VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $1.51 Million Investment in Floor & Decor Holdings, Inc. $FND

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 24,800 shares of the company’s stock, valued at approximately $1,510,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in Floor & Decor during the 3rd quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. increased 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 acquired a new position in Floor & Decor during the 2nd quarter worth approximately $46,000. eCIO Inc. acquired a new position in Floor & Decor during the 4th quarter worth approximately $41,000. Finally, Bank of Jackson Hole Trust grew its holdings 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 worth $50,000 after acquiring an additional 186 shares during the period.

Insider Activity at Floor & Decor

In related news, EVP Ersan Sayman sold 15,200 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $48.28, for a total value of $733,856.00. Following the sale, the executive vice president owned 71,676 shares of the company’s stock, valued at approximately $3,460,517.28. This represents a 17.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bradley Paulsen bought 5,000 shares of Floor & Decor stock in a transaction that occurred on Monday, May 4th. The stock was bought at an average cost of $50.25 per share, for a total transaction of $251,250.00. Following the purchase, the chief executive officer owned 85,010 shares in the company, valued at $4,271,752.50. This represents a 6.25% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.80% of the stock is owned by corporate insiders.

Floor & Decor Stock Performance

FND stock opened at $43.52 on Friday. Floor & Decor Holdings, Inc. has a 1 year low of $43.33 and a 1 year high of $92.40. The stock’s 50 day moving average price is $51.88 and its 200 day moving average price is $60.98. The firm has a market cap of $4.69 billion, a P/E ratio of 23.65, a PEG ratio of 3.94 and a beta of 1.63.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). Floor & Decor had a net margin of 4.27% and a return on equity of 8.38%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the company posted $0.46 EPS. Floor & Decor’s quarterly revenue was down .7% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. On average, research analysts predict that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on FND. TD Cowen lowered their price target on Floor & Decor from $60.00 to $48.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Barclays lowered their price target on Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Wells Fargo & Company lowered their price target on Floor & Decor from $70.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. Robert W. Baird set a $63.00 price target on Floor & Decor in a report on Friday, May 1st. Finally, Piper Sandler restated an “overweight” rating and issued a $70.00 price target (down from $78.00) on shares of Floor & Decor in a report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $59.17.

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.