PineStone Asset Management Inc. Raises Stock Position in Floor & Decor Holdings, Inc. $FND

PineStone Asset Management Inc. grew its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 16.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,800 shares of the company’s stock after acquiring an additional 18,500 shares during the period. PineStone Asset Management Inc. owned about 0.12% of Floor & Decor worth $7,964,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FND. Advisory Services Network LLC purchased a new position in Floor & Decor in the 3rd quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. boosted its position in Floor & Decor by 207.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock worth $27,000 after purchasing an additional 247 shares in the last quarter. State of Wyoming purchased a new stake in Floor & Decor during the second quarter worth $46,000. Steph & Co. acquired a new stake in Floor & Decor in the third quarter valued at $48,000. Finally, Mather Group LLC. acquired a new stake in Floor & Decor in the third quarter valued at $49,000.

Floor & Decor Stock Up 2.7%

Shares of NYSE:FND opened at $50.68 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $5.47 billion, a P/E ratio of 26.40, a P/E/G ratio of 1.68 and a beta of 1.72. Floor & Decor Holdings, Inc. has a 52-week low of $49.23 and a 52-week high of $92.40. The stock’s fifty day simple moving average is $63.80 and its 200-day simple moving average is $66.44.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Floor & Decor had a return on equity of 8.99% and a net margin of 4.45%.The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the business posted $0.44 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. As a group, equities research analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on FND. Piper Sandler reaffirmed an “overweight” rating and set a $80.00 price target on shares of Floor & Decor in a research note on Friday, February 20th. Morgan Stanley lowered their price objective on shares of Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. JPMorgan Chase & Co. dropped their target price on shares of Floor & Decor from $85.00 to $78.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Barclays lifted their target price on shares of Floor & Decor from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $64.00 price target on shares of Floor & Decor in a report on Friday, February 20th. Six analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and an average target price of $77.35.

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.