Kornitzer Capital Management Inc. KS Makes New Investment in Floor & Decor Holdings, Inc. $FND

Kornitzer Capital Management Inc. KS acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) in the first quarter, Holdings Channel.com reports. The firm acquired 123,095 shares of the company’s stock, valued at approximately $6,253,000.

Several other hedge funds also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new position in shares of Floor & Decor during the 1st quarter valued at $31,000. Granite Investment Partners LLC raised its position in shares of Floor & Decor by 86.9% in the first quarter. Granite Investment Partners LLC now owns 138,726 shares of the company’s stock worth $7,047,000 after buying an additional 64,516 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Floor & Decor by 2.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 22,110 shares of the company’s stock valued at $1,123,000 after buying an additional 600 shares during the period. Leonteq Securities AG boosted its stake in Floor & Decor by 320.7% during the first quarter. Leonteq Securities AG now owns 1,077 shares of the company’s stock valued at $55,000 after buying an additional 821 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new stake in Floor & Decor during the first quarter valued at $2,766,000.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Zacks Research raised Floor & Decor from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. TD Cowen lowered their target price on shares of Floor & Decor from $60.00 to $48.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Guggenheim dropped 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 report on Friday, May 1st. Barclays cut their price target on shares of Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. Finally, Stifel Nicolaus set a $75.00 price target on shares of Floor & Decor in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Floor & Decor currently has a consensus rating of “Hold” and an average target price of $59.67.

Insider Buying and Selling

In other Floor & Decor news, EVP Ersan Sayman sold 15,200 shares of Floor & Decor stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $48.28, for a total transaction of $733,856.00. Following the transaction, the executive vice president directly owned 71,676 shares of the company’s stock, valued at approximately $3,460,517.28. This trade represents a 17.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Bryan Langley purchased 2,500 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were acquired at an average cost of $48.69 per share, for a total transaction of $121,725.00. Following the completion of the purchase, the chief financial officer directly owned 42,016 shares of the company’s stock, valued at approximately $2,045,759.04. This represents a 6.33% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.80% of the stock is currently owned by corporate insiders.

Floor & Decor Price Performance

FND stock traded up $1.49 during mid-day trading on Friday, hitting $57.07. 1,448,820 shares of the stock were exchanged, compared to its average volume of 2,457,452. The business has a fifty day moving average price of $51.54 and a 200 day moving average price of $58.18. Floor & Decor Holdings, Inc. has a 12 month low of $42.64 and a 12 month high of $92.40. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 4.92 and a beta of 1.58.

Floor & Decor (NYSE:FND) last announced 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 firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. Floor & Decor had a net margin of 4.27% and a return on equity of 8.38%. Floor & Decor’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 earnings per share. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. As a group, equities analysts forecast 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.