Public Employees Retirement System of Ohio Invests $1.89 Million in Floor & Decor Holdings, Inc. $FND

Public Employees Retirement System of Ohio purchased a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the second quarter, HoldingsChannel reports. The firm purchased 31,796 shares of the company’s stock, valued at approximately $1,887,000.

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

Insider Buying and Selling

In related news, insider Thomas V. Taylor sold 218,189 shares of the business’s stock in a transaction on Friday, August 7th. The stock was 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

FND has been the subject of several research analyst reports. Piper Sandler raised their price target on Floor & Decor from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Wells Fargo & Company boosted their price objective on Floor & Decor from $50.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Wolfe Research reissued an “underperform” rating and set a $41.00 target price on shares of Floor & Decor in a research note on Tuesday, July 21st. Citigroup restated a “neutral” rating on shares of Floor & Decor in a report on Thursday, July 16th. Finally, Truist Financial lifted their target price on Floor & Decor from $65.00 to $70.00 and gave the company a “buy” 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $59.42.

Floor & Decor Stock Performance

Shares of FND stock opened at $50.30 on Monday. The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.08. Floor & Decor Holdings, Inc. has a 52 week low of $42.64 and a 52 week high of $92.40. The stock has a market capitalization of $5.36 billion, a PE ratio of 23.40, a P/E/G ratio of 4.07 and a beta of 1.55. The firm has a 50 day moving average of $56.03 and a two-hundred day moving average of $54.46.

Floor & Decor (NYSE:FND) last posted its quarterly 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 business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Floor & Decor had a net margin of 4.93% and a return on equity of 8.20%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. On average, research analysts predict that Floor & Decor Holdings, Inc. will post 1.99 EPS for the current fiscal year.

About Floor & Decor

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.