Boothbay Fund Management LLC Grows Holdings in Floor & Decor Holdings, Inc. $FND

Key Points

• Boothbay Fund Management increased its Floor & Decor stake by 176.4% in the fourth quarter, ending with 288,440 shares valued at about $17.6 million.
• Floor & Decor shares were down 4.6% and opened at $50.08, well below the 52-week high of $92.40; the stock also recently traded below its 200-day moving average.
• The company missed quarterly expectations, reporting EPS of $0.37 versus $0.42 expected and revenue of $1.15 billion versus $1.19 billion expected, while analysts currently rate the stock a Hold with a $59.17 average price target.

Boothbay Fund Management LLC grew its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 176.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 288,440 shares of the company's stock after purchasing an additional 184,080 shares during the period. Floor & Decor comprises approximately 0.3% of Boothbay Fund Management LLC's holdings, making the stock its 27th largest holding. Boothbay Fund Management LLC owned approximately 0.27% of Floor & Decor worth $17,563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cibc World Market Inc. increased its stake in Floor & Decor by 1.6% in the fourth 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. Fifth Third Bancorp increased its stake in Floor & Decor by 19.0% in the third quarter. Fifth Third Bancorp now owns 1,141 shares of the company's stock worth $84,000 after purchasing an additional 182 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Floor & Decor by 50.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company's stock worth $34,000 after purchasing an additional 186 shares during the period. Capital Analysts LLC increased its stake in Floor & Decor by 32.2% in the fourth quarter. Capital Analysts LLC now owns 767 shares of the company's stock worth $47,000 after purchasing an additional 187 shares during the period. Finally, Global Retirement Partners LLC increased its stake in Floor & Decor by 35.5% in the fourth quarter. Global Retirement Partners LLC now owns 722 shares of the company's stock worth $44,000 after purchasing an additional 189 shares during the period.

Floor & Decor Trading Down 4.6%

Shares of FND stock opened at $50.08 on Thursday. Floor & Decor Holdings, Inc. has a twelve month low of $42.64 and a twelve month high of $92.40. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 27.22, a P/E/G ratio of 4.51 and a beta of 1.62. The stock has a fifty day simple moving average of $49.86 and a two-hundred day simple moving average of $58.91.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.05). The company had revenue of $1.15 billion for 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%.The company's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. Research analysts predict that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Telsey Advisory Group reduced their target price on Floor & Decor from $80.00 to $61.00 and set an "outperform" rating on the stock in a research note on Friday, May 1st. Weiss Ratings lowered Floor & Decor from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, May 11th. Bank of America cut Floor & Decor from a "buy" rating to an "underperform" rating and set a $45.00 target price for the company. in a report on Friday, April 17th. Zacks Research cut Floor & Decor from a "hold" rating to a "strong sell" rating in a report on Wednesday, May 6th. Finally, Stifel Nicolaus set a $75.00 target price on Floor & Decor in a report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $59.17.

Insider Buying and Selling

In related news, EVP Ersan Sayman sold 15,200 shares of the company's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $48.28, for a total transaction of $733,856.00. Following the completion of the sale, the executive vice president directly owned 71,676 shares in the company, valued at $3,460,517.28. This represents a 17.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Bradley Paulsen acquired 5,000 shares of the firm's stock in a transaction that occurred on Monday, May 4th. The shares were bought at an average price of $50.25 per share, with a total value of $251,250.00. Following the completion of the purchase, the chief executive officer directly 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 disclosure for this purchase is available in the SEC filing. 1.80% of the stock is currently owned by company insiders.

Floor & Decor Company 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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