Worldly Partners Management LLC Buys 42,000 Shares of Floor & Decor Holdings, Inc. $FND

Worldly Partners Management LLC grew its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 3.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,371,180 shares of the company’s stock after buying an additional 42,000 shares during the period. Floor & Decor accounts for approximately 66.5% of Worldly Partners Management LLC’s holdings, making the stock its biggest holding. Worldly Partners Management LLC’s holdings in Floor & Decor were worth $81,393,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FND. Advisory Services Network LLC purchased a new position in shares of Floor & Decor in the 3rd quarter worth $26,000. Northwestern Mutual Wealth Management Co. grew its position in Floor & Decor by 207.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock valued at $27,000 after acquiring an additional 247 shares during the period. Summit Securities Group LLC purchased a new stake in Floor & Decor during the first quarter valued at about $31,000. Clearstead Advisors LLC increased 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 acquiring an additional 384 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Floor & Decor during the fourth quarter worth about $34,000.

Floor & Decor Stock Up 1.9%

NYSE FND opened at $50.30 on Friday. The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.08. Floor & Decor Holdings, Inc. has a fifty-two week low of $42.64 and a fifty-two week high of $92.40. The business has a 50 day moving average price of $56.03 and a two-hundred day moving average price of $54.57. The stock has a market cap of $5.36 billion, a PE ratio of 23.40, a P/E/G ratio of 4.07 and a beta of 1.55.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Floor & Decor had a net margin of 4.93% and a return on equity of 8.20%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $0.58 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. As a group, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 1.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Citigroup restated a “neutral” rating on shares of Floor & Decor in a report on Thursday, July 16th. Wolfe Research reissued an “underperform” rating and set a $41.00 target price on shares of Floor & Decor in a research report on Tuesday, July 21st. Wells Fargo & Company raised their price target on shares of Floor & Decor from $50.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Robert W. Baird set a $67.00 price target on shares of Floor & Decor in a research report on Friday, July 31st. Finally, TD Cowen reiterated a “hold” rating on shares of Floor & Decor in a research note on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $59.42.

Insiders Place Their Bets

In related news, insider Thomas V. Taylor sold 218,189 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $62.30, for a total transaction of $13,593,174.70. Following the completion of the sale, the insider directly owned 229,820 shares of the company’s stock, valued at approximately $14,317,786. This trade represents a 48.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company’s stock.

Floor & Decor 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.