Summit Creek Advisors LLC Purchases Shares of 60,135 Floor & Decor Holdings, Inc. $FND

Key Points

• Summit Creek Advisors acquired 60,135 shares of Floor & Decor, valued at approximately $3.57 million, representing about 0.06% of the company.
• 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 stock opened at $56.19, with a market capitalization of roughly $5.98 billion.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $59.42; meanwhile, insider Thomas V. Taylor sold 218,189 shares for approximately $13.6 million.

Summit Creek Advisors LLC acquired a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 60,135 shares of the company's stock, valued at approximately $3,570,000. Summit Creek Advisors LLC owned approximately 0.06% of Floor & Decor at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Advisory Services Network LLC acquired a new position in Floor & Decor in the third quarter worth $26,000. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 buying an additional 247 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Floor & Decor during the fourth quarter worth $34,000. Clearstead Advisors LLC increased its position in Floor & Decor by 215.7% in the fourth quarter. Clearstead Advisors LLC now owns 562 shares of the company's stock worth $34,000 after purchasing an additional 384 shares during the period. Finally, State of Wyoming bought a new position in shares of Floor & Decor in the 2nd quarter valued at about $46,000.

Floor & Decor Stock Performance

NYSE FND opened at $56.19 on Wednesday. The firm has a market capitalization of $5.98 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 4.75 and a beta of 1.57. The firm's fifty day moving average price is $56.30 and its two-hundred day moving average price is $55.92. Floor & Decor Holdings, Inc. has a 1 year low of $42.64 and a 1 year 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 released 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. Floor & Decor had a return on equity of 8.20% and a net margin of 4.93%.The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the company earned $0.58 earnings per share. 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, research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.99 EPS for the current year.

Insider Transactions at Floor & Decor

In other news, insider Thomas V. Taylor sold 218,189 shares of Floor & Decor stock in a transaction on 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 sale, the insider owned 229,820 shares of the company's stock, valued at approximately $14,317,786. This trade represents a 48.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FND has been the topic of several recent research reports. Truist Financial raised their price target on Floor & Decor from $65.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Robert W. Baird set a $67.00 price objective on shares of Floor & Decor in a research report on Friday, July 31st. Morgan Stanley raised their price target on Floor & Decor from $56.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Friday, July 31st. UBS Group lifted their price target on shares of Floor & Decor from $55.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Finally, Zacks Research raised shares of Floor & Decor from a "strong sell" rating to a "hold" rating in a research note on Friday, July 3rd. 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 MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $59.42.

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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