EVR Research LP Takes Position in Floor & Decor Holdings, Inc. $FND

Key Points

• EVR Research LP bought a new stake in Floor & Decor during the fourth quarter, purchasing 85,000 shares worth about $5.2 million. The position represents 2.8% of EVR’s portfolio and about 0.08% of Floor & Decor’s shares outstanding.
• Several other institutional investors also increased their FND holdings, including large moves from Northwestern Mutual Wealth Management, Capital World Investors, and FIL Ltd. The activity suggests continued institutional interest in the stock despite recent weakness.
• Floor & Decor reported quarterly results that missed expectations, with EPS of $0.37 versus $0.42 expected and revenue of $1.15 billion versus $1.19 billion estimated. The stock was down 4.6%, and Wall Street currently has a consensus Hold rating with an average price target of $59.17.

EVR Research LP purchased a new stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 85,000 shares of the company's stock, valued at approximately $5,176,000. Floor & Decor makes up 2.8% of EVR Research LP's holdings, making the stock its 17th largest holding. EVR Research LP owned 0.08% of Floor & Decor at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FND. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Floor & Decor by 1,060,525.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,881,888 shares of the company's stock valued at $236,368,000 after buying an additional 3,881,522 shares in the last quarter. Capital World Investors boosted its holdings in shares of Floor & Decor by 37.2% in the 3rd quarter. Capital World Investors now owns 6,914,316 shares of the company's stock valued at $509,589,000 after buying an additional 1,872,892 shares in the last quarter. Champlain Investment Partners LLC bought a new stake in shares of Floor & Decor in the 4th quarter valued at about $108,060,000. Durable Capital Partners LP bought a new stake in shares of Floor & Decor in the 2nd quarter valued at about $106,221,000. Finally, FIL Ltd boosted its holdings in shares of Floor & Decor by 193.9% in the 4th quarter. FIL Ltd now owns 1,836,696 shares of the company's stock valued at $111,836,000 after buying an additional 1,211,731 shares in the last quarter.

Insiders Place Their Bets

In other Floor & Decor news, CEO Bradley Paulsen purchased 5,000 shares of Floor & Decor stock in a transaction on Monday, May 4th. The stock was bought at an average cost of $50.25 per share, with a total value of $251,250.00. Following the transaction, the chief executive officer owned 85,010 shares of the company's stock, valued at $4,271,752.50. This represents a 6.25% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ersan Sayman sold 15,200 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 71,676 shares of the company's stock, valued at $3,460,517.28. This represents a 17.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is currently owned by insiders.

Floor & Decor Stock Down 4.6%

FND stock opened at $50.08 on Thursday. The firm has a 50 day moving average of $49.86 and a 200 day moving average of $58.91. The stock has a market capitalization of $5.40 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 4.51 and a beta of 1.62. Floor & Decor Holdings, Inc. has a 52 week low of $42.64 and a 52 week high of $92.40.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.05). Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business earned $0.46 earnings per share. The firm's revenue for the quarter was down .7% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. On average, equities research analysts expect that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Citigroup lowered their price target on shares of Floor & Decor from $60.00 to $52.00 and set a "neutral" rating on the stock in a report on Friday, May 1st. Morgan Stanley reiterated a "positive" rating and issued a $56.00 target price on shares of Floor & Decor in a research note on Friday, May 1st. Bank of America cut shares of Floor & Decor from a "buy" rating to an "underperform" rating and set a $45.00 target price for the company. in a research note on Friday, April 17th. Barclays lowered their target price on shares of Floor & Decor from $77.00 to $63.00 and set an "equal weight" rating for the company in a research note on Friday, April 24th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $64.00 target price on shares of Floor & Decor in a research note on Friday, February 20th. 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. According to MarketBeat, Floor & Decor has an average rating of "Hold" and a consensus price target of $59.17.

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.

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