Delta Global Management LP Invests $930,000 in Floor & Decor Holdings, Inc. $FND

Delta Global Management LP acquired a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 18,303 shares of the company’s stock, valued at approximately $930,000.

Several other institutional investors have also added to or reduced their stakes in FND. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Floor & Decor by 9.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company’s stock valued at $27,346,000 after purchasing an additional 30,195 shares in the last quarter. Invesco Ltd. lifted its stake in Floor & Decor by 290.8% in the 2nd quarter. Invesco Ltd. now owns 597,083 shares of the company’s stock valued at $45,354,000 after acquiring an additional 444,290 shares in the last quarter. California Public Employees Retirement System lifted 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 valued at $10,644,000 after acquiring an additional 15,821 shares in the last quarter. State Street Corp boosted its position in Floor & Decor by 1.1% during the 2nd 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 during the last quarter. Finally, Sei Investments Co. boosted its position in Floor & Decor by 33.9% during the 2nd quarter. Sei Investments Co. now owns 343,573 shares of the company’s stock worth $26,098,000 after acquiring an additional 87,013 shares during the last quarter.

Wall Street Analysts Forecast Growth

FND has been the topic of a number of recent research reports. Evercore set a $60.00 price objective on shares of Floor & Decor in a report on Tuesday, July 7th. JPMorgan Chase & Co. cut their price target 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. UBS Group reduced their price objective on shares of Floor & Decor from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Zacks Research upgraded Floor & Decor from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. Finally, Robert W. Baird set a $63.00 price objective on Floor & Decor in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $57.72.

Floor & Decor Stock Performance

FND stock opened at $53.78 on Monday. The company’s 50-day simple moving average is $52.92 and its 200 day simple moving average is $57.63. Floor & Decor Holdings, Inc. has a 52 week low of $42.64 and a 52 week high of $92.40. The company has a market capitalization of $5.80 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 4.59 and a beta of 1.58.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.37 earnings per share 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 business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm earned $0.46 EPS. Floor & Decor’s revenue for the quarter was down .7% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. On average, analysts forecast that Floor & Decor Holdings, Inc. will post 1.94 EPS for the current year.

Insiders Place Their Bets

In other Floor & Decor news, CFO Bryan Langley bought 2,500 shares of the stock in a transaction dated 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 completion of the acquisition, 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Ersan Sayman sold 15,200 shares of Floor & Decor stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.80% of the company’s stock.

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.