Floor & Decor Holdings, Inc. $FND Shares Purchased by Carlson Capital L.P.

Key Points

• Carlson Capital L.P. nearly tripled its Floor & Decor stake during the first quarter, purchasing 24,278 additional shares and ending with 36,478 shares valued at approximately $1.85 million.
• Floor & Decor reported better-than-expected quarterly results, with revenue up 3% to $1.25 billion and adjusted EPS of $0.58. The company raised its FY2026 EPS guidance to $2.20–$2.45, though comparable-store sales remain under pressure.
• Analyst sentiment remains mixed: the stock has an overall “Hold” consensus with a $59.42 target price, while recent target changes ranged from reductions to $58–$65 to increases as high as $70.

Carlson Capital L.P. increased its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 199.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,478 shares of the company's stock after buying an additional 24,278 shares during the quarter. Floor & Decor comprises 0.6% of Carlson Capital L.P.'s investment portfolio, making the stock its 27th biggest holding. Carlson Capital L.P.'s holdings in Floor & Decor were worth $1,853,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in shares of Floor & Decor in the third quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 acquiring an additional 247 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Floor & Decor in the 1st quarter valued at $31,000. Clearstead Advisors LLC increased its holdings in shares of Floor & Decor by 215.7% in the 4th quarter. Clearstead Advisors LLC now owns 562 shares of the company's stock valued at $34,000 after acquiring an additional 384 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in Floor & Decor in the 4th quarter valued at $34,000.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Floor & Decor from a "sell" rating to a "hold" rating in a research note on Saturday. Wells Fargo & Company lifted their price objective on shares of Floor & Decor from $50.00 to $55.00 and gave the company an "equal weight" rating in a research note on Friday. Zelman & Associates reduced their target price on shares of Floor & Decor from $80.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, April 17th. Citigroup reaffirmed a "neutral" rating on shares of Floor & Decor in a report on Thursday, July 16th. Finally, Mizuho decreased their target price on shares of Floor & Decor from $72.00 to $58.00 and set a "neutral" rating for the company in a research note on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, Floor & Decor currently has an average rating of "Hold" and a consensus target price of $59.42.

Floor & Decor News Summary

Here are the key news stories impacting Floor & Decor this week:

• Positive Sentiment: Q2 results exceeded expectations: Revenue rose 3.0% year over year to $1.25 billion, ahead of the approximately $1.23 billion consensus, while adjusted EPS of $0.58 topped estimates of $0.56-$0.57. Floor & Decor second-quarter fiscal 2026 results
• Positive Sentiment: Full-year outlook improved: Floor & Decor raised FY2026 diluted EPS guidance to $2.20-$2.45 from $1.83-$2.08, above the roughly $1.91 analyst consensus. The company also expects revenue of approximately $4.8-$5.0 billion. Floor & Decor earnings and revenue beat estimates
• Positive Sentiment: Sales trends improved during the quarter: Comparable-store sales declined 5.1% in April but were nearly flat by June, suggesting demand stabilized as the quarter progressed. The company also repurchased $65.7 million of stock.
• Positive Sentiment: Analysts raised targets: Truist lifted its price target from $65 to $70 and maintained a “buy” rating, while Morgan Stanley raised its target from $56 to $64 but retained an “equal weight” rating. Benzinga analyst price-target updates
• Neutral Sentiment: Mixed insider and institutional activity: The CEO and CFO recently purchased shares, while an executive sold shares. Institutional positioning was also mixed, with 236 investors adding shares and 211 reducing positions in the latest quarter.
• Negative Sentiment: Comparable sales remained under pressure: Despite the late-quarter improvement, the company continues to face weakness in discretionary home-improvement demand, with full-year comparable-store sales expectations ranging from flat to down 4%.

Insider Activity

In other news, CFO Bryan Langley purchased 2,500 shares of the company's stock in a transaction dated Monday, May 4th. The shares were acquired at an average cost of $48.69 per share, for a total transaction of $121,725.00. Following the completion of the purchase, the chief financial officer directly owned 42,016 shares in the company, valued at $2,045,759.04. The trade was a 6.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bradley Paulsen purchased 5,000 shares of the business's stock in a transaction that occurred on Monday, May 4th. The shares were purchased at an average cost of $50.25 per share, with a total value of $251,250.00. Following the completion of the acquisition, the chief executive officer directly owned 85,010 shares of the company's stock, valued at $4,271,752.50. This represents a 6.25% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.80% of the company's stock.

Floor & Decor Price Performance

NYSE:FND opened at $57.95 on Friday. The firm's fifty day moving average price is $53.89 and its 200 day moving average price is $57.30. Floor & Decor Holdings, Inc. has a 1-year low of $42.64 and a 1-year high of $92.40. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 4.61 and a beta of 1.58.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.23 billion. Floor & Decor had a net margin of 4.93% and a return on equity of 8.27%. Floor & Decor's revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 EPS. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. As a group, analysts expect that Floor & Decor Holdings, Inc. will post 1.94 earnings per share for the current fiscal 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.

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