Floor & Decor Holdings, Inc. $FND Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 44.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,502 shares of the company’s stock after selling 14,999 shares during the period. Sterling Capital Management LLC’s holdings in Floor & Decor were worth $940,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital World Investors grew its holdings in shares of 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 purchasing an additional 557,728 shares during the period. Principal Financial Group Inc. boosted its holdings in Floor & Decor by 0.4% in 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 holdings in Floor & Decor by 10.4% in the 4th quarter. Morgan Stanley now owns 5,120,116 shares of the company’s stock valued at $311,764,000 after purchasing an additional 484,243 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake 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 valued at $236,368,000 after buying an additional 3,881,522 shares during the period. Finally, State Street Corp grew its stake in shares of Floor & Decor by 1.1% in the 2nd quarter. State Street Corp now owns 3,811,571 shares of the company’s stock valued at $289,527,000 after buying an additional 42,636 shares during the period.

Floor & Decor Stock Performance

Shares of FND stock opened at $59.31 on Wednesday. The firm’s 50 day moving average price is $50.56 and its 200-day moving average price is $58.41. Floor & Decor Holdings, Inc. has a one year low of $42.64 and a one year high of $92.40. The firm has a market cap of $6.40 billion, a P/E ratio of 32.23, a P/E/G ratio of 5.04 and a beta of 1.62.

Floor & Decor (NYSE:FND) last posted its earnings results 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 during the quarter, compared to analyst estimates 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 for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. As a group, research analysts predict that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insider Transactions at Floor & Decor

In other news, CFO Bryan Langley bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were purchased at an average price of $48.69 per share, with a total value of $121,725.00. Following the purchase, the chief financial officer owned 42,016 shares in the company, valued at approximately $2,045,759.04. The trade was a 6.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ersan Sayman sold 15,200 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $48.28, for a total value of $733,856.00. Following the transaction, the executive vice president owned 71,676 shares of the company’s stock, valued at $3,460,517.28. This trade represents a 17.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Zacks Research lowered shares of Floor & Decor from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Mizuho lowered their price objective on Floor & Decor from $72.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Zelman & Associates cut their target price on Floor & Decor from $80.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Evercore set a $51.00 target price on Floor & Decor in a research report on Friday, May 1st. Finally, Wells Fargo & Company decreased their price target on Floor & Decor from $70.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $59.17.

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.