in shares of Floor & Decor by 1.6% during the 4th quarter. Cibc World Market Inc. now owns 9,253 shares of the company’s stock worth $563,000 after purchasing an additional 146 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Floor & Decor by 50.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock valued at $34,000 after purchasing an additional 186 shares during the period. Capital Analysts LLC lifted its stake in shares of Floor & Decor by 32.2% in the fourth quarter. Capital Analysts LLC now owns 767 shares of the company’s stock valued at $47,000 after purchasing an additional 187 shares during the period. Global Retirement Partners LLC boosted its holdings in Floor & Decor by 35.5% during the fourth quarter. Global Retirement Partners LLC now owns 722 shares of the company’s stock worth $44,000 after buying an additional 189 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Floor & Decor by 0.3% during the third quarter. CANADA LIFE ASSURANCE Co now owns 78,410 shares of the company’s stock worth $5,895,000 after buying an additional 221 shares in the last quarter.

Insider Transactions at Floor & Decor

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FND. Robert W. Baird set a $67.00 target price on shares of Floor & Decor in a research report on Friday. TD Cowen decreased their price target on Floor & Decor from $60.00 to $48.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Weiss Ratings cut Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Wolfe Research restated an “underperform” rating and issued a $41.00 price target on shares of Floor & Decor in a report on Tuesday, July 21st. Finally, Truist Financial raised their price objective on Floor & Decor from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday. Five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $59.42.

Key Floor & Decor News

Here are the key news stories impacting Floor & Decor this week:

• Positive Sentiment: Q2 results exceeded expectations: Revenue rose 3.0% year over year to $1.25 billion, ahead of the approximately $1.23 billion consensus, while adjusted EPS of $0.58 topped estimates of $0.56-$0.57. Floor & Decor second-quarter fiscal 2026 results
• Positive Sentiment: Full-year outlook improved: Floor & Decor raised FY2026 diluted EPS guidance to $2.20-$2.45 from $1.83-$2.08, above the roughly $1.91 analyst consensus. The company also expects revenue of approximately $4.8-$5.0 billion. Floor & Decor earnings and revenue beat estimates
• Positive Sentiment: Sales trends improved during the quarter: Comparable-store sales declined 5.1% in April but were nearly flat by June, suggesting demand stabilized as the quarter progressed. The company also repurchased $65.7 million of stock.
• Positive Sentiment: Analysts raised targets: Truist lifted its price target from $65 to $70 and maintained a “buy” rating, while Morgan Stanley raised its target from $56 to $64 but retained an “equal weight” rating. Benzinga analyst price-target updates
• Neutral Sentiment: Mixed insider and institutional activity: The CEO and CFO recently purchased shares, while an executive sold shares. Institutional positioning was also mixed, with 236 investors adding shares and 211 reducing positions in the latest quarter.
• Negative Sentiment: Comparable sales remained under pressure: Despite the late-quarter improvement, the company continues to face weakness in discretionary home-improvement demand, with full-year comparable-store sales expectations ranging from flat to down 4%.

Floor & Decor Trading Up 4.8%

Shares of NYSE FND opened at $57.95 on Friday. The company’s 50-day moving average price is $53.89 and its 200 day moving average price is $57.30. Floor & Decor Holdings, Inc. has a 52 week low of $42.64 and a 52 week high of $92.40. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 4.61 and a beta of 1.58.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Floor & Decor had a net margin of 4.93% and a return on equity of 8.27%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 earnings per share. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. As a group, research analysts expect that Floor & Decor Holdings, Inc. will post 1.94 earnings per share for the current year.

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.