First Trust Advisors LP Grows Stock Position in Floor & Decor Holdings, Inc. $FND

Key Points

• First Trust Advisors LP significantly increased its Floor & Decor stake by 351.9% in the first quarter, acquiring 47,530 additional shares for a total of 61,038 shares valued at approximately $3.1 million.
• Institutional ownership broadly strengthened, with Dimensional Fund Advisors adding 659,355 shares and several other firms—including Saturna Capital, PNC Financial and KBC Group—boosting their positions.
• Analyst sentiment remains mixed: Floor & Decor carries a consensus “Hold” rating and a $59.42 price target, while recent ratings included downgrades from Bank of America and Weiss Ratings. The company slightly beat quarterly EPS and revenue expectations, reporting $0.58 EPS and $1.25 billion in revenue.

First Trust Advisors LP increased its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 351.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,038 shares of the company's stock after acquiring an additional 47,530 shares during the period. First Trust Advisors LP owned about 0.06% of Floor & Decor worth $3,101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of FND. Saturna Capital Corp grew its position in Floor & Decor by 5.8% during the 1st quarter. Saturna Capital Corp now owns 9,635 shares of the company's stock worth $489,000 after acquiring an additional 527 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Floor & Decor by 14.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,815 shares of the company's stock worth $549,000 after purchasing an additional 1,379 shares during the period. Dimensional Fund Advisors LP lifted its position 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 purchasing an additional 659,355 shares during the last quarter. Balefire LLC bought a new stake in Floor & Decor in the first quarter valued at approximately $496,000. Finally, KBC Group NV boosted its stake in shares of Floor & Decor by 21.9% during the first quarter. KBC Group NV now owns 3,626 shares of the company's stock valued at $184,000 after purchasing an additional 651 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Guggenheim cut their target price on shares of Floor & Decor from $90.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, May 1st. The Goldman Sachs Group set a $53.00 price target on shares of Floor & Decor in a report on Saturday, August 1st. Bank of America lowered shares of Floor & Decor from a "buy" rating to an "underperform" rating and set a $45.00 price target on the stock. in a report on Friday, April 17th. Wolfe Research restated an "underperform" rating and issued a $41.00 price objective on shares of Floor & Decor in a research report on Tuesday, July 21st. Finally, Weiss Ratings cut shares of Floor & Decor from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Floor & Decor has an average rating of "Hold" and a consensus price target of $59.42.

Floor & Decor Price Performance

FND opened at $59.94 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.33. The stock has a market capitalization of $6.47 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 5.08 and a beta of 1.57. The stock's 50 day moving average price is $54.75 and its 200-day moving average price is $56.73. 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 announced its quarterly earnings results on Thursday, July 30th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Floor & Decor had a return on equity of 8.20% and a net margin of 4.93%.The firm's revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 earnings per share. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. On average, equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.99 EPS for the current year.

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.

Want to see what other hedge funds are holding FND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Floor & Decor Holdings, Inc. (NYSE:FND - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source