Bank of America Corp DE Purchases 202,977 Shares of Floor & Decor Holdings, Inc. $FND

Key Points

• Bank of America increased its Floor & Decor stake by 15.6%, purchasing 202,977 additional shares to hold 1.50 million shares worth approximately $76.3 million, or 1.39% of the company.
• Floor & Decor reported quarterly earnings of $0.58 per share, beating estimates by $0.02, while revenue rose 3% year over year to $1.25 billion. The company issued fiscal 2026 EPS guidance of $2.20–$2.45.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and an average price target of $59.42; shares recently opened at $62.61.

Bank of America Corp DE raised its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 15.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,501,698 shares of the company's stock after acquiring an additional 202,977 shares during the quarter. Bank of America Corp DE owned about 1.39% of Floor & Decor worth $76,286,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in shares of Floor & Decor in the 3rd quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. grew its stake in Floor & Decor by 207.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company's stock worth $27,000 after purchasing an additional 247 shares during the period. Los Angeles Capital Management LLC bought a new stake in Floor & Decor in the fourth quarter worth approximately $34,000. Clearstead Advisors LLC increased its holdings in Floor & Decor by 215.7% in the fourth quarter. Clearstead Advisors LLC now owns 562 shares of the company's stock worth $34,000 after purchasing an additional 384 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of Floor & Decor during the 2nd quarter worth approximately $46,000.

Floor & Decor Stock Performance

NYSE FND opened at $62.61 on Monday. The company has a fifty day simple moving average of $54.97 and a 200 day simple moving average of $56.64. Floor & Decor Holdings, Inc. has a 12-month low of $42.64 and a 12-month high of $92.40. The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. The company has a market cap of $6.67 billion, a P/E ratio of 29.12, a PEG ratio of 5.08 and a beta of 1.57.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.58 earnings per share 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 firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. The business's 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FND has been the topic of a number of research reports. Truist Financial boosted their target price on shares of Floor & Decor from $65.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Citigroup restated a "neutral" rating on shares of Floor & Decor in a report on Thursday, July 16th. JPMorgan Chase & Co. dropped their price objective on shares of Floor & Decor from $78.00 to $48.00 and set a "neutral" rating on the stock in a report on Friday, April 24th. The Goldman Sachs Group set a $53.00 price objective on shares of Floor & Decor in a report on Saturday, August 1st. Finally, Mizuho cut their price objective on shares of Floor & Decor from $72.00 to $58.00 and set a "neutral" rating on the stock in a research report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $59.42.

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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