Balefire LLC Takes $496,000 Position in Floor & Decor Holdings, Inc. $FND

Balefire LLC bought a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,766 shares of the company’s stock, valued at approximately $496,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Floor & Decor by 9.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company’s stock worth $27,346,000 after purchasing an additional 30,195 shares in the last quarter. Invesco Ltd. lifted its position in Floor & Decor by 290.8% during the second quarter. Invesco Ltd. now owns 597,083 shares of the company’s stock valued at $45,354,000 after purchasing an additional 444,290 shares during the last quarter. California Public Employees Retirement System grew its stake in Floor & Decor by 12.7% in the 2nd quarter. California Public Employees Retirement System now owns 140,132 shares of the company’s stock worth $10,644,000 after buying an additional 15,821 shares in the last quarter. State Street Corp grew its position in Floor & Decor by 1.1% in the second quarter. State Street Corp now owns 3,811,571 shares of the company’s stock worth $289,527,000 after acquiring an additional 42,636 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Floor & Decor by 33.9% during the 2nd quarter. Sei Investments Co. now owns 343,573 shares of the company’s stock valued at $26,098,000 after purchasing an additional 87,013 shares during the last quarter.

Floor & Decor Trading Down 5.2%

NYSE FND opened at $53.84 on Tuesday. The stock has a market cap of $5.81 billion, a P/E ratio of 29.26, a P/E/G ratio of 4.89 and a beta of 1.58. Floor & Decor Holdings, Inc. has a 12 month low of $42.64 and a 12 month high of $92.40. The stock’s fifty day moving average price is $52.28 and its 200-day moving average price 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 the consensus estimate of $0.42 by ($0.05). The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. As a group, analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Floor & Decor news, EVP Ersan Sayman sold 15,200 shares of the business’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 completion of the transaction, the executive vice president owned 71,676 shares of the company’s stock, valued at approximately $3,460,517.28. The trade was a 17.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bryan Langley acquired 2,500 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were bought at an average price of $48.69 per share, for a total transaction of $121,725.00. Following the transaction, 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 ownership of the stock. The SEC filing for this purchase provides additional information. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

FND has been the topic of several recent research reports. Zelman & Associates reduced their target price on shares of Floor & Decor from $80.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. UBS Group dropped their price target on Floor & Decor from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. JPMorgan Chase & Co. decreased their price objective on shares of Floor & Decor from $78.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Mizuho dropped their target price 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, Bank of America lowered shares of Floor & Decor from a “buy” rating to an “underperform” rating and set a $45.00 target price on the stock. in a research note on Friday, April 17th. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and a consensus target price of $59.67.

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.