Legal & General Group Plc Decreases Stock Holdings in Floor & Decor Holdings, Inc. $FND

Legal & General Group Plc decreased its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 8.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 158,196 shares of the company’s stock after selling 14,013 shares during the period. Legal & General Group Plc’s holdings in Floor & Decor were worth $9,633,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Hantz Financial Services Inc. raised its position in Floor & Decor by 166.2% in the 4th quarter. Hantz Financial Services Inc. now owns 5,516 shares of the company’s stock worth $336,000 after buying an additional 3,444 shares during the last quarter. Global Retirement Partners LLC raised its position in Floor & Decor by 35.5% in the 4th quarter. Global Retirement Partners LLC now owns 722 shares of the company’s stock worth $44,000 after buying an additional 189 shares during the last quarter. Handelsbanken Fonder AB raised its position in Floor & Decor by 16.3% in the 4th quarter. Handelsbanken Fonder AB now owns 32,800 shares of the company’s stock worth $1,997,000 after buying an additional 4,600 shares during the last quarter. North Dakota State Investment Board purchased a new position in Floor & Decor in the 4th quarter worth about $229,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in 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 worth $236,368,000 after buying an additional 3,881,522 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FND. Robert W. Baird set a $63.00 target price on Floor & Decor in a research report on Friday, May 1st. Zelman & Associates decreased their target price on Floor & Decor from $80.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. The Goldman Sachs Group reissued a “neutral” rating and issued a $64.00 target price on shares of Floor & Decor in a research report on Friday, February 20th. Mizuho reduced their price target on shares of Floor & Decor from $72.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Floor & Decor in a research report on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and a consensus target price of $59.17.

Floor & Decor Stock Down 1.3%

NYSE FND opened at $48.90 on Friday. Floor & Decor Holdings, Inc. has a 52 week low of $42.64 and a 52 week high of $92.40. The firm has a market capitalization of $5.27 billion, a P/E ratio of 26.58, a PEG ratio of 4.26 and a beta of 1.62. The company has a 50-day moving average price of $49.74 and a 200-day moving average price of $59.54.

Floor & Decor (NYSE:FND) last released its quarterly 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 business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Floor & Decor had a net margin of 4.27% and a return on equity of 8.38%. Floor & Decor’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 EPS. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. As a group, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current year.

Insider Activity at Floor & Decor

In related news, CFO Bryan Langley acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was bought at an average cost of $48.69 per share, for a total transaction of $121,725.00. Following the purchase, the chief financial officer owned 42,016 shares in the company, valued at $2,045,759.04. The trade was a 6.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Bradley Paulsen acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were bought at an average price of $50.25 per share, with a total value of $251,250.00. Following the completion of the purchase, the chief executive officer owned 85,010 shares in the company, valued at $4,271,752.50. This trade represents a 6.25% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.80% of the stock is currently owned by corporate insiders.

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.