Wasatch Advisors LP Cuts Stock Position in Floor & Decor Holdings, Inc. $FND

Key Points

• Wasatch Advisors cut its Floor & Decor position by 20.5% in the second quarter, selling 592,454 shares and retaining 2.30 million shares worth approximately $136.8 million.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $59.42; individual targets range from $41 to $75.
• Floor & Decor reported quarterly EPS of $0.58, exceeding estimates by $0.02, while revenue rose 3.0% year over year to $1.25 billion. Separately, insider Thomas V. Taylor sold shares worth approximately $13.6 million.

Wasatch Advisors LP cut its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 20.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,304,620 shares of the company's stock after selling 592,454 shares during the quarter. Wasatch Advisors LP owned approximately 2.14% of Floor & Decor worth $136,802,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Littlejohn & Co. LLC purchased a new stake in shares of Floor & Decor during the 4th quarter worth approximately $7,916,000. WINTON GROUP Ltd bought a new position in Floor & Decor during the fourth quarter valued at $5,163,000. Black Cypress Capital Management LLC increased its position in Floor & Decor by 135.0% in the fourth quarter. Black Cypress Capital Management LLC now owns 201,673 shares of the company's stock worth $12,280,000 after buying an additional 115,858 shares during the last quarter. Principal Financial Group Inc. increased its position in Floor & Decor by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 6,421,067 shares of the company's stock worth $390,981,000 after buying an additional 22,636 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Floor & Decor by 1,060,525.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,881,888 shares of the company's stock valued at $236,368,000 after buying an additional 3,881,522 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Stifel Nicolaus set a $75.00 price target on Floor & Decor in a research note on Friday, May 1st. Piper Sandler lifted their target price on shares of Floor & Decor from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Wolfe Research reissued an "underperform" rating and issued a $41.00 price target on shares of Floor & Decor in a research report on Tuesday, July 21st. Telsey Advisory Group raised their price objective on shares of Floor & Decor from $61.00 to $68.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, Zacks Research upgraded shares of Floor & Decor from a "strong sell" rating to a "hold" rating in a research note on Friday, July 3rd. Five research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $59.42.

Floor & Decor Stock Up 2.1%

FND opened at $60.43 on Wednesday. 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. The business's 50-day moving average price is $55.34 and its 200-day moving average price is $56.44. The company has a market cap of $6.44 billion, a P/E ratio of 28.11, a P/E/G ratio of 4.80 and a beta of 1.57.

Floor & Decor (NYSE:FND - Get Free Report) last issued its 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 company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.23 billion. Floor & Decor had a return on equity of 8.20% and a net margin of 4.93%.Floor & Decor's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 EPS. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. On average, equities analysts expect that Floor & Decor Holdings, Inc. will post 1.99 EPS for the current year.

Insider Buying and Selling at Floor & Decor

In other news, insider Thomas V. Taylor sold 218,189 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $62.30, for a total value of $13,593,174.70. Following the transaction, the insider owned 229,820 shares in the company, valued at approximately $14,317,786. This trade represents a 48.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company's stock.

Floor & Decor 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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