Louisiana State Employees Retirement System Takes Position in Floor & Decor Holdings, Inc. $FND

Louisiana State Employees Retirement System acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 31,200 shares of the company’s stock, valued at approximately $1,585,000.

Other large investors have also recently bought and sold shares of the company. Capital World Investors raised its holdings in Floor & Decor by 8.1% during the fourth quarter. Capital World Investors now owns 7,472,044 shares of the company’s stock valued at $454,975,000 after buying an additional 557,728 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Floor & Decor by 0.4% during the 4th quarter. Principal Financial Group Inc. now owns 6,421,067 shares of the company’s stock worth $390,981,000 after acquiring an additional 22,636 shares in the last quarter. Morgan Stanley increased its holdings in shares of Floor & Decor by 10.4% during the 4th quarter. Morgan Stanley now owns 5,120,116 shares of the company’s stock valued at $311,764,000 after acquiring an additional 484,243 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Floor & Decor by 1,060,525.1% during the 4th 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 during the last quarter. Finally, State Street Corp raised its stake in shares of Floor & Decor by 1.1% in the 2nd quarter. State Street Corp now owns 3,811,571 shares of the company’s stock valued at $289,527,000 after acquiring an additional 42,636 shares in the last quarter.

Insider Buying and Selling at Floor & Decor

In other news, CFO Bryan Langley acquired 2,500 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were bought at an average price of $48.69 per share, with a total value of $121,725.00. Following 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bradley Paulsen acquired 5,000 shares of the stock in a transaction dated Monday, May 4th. The shares were purchased at an average price of $50.25 per share, for a total transaction of $251,250.00. Following the completion of the transaction, the chief executive officer owned 85,010 shares of the company’s stock, valued at $4,271,752.50. This trade represents a 6.25% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.80% of the company’s stock.

Floor & Decor Trading Down 0.6%

Shares of FND stock opened at $59.01 on Thursday. Floor & Decor Holdings, Inc. has a 1 year low of $42.64 and a 1 year high of $92.40. The firm’s fifty day simple moving average is $50.64 and its 200 day simple moving average is $58.38. The firm has a market capitalization of $6.37 billion, a P/E ratio of 32.07, a price-to-earnings-growth ratio of 5.11 and a beta of 1.58.

Floor & Decor (NYSE:FND) last posted 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 during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business earned $0.46 earnings per share. The business’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. Equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on FND. Wells Fargo & Company decreased their target price on Floor & Decor from $70.00 to $50.00 and set an “equal weight” rating for the company in a research 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 report on Friday, April 17th. Stifel Nicolaus set a $75.00 target price on shares of Floor & Decor in a report on Friday, May 1st. Robert W. Baird set a $63.00 target price on shares of Floor & Decor in a research report on Friday, May 1st. Finally, Telsey Advisory Group dropped their price objective on Floor & Decor from $80.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Five equities 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $59.17.

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.