Floor & Decor Holdings, Inc. $FND Shares Acquired by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lifted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 75.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 298,663 shares of the company’s stock after acquiring an additional 128,828 shares during the period. Douglas Lane & Associates LLC’s holdings in Floor & Decor were worth $13,682,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FND. GAMMA Investing LLC increased its position in Floor & Decor by 22.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,766 shares of the company’s stock valued at $127,000 after acquiring an additional 512 shares during the period. Fenimore Asset Management Inc increased its stake in shares of Floor & Decor by 11.0% in the third quarter. Fenimore Asset Management Inc now owns 392,536 shares of the company’s stock valued at $17,982,000 after buying an additional 39,020 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Floor & Decor by 20.2% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,703 shares of the company’s stock worth $78,000 after acquiring an additional 286 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Floor & Decor by 3,263.2% in the third quarter. Versant Capital Management Inc now owns 639 shares of the company’s stock valued at $29,000 after acquiring an additional 620 shares during the last quarter. Finally, Confluence Investment Management LLC increased its position in Floor & Decor by 96.5% during the 3rd quarter. Confluence Investment Management LLC now owns 258,061 shares of the company’s stock valued at $11,822,000 after purchasing an additional 126,751 shares during the period.

Insider Activity

In other news, insider Thomas V. Taylor sold 218,189 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $62.30, for a total value of $13,593,174.70. Following the completion of the transaction, the insider directly owned 229,820 shares of the company’s stock, valued at $14,317,786. This represents a 48.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group set a $53.00 price objective on shares of Floor & Decor in a research note on Saturday, August 1st. Wall Street Zen raised Floor & Decor from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Morgan Stanley boosted their price target on Floor & Decor from $56.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Citigroup restated a “neutral” rating on shares of Floor & Decor in a report on Thursday, July 16th. Finally, Weiss Ratings upgraded shares of Floor & Decor from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, September 25th. Five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $59.16.

Floor & Decor Stock Down 2.0%

Shares of NYSE FND traded down $0.92 during trading on Friday, hitting $45.59. The stock had a trading volume of 586,495 shares, compared to its average volume of 2,684,154. The firm has a fifty day moving average of $51.64 and a two-hundred day moving average of $51.83. The company has a market capitalization of $4.85 billion, a PE ratio of 21.18, a PEG ratio of 3.71 and a beta of 1.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 0.45. Floor & Decor Holdings, Inc. has a 12 month low of $42.64 and a 12 month high of $77.46.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. Floor & Decor had a net margin of 4.93% and a return on equity of 8.20%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company earned $0.58 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. As a group, equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.99 EPS for the current fiscal year.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company sells tile, natural stone, wood, laminate and luxury vinyl flooring, along with installation materials, tools, accessories and decorative products for residential and commercial projects.

Floor & Decor operates warehouse-format stores and an e-commerce platform serving do-it-yourself customers, professional contractors, designers and commercial clients. Its stores generally offer a broad selection of in-stock flooring products, design services, installation supplies and related project resources.

Founded in 2000 and headquartered in Atlanta, Georgia, the company serves customers across the United States.