Floor & Decor Holdings, Inc. $FND Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC reduced its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 23.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 696,494 shares of the company’s stock after selling 217,543 shares during the period. Riverbridge Partners LLC owned about 0.65% of Floor & Decor worth $42,410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in Floor & Decor during the third quarter valued at $26,000. Northwestern Mutual Wealth Management Co. grew its position 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 purchasing an additional 247 shares during the period. State of Wyoming purchased a new position in shares of Floor & Decor during the 2nd quarter valued at about $46,000. Steph & Co. acquired a new position in shares of Floor & Decor in the 3rd quarter valued at about $48,000. Finally, Mather Group LLC. acquired a new position in shares of Floor & Decor in the 3rd quarter valued at about $49,000.

Wall Street Analysts Forecast Growth

FND has been the topic of several analyst reports. Morgan Stanley dropped their target price on Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. The Goldman Sachs Group reissued a “neutral” rating and issued a $64.00 price target on shares of Floor & Decor in a report on Friday, February 20th. Barclays upped their price objective on Floor & Decor from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Floor & Decor in a research note on Friday, February 20th. Finally, Mizuho cut their target price on shares of Floor & Decor from $76.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Six research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $78.24.

Floor & Decor Stock Performance

NYSE FND opened at $52.62 on Friday. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 1.79 and a beta of 1.72. The stock has a 50-day moving average of $65.28 and a 200 day moving average of $67.52. The company has a current ratio of 1.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. Floor & Decor Holdings, Inc. has a twelve month low of $49.89 and a twelve month high of $92.40.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Floor & Decor had a return on equity of 8.99% and a net margin of 4.45%.Floor & Decor’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.44 earnings per share. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. Sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal 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.