Future Fund LLC Raises Stock Holdings in Floor & Decor Holdings, Inc. $FND

Future Fund LLC increased its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 90.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 24,499 shares of the company’s stock after buying an additional 11,658 shares during the period. Future Fund LLC’s holdings in Floor & Decor were worth $1,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaQuest LLC raised its stake in Floor & Decor by 27.2% in the 3rd quarter. AlphaQuest LLC now owns 805 shares of the company’s stock worth $59,000 after acquiring an additional 172 shares during the last quarter. Fifth Third Bancorp raised its stake in Floor & Decor by 19.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,141 shares of the company’s stock worth $84,000 after acquiring an additional 182 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Floor & Decor by 50.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock worth $34,000 after acquiring an additional 186 shares during the last quarter. Global Retirement Partners LLC raised its stake in Floor & Decor by 35.5% in the 4th quarter. Global Retirement Partners LLC now owns 722 shares of the company’s stock worth $44,000 after acquiring an additional 189 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in Floor & Decor by 0.3% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 78,410 shares of the company’s stock worth $5,895,000 after acquiring an additional 221 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citigroup reduced 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. UBS Group dropped their target price on Floor & Decor from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Stifel Nicolaus set a $75.00 target price on Floor & Decor in a research report on Friday, May 1st. TD Cowen lowered their price objective on Floor & Decor from $60.00 to $48.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Finally, Barclays lowered their price objective 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. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and an average target price of $59.17.

Insider Transactions at Floor & Decor

In other news, EVP Ersan Sayman sold 15,200 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $48.28, for a total transaction of $733,856.00. Following the transaction, the executive vice president directly owned 71,676 shares in the company, valued at $3,460,517.28. The trade was a 17.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bryan Langley bought 2,500 shares of the stock in a transaction dated Monday, May 4th. The shares were bought at an average price of $48.69 per share, for a total transaction of $121,725.00. Following the completion of the acquisition, the chief financial officer owned 42,016 shares in the company, valued at approximately $2,045,759.04. The trade was a 6.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.80% of the company’s stock.

Floor & Decor Trading Up 0.2%

FND stock opened at $51.50 on Friday. Floor & Decor Holdings, Inc. has a 12-month low of $42.64 and a 12-month high of $92.40. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 4.42 and a beta of 1.63. The business’s 50-day moving average is $49.89 and its 200 day moving average is $59.86.

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