TD Asset Management Inc Acquires 20,182 Shares of Floor & Decor Holdings, Inc. $FND

Key Points

• TD Asset Management increased its stake in Floor & Decor by 134.7%, acquiring 20,182 shares to hold 35,162 shares valued at about $2.59 million at quarter-end.
• Analysts are mixed on FND—recent price-target changes leave the consensus rating at Hold with an average target of $78.24.
• Floor & Decor slightly beat quarterly EPS expectations ($0.36 vs. $0.35) on $1.13B revenue (up 2% YoY), set FY2026 guidance of $1.98–$2.18 EPS, and the stock trades near $64 with a market cap of $6.92B and a P/E of 33.4.

TD Asset Management Inc lifted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 134.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 35,162 shares of the company's stock after acquiring an additional 20,182 shares during the quarter. TD Asset Management Inc's holdings in Floor & Decor were worth $2,591,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FND. State of Wyoming bought a new stake in Floor & Decor in the second quarter worth $46,000. Steph & Co. bought a new position in shares of Floor & Decor during the third quarter valued at about $48,000. Mather Group LLC. purchased a new position in shares of Floor & Decor in the third quarter worth about $49,000. Bank of Jackson Hole Trust lifted its stake in shares of Floor & Decor by 37.7% in the 3rd quarter. Bank of Jackson Hole Trust now owns 679 shares of the company's stock valued at $50,000 after acquiring an additional 186 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in shares of Floor & Decor by 27.2% in the 3rd quarter. AlphaQuest LLC now owns 805 shares of the company's stock valued at $59,000 after acquiring an additional 172 shares during the last quarter.

Wall Street Analyst Weigh In

FND has been the topic of several recent research reports. Evercore reduced their price target on Floor & Decor from $75.00 to $65.00 and set an "in-line" rating on the stock in a research report on Tuesday, November 11th. Zacks Research raised Floor & Decor from a "strong sell" rating to a "hold" rating in a research note on Tuesday, November 25th. Wall Street Zen cut shares of Floor & Decor from a "hold" rating to a "sell" rating in a report on Sunday, November 9th. Barclays lifted their target price on shares of Floor & Decor from $70.00 to $77.00 and gave the stock an "equal weight" rating in a research note on Friday, February 20th. Finally, UBS Group dropped their price target on shares of Floor & Decor from $74.00 to $70.00 and set a "neutral" rating for the company in a research report on Friday, February 20th. Six investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $78.24.

Floor & Decor Trading Down 3.4%

NYSE:FND opened at $64.12 on Thursday. The company has a 50-day moving average price of $68.83 and a 200-day moving average price of $70.42. Floor & Decor Holdings, Inc. has a 12 month low of $55.11 and a 12 month high of $95.83. The company has a current ratio of 1.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 33.40, a P/E/G ratio of 2.26 and a beta of 1.72.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Floor & Decor had a net margin of 4.45% and a return on equity of 8.99%. The company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter in the previous year, the company earned $0.44 earnings per share. Floor & Decor's quarterly revenue was up 2.0% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. Equities analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current 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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