Floor & Decor (NYSE:FND) Insider Thomas Taylor Sells 218,189 Shares

Key Points

• Insider Thomas Taylor sold 218,189 Floor & Decor shares at an average price of $62.30, generating approximately $13.6 million. The sale reduced his direct ownership by 48.7% to 229,820 shares.
• Floor & Decor reported quarterly earnings of $0.58 per share, topping estimates by $0.02, while revenue rose 3% year over year to $1.25 billion.
• Analyst sentiment remains cautious, with a consensus rating of “Hold” and an average price target of $59.42; several firms recently maintained neutral ratings or downgraded the stock.

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) insider Thomas Taylor sold 218,189 shares of the company's stock in a transaction 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 completion of the transaction, the insider directly owned 229,820 shares in the company, valued at approximately $14,317,786. The trade was a 48.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Floor & Decor Stock Performance

Shares of FND opened at $62.61 on Monday. The stock has a 50-day moving average of $54.97 and a two-hundred day moving average of $56.64. Floor & Decor Holdings, Inc. has a one year low of $42.64 and a one year high of $92.40. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.33. The stock has a market cap of $6.67 billion, a P/E ratio of 29.12, a P/E/G ratio of 5.08 and a beta of 1.57.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. Floor & Decor had a return on equity of 8.20% and a net margin of 4.93%.The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company earned $0.58 earnings per share. The company's revenue was up 3.0% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. As a group, research analysts predict that Floor & Decor Holdings, Inc. will post 1.99 EPS for the current year.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently modified their holdings of FND. Northwestern Mutual Wealth Management Co. lifted its position in shares of Floor & Decor by 1,060,525.1% during the 4th 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 in the last quarter. Champlain Investment Partners LLC purchased a new position in Floor & Decor during the fourth quarter valued at $108,060,000. Durable Capital Partners LP acquired a new stake in shares of Floor & Decor in the second quarter valued at about $106,221,000. FIL Ltd increased its stake in shares of Floor & Decor by 193.9% during the fourth quarter. FIL Ltd now owns 1,836,696 shares of the company's stock worth $111,836,000 after purchasing an additional 1,211,731 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Floor & Decor by 161.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,893,048 shares of the company's stock worth $115,268,000 after purchasing an additional 1,168,084 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have commented on FND shares. Mizuho lowered their price target on shares of Floor & Decor from $72.00 to $58.00 and set a "neutral" rating on the stock in a report on Friday, May 8th. TD Cowen reiterated a "hold" rating on shares of Floor & Decor in a research report on Monday, August 3rd. Weiss Ratings reissued a "sell (d+)" rating on shares of Floor & Decor in a report on Friday. Citigroup restated a "neutral" rating on shares of Floor & Decor in a research report on Thursday, July 16th. Finally, Bank of America cut shares of Floor & Decor from a "buy" rating to an "underperform" rating and set a $45.00 price objective on the stock. in a research note on Friday, April 17th. Five investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. 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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