Renaissance Technologies LLC Makes New $2.41 Million Investment in Floor & Decor Holdings, Inc. $FND

Renaissance Technologies LLC purchased a new position in Floor & Decor Holdings, Inc. (NYSE:FND) during the first quarter, Holdings Channel reports. The fund purchased 47,500 shares of the company’s stock, valued at approximately $2,413,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its stake in Floor & Decor by 8.9% in the first quarter. Public Employees Retirement System of Ohio now owns 73,289 shares of the company’s stock valued at $3,723,000 after acquiring an additional 5,969 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Floor & Decor in the 1st quarter worth about $2,165,000. Gibbs Wealth Management purchased a new position in shares of Floor & Decor in the 1st quarter worth about $427,000. Sei Investments Co. increased its position in shares of Floor & Decor by 11.5% during the 1st quarter. Sei Investments Co. now owns 359,459 shares of the company’s stock valued at $18,260,000 after purchasing an additional 37,113 shares during the last quarter. Finally, Militia Capital Management LLC purchased a new position in shares of Floor & Decor during the 1st quarter valued at about $1,367,000.

Insider Activity

In related news, insider Thomas V. Taylor sold 218,189 shares of Floor & Decor stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $62.30, for a total transaction of $13,593,174.70. Following the completion of the transaction, the insider directly owned 229,820 shares of the company’s stock, valued at $14,317,786. This trade represents a 48.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FND has been the subject of a number of recent research reports. Evercore set a $60.00 target price on Floor & Decor in a research report on Tuesday, July 7th. Zacks Research raised shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a research note on Friday, July 3rd. Piper Sandler boosted their price objective on shares of Floor & Decor from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. UBS Group upped their price objective on shares of Floor & Decor from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Finally, Robert W. Baird set a $67.00 target price on shares of Floor & Decor in a report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and a consensus price target of $59.42.

Floor & Decor Price Performance

Shares of FND stock opened at $59.28 on Tuesday. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 5.08 and a beta of 1.57. The business’s fifty day moving average is $55.14 and its 200 day moving average is $56.54. Floor & Decor Holdings, Inc. has a twelve month low of $42.64 and a twelve month high of $92.40. The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.08.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. Floor & Decor had a return on equity of 8.20% and a net margin of 4.93%.The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $0.58 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. Research analysts expect that Floor & Decor Holdings, Inc. will post 1.99 EPS for the current fiscal 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.