Elevation Point Wealth Partners LLC Takes Position in Floor & Decor Holdings, Inc. $FND

Elevation Point Wealth Partners LLC acquired a new position in Floor & Decor Holdings, Inc. (NYSE:FND) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 54,447 shares of the company’s stock, valued at approximately $2,766,000.

A number of other hedge funds have also recently made changes to their positions in FND. Cibc World Market Inc. increased its holdings in Floor & Decor by 1.6% in the 4th quarter. Cibc World Market Inc. now owns 9,253 shares of the company’s stock valued at $563,000 after purchasing an additional 146 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Floor & Decor by 50.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock worth $34,000 after purchasing an additional 186 shares in the last quarter. Capital Analysts LLC boosted its position in shares of Floor & Decor by 32.2% during the fourth quarter. Capital Analysts LLC now owns 767 shares of the company’s stock worth $47,000 after buying an additional 187 shares during the period. Global Retirement Partners LLC boosted its position in shares of Floor & Decor by 35.5% during the fourth quarter. Global Retirement Partners LLC now owns 722 shares of the company’s stock worth $44,000 after buying an additional 189 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Floor & Decor by 0.3% in the third quarter. CANADA LIFE ASSURANCE Co now owns 78,410 shares of the company’s stock valued at $5,895,000 after buying an additional 221 shares in the last quarter.

Insider Activity

In other news, CEO Bradley Paulsen bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were purchased at an average cost of $50.25 per share, for a total transaction of $251,250.00. Following the completion of the purchase, the chief executive officer owned 85,010 shares of the company’s stock, valued at approximately $4,271,752.50. This represents a 6.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bryan Langley bought 2,500 shares of Floor & Decor stock in a transaction that occurred on Monday, May 4th. The stock was purchased at an average cost of $48.69 per share, for a total transaction of $121,725.00. Following the acquisition, the chief financial officer owned 42,016 shares of the company’s stock, valued at $2,045,759.04. This represents a 6.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.80% of the company’s stock.

Floor & Decor Trading Up 0.1%

Shares of NYSE FND opened at $59.08 on Friday. The stock has a market cap of $6.37 billion, a P/E ratio of 32.11, a PEG ratio of 5.08 and a beta of 1.58. Floor & Decor Holdings, Inc. has a 12-month low of $42.64 and a 12-month high of $92.40. The business’s fifty day simple moving average is $50.92 and its 200-day simple moving average is $58.37.

Floor & Decor (NYSE:FND) last released its 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). Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. On average, equities analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. UBS Group cut their price objective on Floor & Decor from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Bank of America downgraded Floor & Decor from a “buy” rating to an “underperform” rating and set a $45.00 target price for the company. in a research report on Friday, April 17th. Zacks Research lowered shares of Floor & Decor from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Stifel Nicolaus set a $75.00 price target on shares of Floor & Decor in a research report on Friday, May 1st. Finally, Evercore set a $51.00 price objective on shares of Floor & Decor in a research note on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and a consensus price target of $59.17.

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.