Baird Financial Group Inc. Sells 55,776 Shares of Floor & Decor Holdings, Inc. $FND

Key Points

• Baird Financial Group reduced its Floor & Decor stake by 15.8%, selling 55,776 shares and retaining 296,893 shares valued at approximately $17.6 million.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $59.42; five analysts rate the stock Buy, 12 Hold, and three Sell.
• Floor & Decor exceeded quarterly expectations, reporting $0.58 in EPS and $1.25 billion in revenue, while revenue rose 3% year over year. Insider Thomas V. Taylor separately sold 218,189 shares for about $13.6 million.

Baird Financial Group Inc. lowered its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 15.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 296,893 shares of the company's stock after selling 55,776 shares during the period. Baird Financial Group Inc. owned about 0.28% of Floor & Decor worth $17,624,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Floor & Decor by 9.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company's stock worth $27,346,000 after buying an additional 30,195 shares during the last quarter. Invesco Ltd. increased its stake in shares of Floor & Decor by 290.8% in the second quarter. Invesco Ltd. now owns 597,083 shares of the company's stock valued at $45,354,000 after buying an additional 444,290 shares during the period. California Public Employees Retirement System increased its stake in shares of Floor & Decor by 12.7% in the second quarter. California Public Employees Retirement System now owns 140,132 shares of the company's stock valued at $10,644,000 after buying an additional 15,821 shares during the period. State Street Corp raised its holdings in Floor & Decor by 1.1% in the 2nd quarter. State Street Corp now owns 3,811,571 shares of the company's stock valued at $289,527,000 after buying an additional 42,636 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Floor & Decor by 33.9% in the 2nd quarter. Sei Investments Co. now owns 343,573 shares of the company's stock valued at $26,098,000 after buying an additional 87,013 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price 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. Zacks Research raised shares of Floor & Decor from a "strong sell" rating to a "hold" rating in a research note on Friday, July 3rd. Morgan Stanley lifted their price target on shares of Floor & Decor from $56.00 to $64.00 and gave the stock an "equal weight" rating in a report on Friday, July 31st. Piper Sandler boosted their price objective on shares of Floor & Decor from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Finally, Robert W. Baird set a $67.00 price objective on shares of Floor & Decor in a research note on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Floor & Decor presently has a consensus rating of "Hold" and a consensus price target of $59.42.

Insider Buying and Selling

In related news, insider Thomas V. Taylor sold 218,189 shares of the company's stock in a transaction that occurred 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 transaction, the insider directly owned 229,820 shares of the company's stock, valued at approximately $14,317,786. This represents a 48.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.

Floor & Decor Stock Performance

NYSE:FND opened at $47.36 on Friday. The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $5.04 billion, a P/E ratio of 22.03, a P/E/G ratio of 3.80 and a beta of 1.55. The company has a fifty day moving average of $54.94 and a 200-day moving average of $53.84. Floor & Decor Holdings, Inc. has a twelve month low of $42.64 and a twelve month high of $92.40.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.58 earnings per share for the quarter, beating 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 firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm posted $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 anticipate that Floor & Decor Holdings, Inc. will post 1.99 EPS for the current year.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company sells a broad selection of tile, natural stone, hardwood, laminate and luxury vinyl flooring, along with installation materials, tools, trims and accessories.

Floor & Decor serves do-it-yourself customers, professional flooring contractors, homebuilders, designers and commercial customers. Its stores generally operate in a warehouse-format model designed to offer a wide product assortment, and the company also sells through its e-commerce platform and provides design and project-support services.

Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor has expanded its store network across the United States.

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