AGP Franklin LLC Acquires Shares of 23,867 Floor & Decor Holdings, Inc. $FND

AGP Franklin LLC acquired a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,867 shares of the company’s stock, valued at approximately $1,212,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FND. NZS Capital LLC boosted its position in shares of Floor & Decor by 50.6% during the third quarter. NZS Capital LLC now owns 267,750 shares of the company’s stock valued at $19,733,000 after buying an additional 89,997 shares during the last quarter. Littlejohn & Co. LLC bought a new stake in Floor & Decor during the fourth quarter worth $7,916,000. TD Asset Management Inc raised its position in Floor & Decor by 134.7% in the 3rd quarter. TD Asset Management Inc now owns 35,162 shares of the company’s stock valued at $2,591,000 after buying an additional 20,182 shares during the last quarter. Waratah Capital Advisors Ltd. raised its position in Floor & Decor by 31.5% in the 3rd quarter. Waratah Capital Advisors Ltd. now owns 572,801 shares of the company’s stock valued at $42,215,000 after buying an additional 137,343 shares during the last quarter. Finally, Black Cypress Capital Management LLC lifted its stake in Floor & Decor by 135.0% during the 4th quarter. Black Cypress Capital Management LLC now owns 201,673 shares of the company’s stock valued at $12,280,000 after acquiring an additional 115,858 shares in the last quarter.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, EVP Ersan Sayman sold 15,200 shares of the business’s stock in a transaction 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 sale, the executive vice president directly owned 71,676 shares in the company, valued at $3,460,517.28. The trade was a 17.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Bryan Langley bought 2,500 shares of the stock in a transaction on Monday, May 4th. The stock was purchased at an average price of $48.69 per share, for a total transaction of $121,725.00. Following the completion of the purchase, the chief financial officer owned 42,016 shares of the company’s stock, valued at approximately $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 corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FND shares. Citigroup cut their price objective on shares of Floor & Decor from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. UBS Group lowered their target price on shares of Floor & Decor from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, May 1st. TD Cowen dropped their price target on shares of Floor & Decor from $60.00 to $48.00 and set a “hold” rating on the stock in a research report on Friday, May 1st. Weiss Ratings cut shares of Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Finally, 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 report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and a consensus target price of $59.17.

Floor & Decor Stock Down 4.0%

FND opened at $50.92 on Tuesday. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 4.56 and a beta of 1.62. Floor & Decor Holdings, Inc. has a twelve month low of $42.64 and a twelve month high of $92.40. The company’s 50-day moving average price is $49.97 and its two-hundred day moving average price is $58.66.

Floor & Decor (NYSE:FND) last issued its quarterly 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). 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 for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the business earned $0.46 EPS. The company’s revenue for the quarter 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, sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 1.92 earnings per share 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.