VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.82 Million in Floor & Decor Holdings, Inc. $FND

Key Points

• Virginia Retirement Systems acquired 30,700 shares of Floor & Decor valued at approximately $1.82 million during the second quarter, joining other institutional investors that recently increased their positions.
• Analysts maintain a largely neutral view of the stock, with five Buy, twelve Hold and three Sell ratings; the average price target is $59.42 versus a recent share price of $47.36.
• Floor & Decor exceeded quarterly expectations with adjusted earnings of $0.58 per share and revenue of $1.25 billion, while insider Thomas V. Taylor sold 218,189 shares for about $13.6 million.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 30,700 shares of the company's stock, valued at approximately $1,822,000.

Other large investors have also bought and sold shares of the company. Advisory Services Network LLC bought a new stake in shares of Floor & Decor in the 3rd quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Floor & Decor by 207.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company's stock valued at $27,000 after acquiring an additional 247 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Floor & Decor during the 4th quarter valued at approximately $34,000. Clearstead Advisors LLC raised its holdings in Floor & Decor by 215.7% during the 4th quarter. Clearstead Advisors LLC now owns 562 shares of the company's stock worth $34,000 after purchasing an additional 384 shares during the last quarter. Finally, State of Wyoming bought a new position in Floor & Decor during the 2nd quarter worth approximately $46,000.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FND. Evercore set a $60.00 price objective on shares of Floor & Decor in a research note on Tuesday, July 7th. Weiss Ratings downgraded shares of Floor & Decor from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday. Zacks Research upgraded shares of Floor & Decor from a "strong sell" rating to a "hold" rating in a report on Friday, July 3rd. TD Cowen reaffirmed a "hold" rating on shares of Floor & Decor in a research report on Monday, August 3rd. Finally, Wells Fargo & Company increased their price target on Floor & Decor from $50.00 to $55.00 and gave the stock an "equal weight" rating in a report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Floor & Decor presently has an average rating of "Hold" and an average target price of $59.42.

Floor & Decor Stock Up 1.0%

Shares of NYSE FND opened at $47.36 on Friday. The firm has a market cap of $5.04 billion, a PE ratio of 22.03, a P/E/G ratio of 3.80 and a beta of 1.55. Floor & Decor Holdings, Inc. has a 12-month low of $42.64 and a 12-month high of $92.40. The company's fifty day simple moving average is $54.94 and its 200 day simple moving average is $53.84. The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.08.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Floor & Decor had a net margin of 4.93% and a return on equity of 8.20%. The business's revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 earnings per share. 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 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Thomas V. Taylor sold 218,189 shares of the company's stock in a transaction that occurred 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 transaction, the insider directly owned 229,820 shares of the company's stock, valued at approximately $14,317,786. This represents a 48.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.

About Floor & Decor

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

Floor & Decor serves do-it-yourself customers, professional flooring contractors, homebuilders, designers and commercial customers. Its stores generally operate in a warehouse-format model designed to offer a wide product assortment, and the company also sells through its e-commerce platform and provides design and project-support services.

Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor has expanded its store network across the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.