Floor & Decor Holdings, Inc. $FND Shares Bought by Boothbay Fund Management LLC

Boothbay Fund Management LLC boosted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 176.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,440 shares of the company’s stock after buying an additional 184,080 shares during the period. Floor & Decor makes up 0.3% of Boothbay Fund Management LLC’s holdings, making the stock its 27th largest position. Boothbay Fund Management LLC’s holdings in Floor & Decor were worth $17,563,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in FND. Advisory Services Network LLC acquired a new position in Floor & Decor during the 3rd quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. increased its position in Floor & Decor by 207.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock valued at $27,000 after buying an additional 247 shares in the last quarter. Clearstead Advisors LLC increased its position in Floor & Decor by 215.7% during the 4th quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after buying an additional 384 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Floor & Decor during the 4th quarter valued at about $34,000. Finally, eCIO Inc. acquired a new position in Floor & Decor during the 4th quarter valued at about $41,000.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FND. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $64.00 target price on shares of Floor & Decor in a research report on Friday, February 20th. Morgan Stanley reissued a “positive” rating and issued a $56.00 price objective on shares of Floor & Decor in a report on Friday, May 1st. Telsey Advisory Group cut their price objective on Floor & Decor from $80.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. UBS Group cut their price objective on Floor & Decor from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Finally, Mizuho cut their price objective on Floor & Decor from $72.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $59.17.

Insider Buying and Selling

In related news, CFO Bryan Langley bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were purchased at an average cost of $48.69 per share, with a total value of $121,725.00. Following the completion of the acquisition, the chief financial officer directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ersan Sayman sold 15,200 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $48.28, for a total value of $733,856.00. Following the sale, the executive vice president directly owned 71,676 shares in the company, valued at approximately $3,460,517.28. This trade represents a 17.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.80% of the stock is owned by corporate insiders.

Floor & Decor Stock Down 4.6%

Floor & Decor stock opened at $50.08 on Thursday. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 4.51 and a beta of 1.62. Floor & Decor Holdings, Inc. has a 52 week low of $42.64 and a 52 week high of $92.40. The business’s 50-day moving average price is $49.86 and its 200 day moving average price is $58.91.

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

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.