Diversify Wealth Management LLC Acquires 22,897 Shares of Floor & Decor Holdings, Inc. $FND

Diversify Wealth Management LLC raised its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 215.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 33,527 shares of the company’s stock after acquiring an additional 22,897 shares during the period. Diversify Wealth Management LLC’s holdings in Floor & Decor were worth $1,598,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Floor & Decor by 9.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company’s stock valued at $27,346,000 after acquiring an additional 30,195 shares during the last quarter. Invesco Ltd. increased its position in shares of Floor & Decor by 290.8% in the second quarter. Invesco Ltd. now owns 597,083 shares of the company’s stock worth $45,354,000 after purchasing an additional 444,290 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Floor & Decor by 12.7% in the second quarter. California Public Employees Retirement System now owns 140,132 shares of the company’s stock worth $10,644,000 after purchasing an additional 15,821 shares during the last quarter. State Street Corp raised its stake in Floor & Decor by 1.1% in the second quarter. State Street Corp now owns 3,811,571 shares of the company’s stock valued at $289,527,000 after purchasing an additional 42,636 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Floor & Decor by 33.9% in the second quarter. Sei Investments Co. now owns 343,573 shares of the company’s stock valued at $26,098,000 after purchasing an additional 87,013 shares in the last quarter.

Floor & Decor Trading Up 2.2%

Shares of NYSE:FND opened at $56.13 on Wednesday. The stock’s 50-day moving average price is $51.83 and its 200-day moving average price is $58.04. Floor & Decor Holdings, Inc. has a 12-month low of $42.64 and a 12-month high of $92.40. The stock has a market capitalization of $6.06 billion, a P/E ratio of 30.51, a price-to-earnings-growth ratio of 4.73 and a beta of 1.58.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 EPS. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. As a group, research analysts predict that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Bradley Paulsen purchased 5,000 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $4,271,752.50. This trade represents a 6.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Bryan Langley acquired 2,500 shares of the stock in a transaction on Monday, May 4th. The stock was bought at an average price of $48.69 per share, with a total value of $121,725.00. Following the transaction, the chief financial officer directly owned 42,016 shares of the company’s stock, valued at approximately $2,045,759.04. The trade was a 6.33% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FND. Piper Sandler reiterated an “overweight” rating on shares of Floor & Decor in a research report on Tuesday, May 26th. UBS Group decreased their price target on shares of Floor & Decor from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Zelman & Associates lowered their price objective 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. Zacks Research raised shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. Finally, Guggenheim cut their target price on shares of Floor & Decor from $90.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $59.67.

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.