WINTON GROUP Ltd Buys New Position in Floor & Decor Holdings, Inc. $FND

WINTON GROUP Ltd bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 94,734 shares of the company’s stock, valued at approximately $5,623,000.

A number of other hedge funds have also added to or reduced their stakes in FND. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Floor & Decor by 9.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company’s stock valued at $27,346,000 after buying an additional 30,195 shares during the period. Invesco Ltd. grew its position in shares of Floor & Decor by 290.8% during the 2nd quarter. Invesco Ltd. now owns 597,083 shares of the company’s stock worth $45,354,000 after buying an additional 444,290 shares during the period. California Public Employees Retirement System increased its stake in shares of Floor & Decor by 12.7% in the 2nd quarter. California Public Employees Retirement System now owns 140,132 shares of the company’s stock valued at $10,644,000 after acquiring an additional 15,821 shares in the last quarter. State Street Corp increased its stake in shares of Floor & Decor by 1.1% in the 2nd quarter. State Street Corp now owns 3,811,571 shares of the company’s stock valued at $289,527,000 after acquiring an additional 42,636 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Floor & Decor by 33.9% during the 2nd quarter. Sei Investments Co. now owns 343,573 shares of the company’s stock valued at $26,098,000 after acquiring an additional 87,013 shares during the period.

Floor & Decor Stock Down 1.5%

FND stock opened at $46.88 on Friday. The stock’s fifty day simple moving average is $55.17 and its two-hundred day simple moving average is $53.88. The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. Floor & Decor Holdings, Inc. has a 1-year low of $42.64 and a 1-year high of $92.40. The stock has a market cap of $4.99 billion, a P/E ratio of 21.80, a P/E/G ratio of 3.86 and a beta of 1.55.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Floor & Decor had a net margin of 4.93% and a return on equity of 8.20%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company posted $0.58 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. Analysts expect that Floor & Decor Holdings, Inc. will post 1.99 EPS for the current year.

Insider Activity at Floor & Decor

In related news, insider Thomas V. Taylor sold 218,189 shares of Floor & Decor stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $62.30, for a total value of $13,593,174.70. Following the sale, the insider owned 229,820 shares of the company’s stock, valued at approximately $14,317,786. The trade was a 48.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FND. Evercore set a $60.00 target price on shares of Floor & Decor in a research note on Tuesday, July 7th. Robert W. Baird set a $67.00 price target on shares of Floor & Decor in a research note on Friday, July 31st. Weiss Ratings upgraded shares of Floor & Decor from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 26th. Truist Financial increased their price objective on shares of Floor & Decor from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, The Goldman Sachs Group set a $53.00 target price on Floor & Decor in a research note on Saturday, August 1st. Five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and a consensus target price of $59.42.

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.