Bamco Inc. NY Acquires 453,483 Shares of Floor & Decor Holdings, Inc. $FND

Key Points

• Bamco Inc. NY raised its stake in Floor & Decor (NYSE:FND) by 42.2% in Q3, buying 453,483 shares to hold 1,527,395 shares (about 1.42% of the company) valued at roughly $112.57 million.
• Floor & Decor beat quarterly EPS estimates with $0.36 (vs. $0.35) on $1.13 billion of revenue (up ~2% YoY) and set FY2026 guidance of $1.98–$2.18 EPS, roughly in line with analyst expectations of ~2.0 EPS.
• Analysts hold a consensus "Hold" rating on FND (6 Buys, 13 Holds, 1 Sell) with a consensus price target of $78.24, after several recent mixed price-target adjustments.

Bamco Inc. NY grew its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 42.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,527,395 shares of the company's stock after purchasing an additional 453,483 shares during the period. Bamco Inc. NY owned approximately 1.42% of Floor & Decor worth $112,569,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Floor & Decor by 9.8% in 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 valued at $27,346,000 after acquiring an additional 30,195 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Floor & Decor by 4.4% in the second quarter. ProShare Advisors LLC now owns 4,770 shares of the company's stock worth $362,000 after acquiring an additional 202 shares during the last quarter. Wealth Alliance LLC bought a new stake in shares of Floor & Decor during the second quarter valued at approximately $214,000. Geode Capital Management LLC increased its holdings in shares of Floor & Decor by 0.6% in the second quarter. Geode Capital Management LLC now owns 1,893,763 shares of the company's stock valued at $143,874,000 after purchasing an additional 10,547 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its position in Floor & Decor by 6.0% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 40,313 shares of the company's stock worth $3,062,000 after purchasing an additional 2,276 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FND shares. Barclays upped their price objective on Floor & Decor from $70.00 to $77.00 and gave the stock an "equal weight" rating in a report on Friday, February 20th. Stifel Nicolaus dropped their target price on Floor & Decor from $92.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, December 16th. JPMorgan Chase & Co. cut their price target on Floor & Decor from $85.00 to $78.00 and set a "neutral" rating on the stock in a research note on Friday, February 20th. TD Cowen decreased their price target on Floor & Decor from $80.00 to $75.00 and set a "hold" rating on the stock in a report on Friday, February 20th. Finally, Morgan Stanley lowered their price objective on Floor & Decor from $90.00 to $88.00 and set an "equal weight" rating for the company in a research report on Thursday, January 15th. Six equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $78.24.

Floor & Decor Stock Up 2.3%

Shares of Floor & Decor stock opened at $57.01 on Friday. The business has a fifty day simple moving average of $68.41 and a 200 day simple moving average of $69.23. The stock has a market cap of $6.15 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.94 and a beta of 1.72. The company has a quick ratio of 0.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.08. Floor & Decor Holdings, Inc. has a 12 month low of $55.11 and a 12 month high of $92.40.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, February 19th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. Floor & Decor had a return on equity of 8.99% and a net margin of 4.45%.The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The company's quarterly revenue was up 2.0% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. Research analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Floor & Decor 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.

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