Fifth Third Bancorp Buys 34,824 Shares of Floor & Decor Holdings, Inc. $FND

Fifth Third Bancorp raised its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 4,680.6% during the first quarter, Holdings Channel reports. The firm owned 35,568 shares of the company’s stock after buying an additional 34,824 shares during the quarter. Fifth Third Bancorp’s holdings in Floor & Decor were worth $1,807,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Littlejohn & Co. LLC bought a new position in Floor & Decor in the fourth quarter worth about $7,916,000. Black Cypress Capital Management LLC grew its holdings in shares of Floor & Decor by 135.0% during the 4th quarter. Black Cypress Capital Management LLC now owns 201,673 shares of the company’s stock worth $12,280,000 after acquiring an additional 115,858 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Floor & Decor during the 4th quarter worth approximately $5,163,000. Principal Financial Group Inc. raised its position in shares of 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 acquiring an additional 22,636 shares in the last quarter. Finally, Ruffer LLP bought a new position in shares of Floor & Decor in the 4th quarter worth approximately $47,231,000.

Insider Buying and Selling

In other news, CFO Bryan Langley acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were bought at an average cost of $48.69 per share, with a total value 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ersan Sayman sold 15,200 shares of the firm’s stock in a transaction dated 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 owned 71,676 shares of the company’s stock, valued at approximately $3,460,517.28. This represents a 17.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FND has been the topic of several research reports. Evercore set a $60.00 price target on Floor & Decor in a research report on Tuesday, July 7th. TD Cowen lowered their price objective on Floor & Decor from $60.00 to $48.00 and set a “hold” rating for the company in a research report on Friday, May 1st. JPMorgan Chase & Co. reduced their target price on shares of Floor & Decor from $78.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Wells Fargo & Company decreased their price target 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. Finally, Morgan Stanley reissued a “positive” rating and set a $56.00 price target on shares of Floor & Decor in a research report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $57.72.

Floor & Decor Trading Up 1.5%

Shares of NYSE:FND opened at $54.18 on Thursday. The stock has a fifty day simple moving average of $52.57 and a two-hundred day simple moving average of $57.77. Floor & Decor Holdings, Inc. has a 12-month low of $42.64 and a 12-month high of $92.40. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 4.59 and a beta of 1.58.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, April 30th. The company reported $0.37 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 company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the company posted $0.46 earnings per share. The company’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. As a group, equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current year.

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.