Fisher Funds Management LTD Buys 195,952 Shares of Floor & Decor Holdings, Inc. $FND

Fisher Funds Management LTD increased its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 22.0% during the first quarter, Holdings Channel reports. The institutional investor owned 1,086,888 shares of the company’s stock after purchasing an additional 195,952 shares during the quarter. Floor & Decor comprises 1.6% of Fisher Funds Management LTD’s holdings, making the stock its 17th biggest position. Fisher Funds Management LTD’s holdings in Floor & Decor were worth $55,247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors lifted its position in shares of Floor & Decor by 8.1% in the 4th quarter. Capital World Investors now owns 7,472,044 shares of the company’s stock worth $454,975,000 after acquiring an additional 557,728 shares during the period. Principal Financial Group Inc. increased its position in shares of Floor & Decor by 0.4% during the fourth quarter. Principal Financial Group Inc. now owns 6,421,067 shares of the company’s stock valued at $390,981,000 after purchasing an additional 22,636 shares during the period. Morgan Stanley increased its position in shares of Floor & Decor by 10.4% during the fourth quarter. Morgan Stanley now owns 5,120,116 shares of the company’s stock valued at $311,764,000 after purchasing an additional 484,243 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake 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 purchasing an additional 3,881,522 shares in the last quarter. Finally, State Street Corp lifted 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 purchasing an additional 42,636 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FND. JPMorgan Chase & Co. decreased 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 note on Friday, April 24th. Mizuho reduced their price objective on shares of Floor & Decor from $72.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Zacks Research downgraded shares of Floor & Decor from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Zelman & Associates decreased their target price on shares of Floor & Decor from $80.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Finally, Barclays lowered their target price on shares of Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $59.17.

Floor & Decor Price Performance

Shares of FND stock opened at $52.90 on Monday. The stock’s fifty day simple moving average is $50.00 and its 200 day simple moving average is $58.76. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 28.75, a P/E/G ratio of 4.56 and a beta of 1.62. Floor & Decor Holdings, Inc. has a one year low of $42.64 and a one year high of $92.40.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results 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). Floor & Decor had a net margin of 4.27% and a return on equity of 8.38%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company earned $0.46 earnings per share. The business’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. On average, research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Activity

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

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.