126,751 Floor & Decor Holdings, Inc. $FND Shares Purchased by Confluence Investment Management LLC

Confluence Investment Management LLC increased its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 96.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,061 shares of the company’s stock after purchasing an additional 126,751 shares during the period. Confluence Investment Management LLC’s holdings in Floor & Decor were worth $11,822,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Summit Securities Group LLC bought a new stake in Floor & Decor during the 1st quarter valued at $31,000. Clearstead Advisors LLC grew its holdings in shares of Floor & Decor by 215.7% during the fourth quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after buying an additional 384 shares during the last quarter. Leonteq Securities AG increased its position in shares of Floor & Decor by 320.7% during the first quarter. Leonteq Securities AG now owns 1,077 shares of the company’s stock worth $55,000 after acquiring an additional 821 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of Floor & Decor during the second quarter worth about $68,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Floor & Decor in the 4th quarter worth about $74,000.

Insider Transactions at Floor & Decor

In other Floor & Decor news, insider Thomas V. Taylor sold 218,189 shares of the company’s stock in a transaction on 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 transaction, the insider owned 229,820 shares in the company, valued at $14,317,786. This represents a 48.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

Floor & Decor Stock Performance

Shares of Floor & Decor stock traded down $0.06 during mid-day trading on Thursday, hitting $45.76. 1,245,841 shares of the stock were exchanged, compared to its average volume of 2,691,405. Floor & Decor Holdings, Inc. has a 12 month low of $42.64 and a 12 month high of $77.46. The company has a 50-day simple moving average of $52.69 and a 200 day simple moving average of $52.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.33. The company has a market capitalization of $4.87 billion, a P/E ratio of 21.25, a P/E/G ratio of 3.82 and a beta of 1.55.

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, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Floor & Decor had a return on equity of 8.20% and a net margin of 4.93%.Floor & Decor’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. Sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 1.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. TD Cowen reiterated a “hold” rating on shares of Floor & Decor in a research note on Monday, August 3rd. UBS Group lifted their target price on Floor & Decor from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Telsey Advisory Group upped their price target on Floor & Decor from $61.00 to $68.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Wolfe Research reissued an “underperform” rating and issued a $41.00 price target on shares of Floor & Decor in a research report on Tuesday, July 21st. Finally, Morgan Stanley raised their price objective on Floor & Decor from $56.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Floor & Decor currently has a consensus rating of “Hold” and an average price target of $59.16.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company sells tile, natural stone, wood, laminate and luxury vinyl flooring, along with installation materials, tools, accessories and decorative products for residential and commercial projects.

Floor & Decor operates warehouse-format stores and an e-commerce platform serving do-it-yourself customers, professional contractors, designers and commercial clients. Its stores generally offer a broad selection of in-stock flooring products, design services, installation supplies and related project resources.

Founded in 2000 and headquartered in Atlanta, Georgia, the company serves customers across the United States.