Hsbc Holdings PLC Purchases 32,677 Shares of Floor & Decor Holdings, Inc. $FND

Hsbc Holdings PLC lifted its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 197.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 49,186 shares of the company’s stock after buying an additional 32,677 shares during the quarter. Hsbc Holdings PLC’s holdings in Floor & Decor were worth $3,006,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Capital World Investors boosted its stake in Floor & Decor by 8.1% in the fourth quarter. Capital World Investors now owns 7,472,044 shares of the company’s stock valued at $454,975,000 after acquiring an additional 557,728 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Floor & Decor by 0.4% during the 4th quarter. Principal Financial Group Inc. now owns 6,421,067 shares of the company’s stock valued at $390,981,000 after purchasing an additional 22,636 shares during the last quarter. Morgan Stanley boosted its position in shares of Floor & Decor by 10.4% in the 4th quarter. Morgan Stanley now owns 5,120,116 shares of the company’s stock worth $311,764,000 after purchasing an additional 484,243 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Floor & Decor by 1,060,525.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,881,888 shares of the company’s stock worth $236,368,000 after purchasing an additional 3,881,522 shares in the last quarter. Finally, State Street Corp grew its stake in Floor & Decor by 1.1% during the 2nd quarter. State Street Corp now owns 3,811,571 shares of the company’s stock worth $289,527,000 after buying an additional 42,636 shares during the last quarter.

Insiders Place Their Bets

In related news, CEO Bradley Paulsen acquired 5,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was acquired at an average price of $50.25 per share, with a total value of $251,250.00. Following the acquisition, the chief executive officer directly owned 85,010 shares in the company, valued at $4,271,752.50. This represents a 6.25% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Bryan Langley bought 2,500 shares of the stock in a transaction dated Monday, May 4th. The stock was bought at an average price of $48.69 per share, for a total transaction of $121,725.00. Following the purchase, the chief financial officer directly owned 42,016 shares of the company’s stock, valued at approximately $2,045,759.04. The trade was a 6.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FND shares. Evercore set a $51.00 price target on Floor & Decor in a research note on Friday, May 1st. TD Cowen cut their price objective on shares of Floor & Decor from $60.00 to $48.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Morgan Stanley reaffirmed a “positive” rating and issued a $56.00 price objective on shares of Floor & Decor in a research report on Friday, May 1st. Guggenheim lowered their target price on shares of Floor & Decor from $90.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, Mizuho dropped their target price on shares of Floor & Decor from $72.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $59.17.

Floor & Decor Trading Down 0.1%

FND opened at $59.56 on Monday. Floor & Decor Holdings, Inc. has a 12-month low of $42.64 and a 12-month high of $92.40. The firm has a 50 day moving average of $50.33 and a two-hundred day moving average of $58.45. The firm has a market capitalization of $6.43 billion, a PE ratio of 32.37, a P/E/G ratio of 5.13 and a beta of 1.62.

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