Fenimore Asset Management Inc Acquires 39,020 Shares of Floor & Decor Holdings, Inc. $FND

Key Points

• Fenimore Asset Management increased its Floor & Decor stake by 11% in the third quarter, adding 39,020 shares to hold 392,536 shares valued at approximately $18.0 million.
• Institutional ownership broadly increased, but insider Thomas V. Taylor sold 218,189 shares for about $13.6 million, reducing his position by 48.7%; insiders now own 1.8% of the stock.
• Analysts maintain a generally neutral outlook, with an average “Hold” rating and $59.16 price target. Floor & Decor recently beat quarterly EPS and revenue estimates, while shares traded at $46.50, near the lower end of their 52-week range.

Fenimore Asset Management Inc raised its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 11.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 392,536 shares of the company's stock after acquiring an additional 39,020 shares during the quarter. Fenimore Asset Management Inc owned about 0.37% of Floor & Decor worth $17,982,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FND. Principal Financial Group Inc. boosted its position in shares of Floor & Decor by 6.5% in the 1st quarter. Principal Financial Group Inc. now owns 6,837,639 shares of the company's stock worth $347,354,000 after purchasing an additional 416,572 shares during the last quarter. Wasatch Advisors LP increased its holdings in Floor & Decor by 23.1% in the first quarter. Wasatch Advisors LP now owns 2,897,074 shares of the company's stock valued at $147,171,000 after purchasing an additional 543,744 shares during the last quarter. Turtle Creek Asset Management Inc. lifted its stake in Floor & Decor by 41.7% in the first quarter. Turtle Creek Asset Management Inc. now owns 2,757,643 shares of the company's stock valued at $140,088,000 after buying an additional 811,910 shares during the period. Dimensional Fund Advisors LP lifted its stake in Floor & Decor by 33.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,606,871 shares of the company's stock valued at $132,424,000 after buying an additional 659,355 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Floor & Decor by 15.6% during the first quarter. Bank of America Corp DE now owns 1,501,698 shares of the company's stock worth $76,286,000 after buying an additional 202,977 shares during the last quarter.

Insider Activity at Floor & Decor

In related news, insider Thomas V. Taylor sold 218,189 shares of the business's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $62.30, for a total value of $13,593,174.70. Following the sale, the insider directly owned 229,820 shares of the company's stock, valued at approximately $14,317,786. The trade was a 48.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

FND has been the subject of a number of recent analyst reports. Evercore set a $55.00 price target on Floor & Decor in a research note on Tuesday, September 29th. UBS Group boosted their price objective on shares of Floor & Decor from $55.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, July 31st. TD Cowen reaffirmed a "hold" rating on shares of Floor & Decor in a research note on Monday, August 3rd. Zacks Research upgraded shares of Floor & Decor from a "strong sell" rating to a "hold" rating in a report on Friday, July 3rd. Finally, Weiss Ratings raised shares of Floor & Decor from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, September 25th. Five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $59.16.

Floor & Decor Stock Up 1.5%

Shares of NYSE:FND traded up $0.68 during trading on Thursday, hitting $46.50. 3,335,099 shares of the company's stock traded hands, compared to its average volume of 2,694,959. Floor & Decor Holdings, Inc. has a 52 week low of $42.64 and a 52 week high of $77.46. 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 $4.95 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 3.81 and a beta of 1.60. The company has a 50-day moving average price of $51.81 and a 200-day moving average price of $51.86.

Floor & Decor (NYSE:FND - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. Floor & Decor had a return on equity of 8.20% and a net margin of 4.93%.The business had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the business earned $0.58 EPS. Floor & Decor's revenue for the quarter 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, research analysts forecast that Floor & Decor Holdings, Inc. will post 1.99 EPS for the current fiscal year.

About Floor & Decor

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company sells tile, natural stone, wood, laminate and luxury vinyl flooring, along with installation materials, tools, accessories and decorative products for residential and commercial projects.

Floor & Decor operates warehouse-format stores and an e-commerce platform serving do-it-yourself customers, professional contractors, designers and commercial clients. Its stores generally offer a broad selection of in-stock flooring products, design services, installation supplies and related project resources.

Founded in 2000 and headquartered in Atlanta, Georgia, the company serves customers across the United States.

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