Militia Capital Management LLC Acquires New Holdings in Floor & Decor Holdings, Inc. $FND

Militia Capital Management LLC bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,900 shares of the company’s stock, valued at approximately $1,367,000.

Several other hedge funds have also recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Floor & Decor by 9.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company’s stock worth $27,346,000 after purchasing an additional 30,195 shares in the last quarter. Invesco Ltd. lifted its stake in Floor & Decor by 290.8% in the 2nd quarter. Invesco Ltd. now owns 597,083 shares of the company’s stock valued at $45,354,000 after purchasing an additional 444,290 shares during the last quarter. California Public Employees Retirement System increased its position in Floor & Decor by 12.7% during the second quarter. California Public Employees Retirement System now owns 140,132 shares of the company’s stock worth $10,644,000 after buying an additional 15,821 shares during the last quarter. State Street Corp increased its position in Floor & Decor by 1.1% during the second quarter. State Street Corp now owns 3,811,571 shares of the company’s stock worth $289,527,000 after buying an additional 42,636 shares during 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 buying an additional 87,013 shares during the period.

Insider Transactions at Floor & Decor

In other news, EVP Ersan Sayman sold 15,200 shares of the business’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 completion of the sale, the executive vice president owned 71,676 shares of the company’s stock, valued at approximately $3,460,517.28. The trade was a 17.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Bradley Paulsen purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was acquired at an average price of $50.25 per share, for a total transaction of $251,250.00. Following the completion of the purchase, the chief executive officer directly owned 85,010 shares of the company’s stock, valued at $4,271,752.50. This 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.

Analyst Upgrades and Downgrades

FND has been the subject of a number of recent analyst reports. UBS Group cut their price objective on Floor & Decor from $70.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Weiss Ratings cut Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Guggenheim cut their price target on Floor & Decor from $90.00 to $65.00 and set a “buy” rating for the company in a report on Friday, May 1st. Robert W. Baird set a $63.00 price objective on shares of Floor & Decor in a research report on Friday, May 1st. Finally, Zacks Research upgraded shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Floor & Decor has an average rating of “Hold” and an average price target of $57.72.

Floor & Decor Stock Down 2.1%

Shares of NYSE:FND opened at $53.05 on Friday. Floor & Decor Holdings, Inc. has a 12-month low of $42.64 and a 12-month high of $92.40. The business has a 50 day moving average of $52.71 and a 200-day moving average of $57.70. The stock has a market cap of $5.72 billion, a PE ratio of 28.83, a P/E/G ratio of 4.66 and a beta of 1.58.

Floor & Decor (NYSE:FND) last released 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 net margin of 4.27% and a return on equity of 8.38%. The firm 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 firm earned $0.46 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. Equities research analysts expect that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current year.

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.