Northwestern Mutual Wealth Management Co. Has $236.37 Million Stake in Floor & Decor Holdings, Inc. $FND

Northwestern Mutual Wealth Management Co. increased its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 1,060,525.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,881,888 shares of the company’s stock after purchasing an additional 3,881,522 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Floor & Decor were worth $236,368,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors boosted its stake in Floor & Decor by 37.2% in the 3rd quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock worth $509,589,000 after purchasing an additional 1,872,892 shares during the period. Principal Financial Group Inc. boosted its stake in Floor & Decor by 0.4% in the 4th quarter. Principal Financial Group Inc. now owns 6,421,067 shares of the company’s stock worth $390,981,000 after purchasing an additional 22,636 shares during the period. State Street Corp boosted its stake in Floor & Decor by 1.1% in the 2nd quarter. State Street Corp now owns 3,811,571 shares of the company’s stock worth $289,527,000 after purchasing an additional 42,636 shares during the period. Wasatch Advisors LP boosted its stake in Floor & Decor by 19.2% in the 2nd quarter. Wasatch Advisors LP now owns 2,717,183 shares of the company’s stock worth $206,397,000 after purchasing an additional 437,396 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Floor & Decor by 161.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,893,048 shares of the company’s stock worth $115,268,000 after purchasing an additional 1,168,084 shares during the period.

Analyst Ratings Changes

A number of research firms recently commented on FND. Weiss Ratings lowered shares of Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Citigroup decreased their price objective on shares of Floor & Decor from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. TD Cowen decreased their price objective on shares of Floor & Decor from $60.00 to $48.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Mizuho decreased their price objective on shares of Floor & Decor from $72.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Finally, Wells Fargo & Company decreased their price objective on shares of Floor & Decor from $70.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $59.17.

Floor & Decor Trading Down 4.9%

Shares of NYSE:FND opened at $43.52 on Friday. Floor & Decor Holdings, Inc. has a 1 year low of $43.33 and a 1 year high of $92.40. The business has a fifty day simple moving average of $51.88 and a 200 day simple moving average of $60.98. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 3.74 and a beta of 1.63.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the business posted $0.46 earnings per share. Floor & Decor’s revenue 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, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current year.

Insider Buying and Selling

In other news, EVP Ersan Sayman sold 15,200 shares of the firm’s stock in a transaction 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 transaction, the executive vice president owned 71,676 shares in the company, valued at approximately $3,460,517.28. This trade represents a 17.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bradley Paulsen purchased 5,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were acquired at an average price of $50.25 per share, for a total transaction of $251,250.00. Following the acquisition, the chief executive officer directly owned 85,010 shares in the company, valued at $4,271,752.50. This represents a 6.25% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.80% of the stock is 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.