Riverbridge Partners LLC Reduces Stock Holdings in Floor & Decor Holdings, Inc. $FND

Key Points

• Riverbridge Partners LLC cut its Floor & Decor stake by 5.9% in the first quarter, selling 41,083 shares and ending with 655,411 shares valued at about $33.3 million.
• Floor & Decor’s latest quarterly results missed Wall Street expectations, with EPS of $0.37 versus $0.42 expected and revenue of $1.15 billion versus $1.19 billion expected.
• Analysts remain cautious overall: the stock has a Hold consensus rating and average price target of $59.17, while recent insider activity included an EVP sale and a CFO purchase of shares.

Riverbridge Partners LLC lowered its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 655,411 shares of the company's stock after selling 41,083 shares during the period. Riverbridge Partners LLC owned 0.61% of Floor & Decor worth $33,295,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FND. Advisory Services Network LLC purchased a new stake in Floor & Decor in the third quarter worth about $26,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Floor & Decor by 207.6% during the 3rd 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 period. Clearstead Advisors LLC raised its position in shares of Floor & Decor by 215.7% in the 4th quarter. Clearstead Advisors LLC now owns 562 shares of the company's stock worth $34,000 after acquiring an additional 384 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Floor & Decor in the 4th quarter worth approximately $34,000. Finally, eCIO Inc. purchased a new position in shares of Floor & Decor in the 4th quarter valued at approximately $41,000.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Guggenheim dropped their price target on Floor & Decor from $90.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday, May 1st. Zacks Research downgraded Floor & Decor from a "hold" rating to a "strong sell" rating in a report on Wednesday, May 6th. Bank of America lowered Floor & Decor from a "buy" rating to an "underperform" rating and set a $45.00 price objective for the company. in a research report on Friday, April 17th. Stifel Nicolaus set a $75.00 target price on shares of Floor & Decor in a report on Friday, May 1st. Finally, Morgan Stanley reaffirmed a "positive" rating and issued a $56.00 target price on shares of Floor & Decor in a research report on Friday, May 1st. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $59.17.

Insider Transactions at Floor & Decor

In related news, EVP Ersan Sayman sold 15,200 shares of the business's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $48.28, for a total value of $733,856.00. Following the completion of the transaction, the executive vice president directly owned 71,676 shares in the company, valued at $3,460,517.28. The trade was a 17.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bryan Langley acquired 2,500 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was acquired at an average cost of $48.69 per share, for a total transaction of $121,725.00. Following the completion of the transaction, the chief financial officer directly owned 42,016 shares in the company, valued at $2,045,759.04. This represents a 6.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.80% of the company's stock.

Floor & Decor Trading Up 1.6%

NYSE FND opened at $51.58 on Wednesday. Floor & Decor Holdings, Inc. has a 12 month low of $42.64 and a 12 month high of $92.40. The stock's fifty day moving average price is $49.97 and its 200-day moving average price is $58.56. The stock has a market cap of $5.56 billion, a P/E ratio of 28.03, a P/E/G ratio of 4.37 and a beta of 1.62.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.05). Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the firm earned $0.46 EPS. The business's revenue for the quarter was down .7% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. As a group, analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 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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