Floor & Decor Holdings, Inc. $FND Holdings Reduced by RDST Capital LLC

RDST Capital LLC lowered its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 42.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 531,328 shares of the company’s stock after selling 393,919 shares during the quarter. Floor & Decor comprises approximately 2.6% of RDST Capital LLC’s investment portfolio, making the stock its 18th biggest holding. RDST Capital LLC’s holdings in Floor & Decor were worth $26,991,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Littlejohn & Co. LLC acquired a new stake in Floor & Decor in the 4th quarter valued at approximately $7,916,000. WINTON GROUP Ltd bought a new stake in Floor & Decor during the 4th quarter valued at $5,163,000. Black Cypress Capital Management LLC boosted its position in Floor & Decor by 135.0% during the 4th quarter. Black Cypress Capital Management LLC now owns 201,673 shares of the company’s stock worth $12,280,000 after acquiring an additional 115,858 shares during the period. Principal Financial Group Inc. boosted its position in Floor & Decor by 0.4% during the 4th quarter. Principal Financial Group Inc. now owns 6,421,067 shares of the company’s stock worth $390,981,000 after acquiring an additional 22,636 shares during the period. Finally, Ruffer LLP bought a new position in shares of Floor & Decor in the fourth quarter worth $47,231,000.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FND. Morgan Stanley reissued a “positive” rating and set a $56.00 price target on shares of Floor & Decor in a report on Friday, May 1st. Barclays reduced their price objective on shares of Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Citigroup reiterated a “neutral” rating on shares of Floor & Decor in a research report on Thursday, July 16th. Piper Sandler reissued an “overweight” rating on shares of Floor & Decor in a research note on Tuesday, May 26th. Finally, Zacks Research upgraded shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $57.72.

Floor & Decor Trading Up 2.5%

NYSE FND opened at $56.82 on Wednesday. Floor & Decor Holdings, Inc. has a 1 year low of $42.64 and a 1 year high of $92.40. The stock’s 50-day moving average price is $53.38 and its two-hundred day moving average price is $57.50. The company has a market cap of $6.13 billion, a PE ratio of 30.88, a PEG ratio of 4.73 and a beta of 1.58.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Floor & Decor had a net margin of 4.27% and a return on equity of 8.38%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. Research analysts forecast that Floor & Decor Holdings, Inc. will post 1.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other Floor & Decor news, EVP Ersan Sayman sold 15,200 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $48.28, for a total transaction of $733,856.00. Following the completion of the sale, the executive vice president directly owned 71,676 shares in the company, valued at approximately $3,460,517.28. This trade represents a 17.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Bradley Paulsen bought 5,000 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was acquired at an average price of $50.25 per share, for a total transaction of $251,250.00. Following the acquisition, the chief executive officer directly owned 85,010 shares in the company, valued at $4,271,752.50. This trade represents a 6.25% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.80% of the company’s stock.

Floor & Decor 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.