Bridges Investment Management Inc. Sells 84,895 Shares of Floor & Decor Holdings, Inc. $FND

Bridges Investment Management Inc. cut its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 17.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 396,378 shares of the company’s stock after selling 84,895 shares during the quarter. Bridges Investment Management Inc.’s holdings in Floor & Decor were worth $24,135,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its position in shares of Floor & Decor by 20.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 337,870 shares of the company’s stock worth $24,901,000 after buying an additional 56,870 shares during the last quarter. NZS Capital LLC lifted its position in shares of Floor & Decor by 50.6% during the 3rd quarter. NZS Capital LLC now owns 267,750 shares of the company’s stock worth $19,733,000 after buying an additional 89,997 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new position in Floor & Decor during the third quarter worth about $1,916,000. TD Asset Management Inc raised its stake in Floor & Decor by 134.7% during the third quarter. TD Asset Management Inc now owns 35,162 shares of the company’s stock worth $2,591,000 after acquiring an additional 20,182 shares in the last quarter. Finally, Madison Asset Management LLC raised its stake in Floor & Decor by 1.0% during the third quarter. Madison Asset Management LLC now owns 1,644,673 shares of the company’s stock worth $121,212,000 after acquiring an additional 16,853 shares in the last quarter.

Insider Buying and Selling at Floor & Decor

In other news, CFO Bryan Langley purchased 2,500 shares of the business’s stock in a transaction on Monday, May 4th. The shares were acquired at an average price of $48.69 per share, with a total value of $121,725.00. Following the completion of the transaction, the chief financial officer owned 42,016 shares of the company’s stock, valued at $2,045,759.04. The trade was a 6.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bradley Paulsen purchased 5,000 shares of the business’s stock in a transaction on Monday, May 4th. The shares were purchased at an average cost of $50.25 per share, for a total transaction of $251,250.00. Following the transaction, the chief executive officer directly owned 85,010 shares of the company’s stock, valued at approximately $4,271,752.50. The trade was 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.

Floor & Decor Stock Down 0.1%

Shares of NYSE:FND opened at $50.57 on Wednesday. The firm has a market cap of $5.46 billion, a P/E ratio of 27.49, a P/E/G ratio of 4.36 and a beta of 1.62. Floor & Decor Holdings, Inc. has a 12-month low of $42.64 and a 12-month high of $92.40. The business has a fifty day simple moving average of $49.84 and a 200 day simple moving average of $59.79.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Citigroup lowered their target price on Floor & Decor from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Barclays lowered their target price on Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. Piper Sandler reissued an “overweight” rating on shares of Floor & Decor in a research note on Tuesday, May 26th. Zacks Research downgraded Floor & Decor from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Finally, Zelman & Associates lowered their target price on Floor & Decor from $80.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $59.17.

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.