Norges Bank Makes New $21.27 Million Investment in Floor & Decor Holdings, Inc. $FND

Norges Bank purchased a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 349,264 shares of the company’s stock, valued at approximately $21,267,000.

Other large investors also recently bought and sold shares of the company. Advisory Services Network LLC purchased a new position in Floor & Decor during the third quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. raised its stake in Floor & Decor by 207.6% during the third 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. Clearstead Advisors LLC raised its stake in Floor & Decor by 215.7% during the fourth quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock worth $34,000 after purchasing an additional 384 shares during the period. State of Wyoming acquired a new stake in shares of Floor & Decor in the second quarter worth $46,000. Finally, eCIO Inc. acquired a new stake in shares of Floor & Decor in the fourth quarter worth $41,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FND shares. Stifel Nicolaus set a $75.00 price objective on shares of Floor & Decor in a research report on Friday, May 1st. TD Cowen dropped their price objective on shares of Floor & Decor from $60.00 to $48.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Barclays dropped their price objective on shares of Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. Morgan Stanley reissued a “positive” rating and issued a $56.00 price objective on shares of Floor & Decor in a research report on Friday, May 1st. Finally, Telsey Advisory Group dropped their price objective on shares of Floor & Decor from $80.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and a consensus price target of $59.17.

Floor & Decor Price Performance

Shares of FND stock opened at $49.89 on Wednesday. The firm has a market cap of $5.38 billion, a P/E ratio of 27.11, a P/E/G ratio of 3.95 and a beta of 1.62. Floor & Decor Holdings, Inc. has a 1-year low of $42.64 and a 1-year high of $92.40. The firm has a fifty day moving average of $49.49 and a two-hundred day moving average of $59.34.

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

Insider Transactions at Floor & Decor

In other Floor & Decor news, CFO Bryan Langley purchased 2,500 shares of Floor & Decor stock in a transaction dated Monday, May 4th. The shares were bought at an average cost of $48.69 per share, for a total transaction of $121,725.00. Following the transaction, the chief financial officer owned 42,016 shares in the company, valued at $2,045,759.04. This represents a 6.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Bradley Paulsen acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was purchased at an average price of $50.25 per share, for a total transaction of $251,250.00. Following the completion of the transaction, the chief executive officer owned 85,010 shares in the company, valued at $4,271,752.50. The trade was a 6.25% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.80% of the company’s stock.

About Floor & Decor

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.