Fenimore Asset Management Inc Purchases 39,020 Shares of Floor & Decor Holdings, Inc. $FND

Fenimore Asset Management Inc raised its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 11.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 392,536 shares of the company’s stock after acquiring an additional 39,020 shares during the period. Fenimore Asset Management Inc’s holdings in Floor & Decor were worth $17,982,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of FND. Versant Capital Management Inc raised its holdings in shares of Floor & Decor by 3,263.2% in the third quarter. Versant Capital Management Inc now owns 639 shares of the company’s stock valued at $29,000 after purchasing an additional 620 shares during the last quarter. Summit Securities Group LLC acquired a new position in Floor & Decor during the first quarter worth $31,000. Leonteq Securities AG grew its position in Floor & Decor by 320.7% in the first quarter. Leonteq Securities AG now owns 1,077 shares of the company’s stock valued at $55,000 after purchasing an additional 821 shares in the last quarter. Trust Co. of Vermont bought a new position in Floor & Decor in the second quarter valued at $68,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Floor & Decor by 20.2% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,703 shares of the company’s stock valued at $78,000 after buying an additional 286 shares during the last quarter.

Analyst Ratings Changes

FND has been the topic of several analyst reports. Weiss Ratings raised shares of Floor & Decor from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, September 25th. Wolfe Research reaffirmed an “underperform” rating and issued a $41.00 target price on shares of Floor & Decor in a research report on Tuesday, July 21st. TD Cowen reiterated a “hold” rating on shares of Floor & Decor in a report on Monday, August 3rd. Morgan Stanley increased their price target on Floor & Decor from $56.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Finally, UBS Group boosted their price target on Floor & Decor from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Floor & Decor presently has an average rating of “Hold” and a consensus price target of $59.16.

Floor & Decor Stock Performance

NYSE:FND traded up $0.68 on Thursday, hitting $46.50. The company’s stock had a trading volume of 3,335,099 shares, compared to its average volume of 2,694,959. The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average of $51.81 and a two-hundred day moving average of $51.86. The firm has a market capitalization of $4.95 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 3.81 and a beta of 1.60. Floor & Decor Holdings, Inc. has a one year low of $42.64 and a one year high of $77.46.

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

Insider Buying and Selling

In other Floor & Decor news, insider Thomas V. Taylor sold 218,189 shares of Floor & Decor stock in a transaction on Friday, August 7th. The shares were sold at an average price of $62.30, for a total transaction of $13,593,174.70. Following the completion of the transaction, the insider directly owned 229,820 shares of the company’s stock, valued at $14,317,786. The trade was a 48.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Floor & Decor Profile

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company sells tile, natural stone, wood, laminate and luxury vinyl flooring, along with installation materials, tools, accessories and decorative products for residential and commercial projects.

Floor & Decor operates warehouse-format stores and an e-commerce platform serving do-it-yourself customers, professional contractors, designers and commercial clients. Its stores generally offer a broad selection of in-stock flooring products, design services, installation supplies and related project resources.

Founded in 2000 and headquartered in Atlanta, Georgia, the company serves customers across the United States.