Floor & Decor Holdings, Inc. $FND Stock Holdings Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 1.5% during the first quarter, HoldingsChannel.com reports. The firm owned 615,878 shares of the company’s stock after selling 9,430 shares during the period. Bank of New York Mellon Corp’s holdings in Floor & Decor were worth $31,287,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Advisory Services Network LLC acquired a new position in Floor & Decor in the third quarter worth about $26,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Floor & Decor by 207.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock valued at $27,000 after acquiring an additional 247 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Floor & Decor during the 1st quarter valued at approximately $31,000. Clearstead Advisors LLC lifted its stake in Floor & Decor by 215.7% during the fourth quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock worth $34,000 after purchasing an additional 384 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Floor & Decor during the fourth quarter worth $34,000.

Floor & Decor Stock Performance

Shares of FND opened at $53.78 on Monday. The firm has a fifty day moving average of $52.92 and a 200-day moving average of $57.63. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 4.59 and a beta of 1.58. Floor & Decor Holdings, Inc. has a 1 year low of $42.64 and a 1 year high of $92.40.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.19 billion. Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.The firm’s revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. Analysts predict that Floor & Decor Holdings, Inc. will post 1.94 EPS for the current year.

Insiders Place Their Bets

In other Floor & Decor news, CEO Bradley Paulsen purchased 5,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were bought at an average price of $50.25 per share, with a total value of $251,250.00. Following the completion of the acquisition, the chief executive officer owned 85,010 shares in the company, valued at approximately $4,271,752.50. This represents a 6.25% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ersan Sayman sold 15,200 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $48.28, for a total value of $733,856.00. Following the transaction, 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 disclosure for this sale is available in the SEC filing. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings downgraded shares of Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Stifel Nicolaus set a $75.00 price target on shares of Floor & Decor in a research report on Friday, May 1st. Guggenheim decreased their price target on shares of Floor & Decor from $90.00 to $65.00 and set a “buy” rating for the company in a report on Friday, May 1st. Bank of America downgraded shares of Floor & Decor from a “buy” rating to an “underperform” rating and set a $45.00 price objective for the company. in a research report on Friday, April 17th. Finally, Wells Fargo & Company dropped their price objective on shares of Floor & Decor from $70.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Floor & Decor currently has a consensus rating of “Hold” and a consensus target price of $57.72.

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.