Modera Wealth Management LLC Invests $702,000 in Floor & Decor Holdings, Inc. $FND

Modera Wealth Management LLC purchased a new position in Floor & Decor Holdings, Inc. (NYSE:FND) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,813 shares of the company’s stock, valued at approximately $702,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FND. Cibc World Market Inc. lifted its position in Floor & Decor by 1.6% during the fourth quarter. Cibc World Market Inc. now owns 9,253 shares of the company’s stock worth $563,000 after purchasing an additional 146 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Floor & Decor by 50.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock valued at $34,000 after buying an additional 186 shares during the period. Capital Analysts LLC increased its holdings in Floor & Decor by 32.2% in the 4th quarter. Capital Analysts LLC now owns 767 shares of the company’s stock valued at $47,000 after buying an additional 187 shares during the period. Global Retirement Partners LLC raised its position in shares of Floor & Decor by 35.5% in the 4th quarter. Global Retirement Partners LLC now owns 722 shares of the company’s stock valued at $44,000 after buying an additional 189 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in Floor & Decor by 0.3% during the third quarter. CANADA LIFE ASSURANCE Co now owns 78,410 shares of the company’s stock valued at $5,895,000 after purchasing an additional 221 shares in the last quarter.

Floor & Decor Stock Down 5.2%

NYSE FND opened at $53.84 on Tuesday. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 4.89 and a beta of 1.58. Floor & Decor Holdings, Inc. has a twelve month low of $42.64 and a twelve month high of $92.40. The business’s fifty day moving average is $52.28 and its 200 day moving average is $57.87.

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

Insider Activity

In related 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 sale, the executive vice president directly owned 71,676 shares in the company, valued at $3,460,517.28. This trade represents a 17.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bryan Langley bought 2,500 shares of Floor & Decor 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 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 disclosure for this purchase is available in the SEC filing. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FND. Robert W. Baird set a $63.00 price target on Floor & Decor in a research note on Friday, May 1st. Piper Sandler restated an “overweight” rating on shares of Floor & Decor in a research report on Tuesday, May 26th. JPMorgan Chase & Co. reduced their price objective on Floor & Decor from $78.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. UBS Group decreased their target price on Floor & Decor from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Finally, Weiss Ratings cut shares of Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $59.67.

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.