Floor & Decor Holdings, Inc. $FND Stock: Davidson Kahn Capital Management LLC Trims Position

Key Points

• Davidson Kahn Capital Management reduced its Floor & Decor stake by 56.7% in the third quarter, selling 42,656 shares and retaining 32,557 shares valued at approximately $1.49 million.
• Analyst sentiment remains cautious: FND has a consensus “Hold” rating and an average price target of $56.50, with 4 Buy, 14 Hold, and 3 Sell ratings.
• Floor & Decor reported quarterly revenue of $1.25 billion and EPS of $0.58, beating estimates, while shares opened at $47.33—near the lower end of their $42.64–$77.46 12-month range.

Davidson Kahn Capital Management LLC cut its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 56.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,557 shares of the company's stock after selling 42,656 shares during the quarter. Davidson Kahn Capital Management LLC's holdings in Floor & Decor were worth $1,491,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in shares of Floor & Decor by 3,263.2% in the third quarter. Versant Capital Management Inc now owns 639 shares of the company's stock valued at $29,000 after buying an additional 620 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Floor & Decor in the first quarter valued at approximately $31,000. TD Waterhouse Canada Inc. acquired a new stake in Floor & Decor during the 3rd quarter valued at $43,000. Leonteq Securities AG increased its position in Floor & Decor by 320.7% during the 1st quarter. Leonteq Securities AG now owns 1,077 shares of the company's stock worth $55,000 after purchasing an additional 821 shares in the last quarter. Finally, GK Wealth Management LLC purchased a new position in shares of Floor & Decor during the 3rd quarter worth $57,000.

Analyst Ratings Changes

Several research analysts recently weighed in on FND shares. Robert W. Baird set a $67.00 target price on Floor & Decor in a research report on Friday, July 31st. Jefferies Financial Group reduced their target price on shares of Floor & Decor from $59.00 to $47.00 and set a "hold" rating on the stock in a research report on Tuesday, October 20th. Zacks Research raised shares of Floor & Decor from a "strong sell" rating to a "hold" rating in a research report on Friday, July 3rd. Evercore set a $50.00 price target on shares of Floor & Decor in a research report on Tuesday, October 13th. Finally, Wolfe Research reaffirmed an "underperform" rating and set a $41.00 price target on shares of Floor & Decor in a research report on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $56.50.

Floor & Decor Stock Performance

Shares of FND opened at $47.33 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 0.45. The firm's 50 day moving average is $48.43 and its 200-day moving average is $55.33. Floor & Decor Holdings, Inc. has a 12-month low of $42.64 and a 12-month high of $77.46. The stock has a market capitalization of $5.04 billion, a P/E ratio of 22.01, a P/E/G ratio of 3.88 and a beta of 1.60.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.23 billion. During the same period last year, the company posted $0.58 EPS. The company's revenue 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. Equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.99 EPS for the current fiscal year.

Insider Transactions at Floor & Decor

In related news, insider Thomas V. Taylor sold 218,189 shares of the company'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 completion of the sale, the insider directly owned 229,820 shares in the company, valued at approximately $14,317,786. This represents a 48.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.80% of the stock is currently owned by insiders.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company offers a broad selection of tile, natural stone, wood, laminate and vinyl flooring, along with installation materials, tools, accessories and home-decor items.

Floor & Decor serves homeowners, professional installers, designers, remodelers and commercial customers through warehouse-format stores, smaller design studios and its e-commerce platform. Its stores are designed to provide a wide product assortment for renovation and construction projects, while also offering services such as design support and product fulfillment.

Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor operates primarily in the United States.

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