Renaissance Technologies LLC Purchases New Stake in Floor & Decor Holdings, Inc. $FND

Key Points

• Renaissance Technologies acquired a new 47,500-share stake in Floor & Decor during the first quarter, valued at approximately $2.4 million. Several other institutional investors also increased or initiated positions.
• Floor & Decor reported quarterly EPS of $0.58, beating estimates by $0.02, while revenue rose 3% year over year to $1.25 billion. The company issued fiscal 2026 EPS guidance of $2.20–$2.45.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $59.42. Shares recently opened at $59.28, while insider Thomas V. Taylor sold 218,189 shares for about $13.6 million.

Renaissance Technologies LLC acquired a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 47,500 shares of the company's stock, valued at approximately $2,413,000.

Other hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its position in shares of Floor & Decor by 8.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 73,289 shares of the company's stock valued at $3,723,000 after acquiring an additional 5,969 shares during the period. Caxton Associates LLP bought a new stake in shares of Floor & Decor in the 1st quarter worth approximately $2,165,000. Gibbs Wealth Management bought a new stake in shares of Floor & Decor in the 1st quarter worth approximately $427,000. Sei Investments Co. lifted its stake in Floor & Decor by 11.5% in the first quarter. Sei Investments Co. now owns 359,459 shares of the company's stock valued at $18,260,000 after purchasing an additional 37,113 shares during the last quarter. Finally, Militia Capital Management LLC purchased a new position in Floor & Decor in the first quarter valued at approximately $1,367,000.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on FND shares. Zacks Research raised Floor & Decor from a "strong sell" rating to a "hold" rating in a research report on Friday, July 3rd. Telsey Advisory Group lifted their price objective on Floor & Decor from $61.00 to $68.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Bank of America downgraded shares of Floor & Decor from a "buy" rating to an "underperform" rating and set a $45.00 price objective on the stock. in a report on Friday, April 17th. Morgan Stanley lifted their target price on shares of Floor & Decor from $56.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Friday, July 31st. Finally, Citigroup restated a "neutral" rating on shares of Floor & Decor in a research note on Thursday, July 16th. Five analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $59.42.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $59.28 on Tuesday. The company has a 50 day moving average of $55.14 and a 200 day moving average of $56.54. The stock has a market cap of $6.31 billion, a P/E ratio of 27.57, a P/E/G ratio of 5.08 and a beta of 1.57. Floor & Decor Holdings, Inc. has a 12 month low of $42.64 and a 12 month high of $92.40. The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08.

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 the consensus estimate of $0.56 by $0.02. Floor & Decor had a net margin of 4.93% and a return on equity of 8.20%. The business had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the company posted $0.58 EPS. The business'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, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 1.99 EPS for the current fiscal year.

Insider Activity

In related news, insider Thomas V. Taylor sold 218,189 shares of the business's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $62.30, for a total transaction of $13,593,174.70. Following the completion of the transaction, the insider directly owned 229,820 shares in the company, valued at $14,317,786. The trade was a 48.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.80% of the company's stock.

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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