Floor & Decor Holdings, Inc. $FND Position Increased by Black Cypress Capital Management LLC

Black Cypress Capital Management LLC boosted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 135.0% during the fourth quarter, Holdings Channel reports. The firm owned 201,673 shares of the company’s stock after buying an additional 115,858 shares during the quarter. Floor & Decor comprises approximately 8.6% of Black Cypress Capital Management LLC’s holdings, making the stock its 4th biggest position. Black Cypress Capital Management LLC’s holdings in Floor & Decor were worth $12,280,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Capital World Investors boosted its position in Floor & Decor by 37.2% during the third 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 in the last quarter. Principal Financial Group Inc. lifted its position in shares of Floor & Decor by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 6,421,067 shares of the company’s stock valued at $390,981,000 after acquiring an additional 22,636 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Floor & Decor by 1,060,525.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,881,888 shares of the company’s stock valued at $236,368,000 after acquiring an additional 3,881,522 shares in the last quarter. State Street Corp lifted its position in shares of Floor & Decor by 1.1% in the second quarter. State Street Corp now owns 3,811,571 shares of the company’s stock valued at $289,527,000 after acquiring an additional 42,636 shares in the last quarter. Finally, Wasatch Advisors LP lifted its position in shares of Floor & Decor by 19.2% in the second quarter. Wasatch Advisors LP now owns 2,717,183 shares of the company’s stock valued at $206,397,000 after acquiring an additional 437,396 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FND shares. Zacks Research downgraded Floor & Decor from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Citigroup reduced their price objective on Floor & Decor from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Guggenheim reduced their price objective on Floor & Decor from $90.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Evercore set a $51.00 price objective on Floor & Decor in a research report on Friday, May 1st. Finally, Robert W. Baird set a $63.00 price objective on Floor & Decor in a research report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $59.17.

Floor & Decor Trading Up 0.2%

Floor & Decor stock opened at $51.50 on Friday. The firm has a market capitalization of $5.56 billion, a P/E ratio of 27.99, a PEG ratio of 4.42 and a beta of 1.63. The stock has a fifty day moving average price of $49.89 and a 200 day moving average price of $59.86. Floor & Decor Holdings, Inc. has a 52 week low of $42.64 and a 52 week high of $92.40.

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

Insider Activity at Floor & Decor

In other Floor & Decor news, CFO Bryan Langley bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was purchased at an average cost of $48.69 per share, for a total transaction of $121,725.00. Following the completion of the purchase, the chief financial officer owned 42,016 shares of the company’s stock, valued at $2,045,759.04. This trade represents a 6.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ersan Sayman sold 15,200 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $48.28, for a total value of $733,856.00. Following the completion of the transaction, the executive vice president owned 71,676 shares of the company’s stock, valued at $3,460,517.28. The trade was a 17.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.80% of the company’s stock.

Floor & Decor Company 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.