Royal Bank of Canada Trims Stock Holdings in Floor & Decor Holdings, Inc. $FND

Royal Bank of Canada trimmed its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 42.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 571,778 shares of the company’s stock after selling 425,576 shares during the quarter. Royal Bank of Canada’s holdings in Floor & Decor were worth $29,046,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in Floor & Decor in the 3rd quarter worth about $26,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Floor & Decor by 207.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock valued at $27,000 after buying an additional 247 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Floor & Decor during the fourth quarter valued at about $34,000. 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 worth $34,000 after buying an additional 384 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of Floor & Decor in the second quarter worth about $46,000.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Barclays lowered their price target on Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Truist Financial lifted their price objective on shares of Floor & Decor from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of Floor & Decor from a “sell” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company increased their target price on Floor & Decor from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Zacks Research upgraded Floor & Decor from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. Five equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $59.42.

Floor & Decor Trading Up 6.4%

Shares of NYSE FND opened at $60.70 on Wednesday. Floor & Decor Holdings, Inc. has a twelve month low of $42.64 and a twelve month high of $92.40. The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $54.32 and a 200-day simple moving average of $56.94. The stock has a market capitalization of $6.55 billion, a PE ratio of 28.23, a PEG ratio of 4.68 and a beta of 1.57.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Floor & Decor had a net margin of 4.93% and a return on equity of 8.20%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 earnings per share. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. On average, equities analysts forecast that Floor & Decor Holdings, Inc. will post 1.97 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.