VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Floor & Decor Holdings, Inc. $FND

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Floor & Decor Holdings, Inc. (NYSE:FND) during the second quarter, Holdings Channel reports. The firm bought 30,700 shares of the company’s stock, valued at approximately $1,822,000.

Several other large investors have also added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new position in Floor & Decor during the 3rd quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Floor & Decor by 207.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock worth $27,000 after purchasing an additional 247 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Floor & Decor in the first quarter valued at approximately $31,000. Clearstead Advisors LLC lifted its holdings in shares of Floor & Decor by 215.7% in the fourth quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after purchasing an additional 384 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Floor & Decor during the fourth quarter valued at approximately $34,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Truist Financial upped their price target on Floor & Decor from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Wells Fargo & Company raised their price objective on Floor & Decor from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Weiss Ratings downgraded shares of Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Wolfe Research reiterated an “underperform” rating and issued a $41.00 target price on shares of Floor & Decor in a research note on Tuesday, July 21st. Finally, TD Cowen reiterated a “hold” rating on shares of Floor & Decor in a report on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $59.42.

Floor & Decor Price Performance

Floor & Decor stock opened at $47.36 on Friday. The business’s 50 day simple moving average is $54.94 and its 200 day simple moving average is $53.84. Floor & Decor Holdings, Inc. has a 12 month low of $42.64 and a 12 month high of $92.40. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 3.80 and a beta of 1.55. The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08.

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

Insider Buying and Selling at Floor & Decor

In related news, insider Thomas V. Taylor sold 218,189 shares of Floor & Decor stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $62.30, for a total value of $13,593,174.70. Following the completion of the sale, the insider owned 229,820 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company sells a broad selection of tile, natural stone, hardwood, laminate and luxury vinyl flooring, along with installation materials, tools, trims and accessories.

Floor & Decor serves do-it-yourself customers, professional flooring contractors, homebuilders, designers and commercial customers. Its stores generally operate in a warehouse-format model designed to offer a wide product assortment, and the company also sells through its e-commerce platform and provides design and project-support services.

Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor has expanded its store network across the United States.