Elevation Point Wealth Partners LLC Invests $2.77 Million in Floor & Decor Holdings, Inc. $FND

Elevation Point Wealth Partners LLC purchased a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 54,447 shares of the company’s stock, valued at approximately $2,766,000. Elevation Point Wealth Partners LLC owned approximately 0.05% of Floor & Decor at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position 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 acquiring an additional 3,881,522 shares in the last quarter. Capital World Investors raised its stake in Floor & Decor by 37.2% in the 3rd quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock valued at $509,589,000 after purchasing an additional 1,872,892 shares during the last quarter. Champlain Investment Partners LLC purchased a new position in Floor & Decor in the 4th quarter valued at $108,060,000. Durable Capital Partners LP purchased a new position in Floor & Decor in the 2nd quarter valued at $106,221,000. Finally, FIL Ltd boosted its stake in Floor & Decor by 193.9% during the 4th quarter. FIL Ltd now owns 1,836,696 shares of the company’s stock worth $111,836,000 after purchasing an additional 1,211,731 shares during the last quarter.

Insider Buying and Selling

In other Floor & Decor news, CEO Bradley Paulsen purchased 5,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were acquired at an average price of $50.25 per share, with a total value of $251,250.00. Following the purchase, the chief executive officer directly owned 85,010 shares in the company, valued at approximately $4,271,752.50. This trade represents a 6.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ersan Sayman sold 15,200 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $48.28, for a total value of $733,856.00. Following the completion of the transaction, the executive vice president directly owned 71,676 shares in the company, valued at approximately $3,460,517.28. This trade represents a 17.50% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.80% of the stock is currently owned by company insiders.

Floor & Decor Price Performance

Shares of FND stock opened at $59.08 on Friday. The company has a market capitalization of $6.37 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 5.08 and a beta of 1.58. The firm’s 50-day moving average is $50.92 and its two-hundred day moving average is $58.37. Floor & Decor Holdings, Inc. has a 12 month low of $42.64 and a 12 month high of $92.40.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results 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). The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Floor & Decor had a net margin of 4.27% and a return on equity of 8.38%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. Sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on FND. Zelman & Associates dropped their target price on shares of Floor & Decor from $80.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Robert W. Baird set a $63.00 price target on shares of Floor & Decor in a research report on Friday, May 1st. Morgan Stanley reiterated a “positive” rating and issued a $56.00 price objective on shares of Floor & Decor in a report on Friday, May 1st. Wells Fargo & Company decreased their target price 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. Finally, Piper Sandler restated an “overweight” rating on shares of Floor & Decor in a report on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $59.17.

Floor & Decor 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.