Bamco Inc. NY Sells 172,994 Shares of Floor & Decor Holdings, Inc. $FND

Bamco Inc. NY decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 11.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,354,401 shares of the company’s stock after selling 172,994 shares during the period. Bamco Inc. NY’s holdings in Floor & Decor were worth $82,469,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in Floor & Decor during the third quarter valued at $26,000. Northwestern Mutual Wealth Management Co. boosted its stake in 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 Floor & Decor during the fourth quarter valued at $34,000. Clearstead Advisors LLC boosted its stake in Floor & Decor by 215.7% during the fourth quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after buying an additional 384 shares during the period. Finally, State of Wyoming bought a new stake in Floor & Decor during the second quarter valued at $46,000.

Insider Activity

In other news, EVP Ersan Sayman sold 15,200 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $48.28, for a total value of $733,856.00. Following the completion of the sale, the executive vice president owned 71,676 shares of the company’s stock, valued at approximately $3,460,517.28. The trade was a 17.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bradley Paulsen bought 5,000 shares of the stock in a transaction dated Monday, May 4th. The stock was bought at an average cost of $50.25 per share, with a total value of $251,250.00. Following the purchase, the chief executive officer owned 85,010 shares in the company, valued at $4,271,752.50. The trade was a 6.25% increase in their position. The SEC filing for this purchase provides additional information. 1.80% of the stock is currently owned by corporate insiders.

Floor & Decor Trading Down 4.6%

NYSE FND opened at $50.08 on Thursday. Floor & Decor Holdings, Inc. has a 1-year low of $42.64 and a 1-year high of $92.40. The stock has a 50-day moving average of $49.86 and a 200-day moving average of $58.91. The firm has a market cap of $5.40 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 4.51 and a beta of 1.62.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FND shares. Stifel Nicolaus set a $75.00 price objective on Floor & Decor in a research note on Friday, May 1st. Guggenheim dropped their price objective on Floor & Decor from $90.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, May 1st. JPMorgan Chase & Co. dropped their price target on Floor & Decor from $78.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Evercore set a $51.00 price target on Floor & Decor in a research note on Friday, May 1st. Finally, TD Cowen dropped their price target on Floor & Decor from $60.00 to $48.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $59.17.

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.