Riverbridge Partners LLC Sells 41,083 Shares of Floor & Decor Holdings, Inc. $FND

Riverbridge Partners LLC cut its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 5.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 655,411 shares of the company’s stock after selling 41,083 shares during the quarter. Riverbridge Partners LLC’s holdings in Floor & Decor were worth $33,295,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in FND. Advisory Services Network LLC purchased a new stake in Floor & Decor in the third quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. grew its position in Floor & Decor by 207.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock worth $27,000 after purchasing an additional 247 shares during the period. Clearstead Advisors LLC raised its stake in Floor & Decor by 215.7% during the 4th 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 last quarter. Los Angeles Capital Management LLC purchased a new stake in Floor & Decor during the 4th quarter valued at $34,000. Finally, eCIO Inc. bought a new position in shares of Floor & Decor during the 4th quarter valued at $41,000.

Floor & Decor Stock Performance

NYSE FND opened at $51.58 on Wednesday. The business’s fifty day moving average is $49.97 and its 200 day moving average is $58.56. Floor & Decor Holdings, Inc. has a fifty-two week low of $42.64 and a fifty-two week high of $92.40. The company has a market capitalization of $5.56 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 4.37 and a beta of 1.62.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the company earned $0.46 EPS. The business’s quarterly revenue 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, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FND shares. Mizuho cut their price objective on Floor & Decor from $72.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Weiss Ratings downgraded Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Evercore set a $51.00 target price on Floor & Decor in a research report on Friday, May 1st. Wells Fargo & Company cut their price target on Floor & Decor from $70.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, May 1st. Finally, Robert W. Baird set a $63.00 price target on shares of Floor & Decor in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Floor & Decor has an average rating of “Hold” and a consensus target price of $59.17.

Insider Buying and Selling

In other news, EVP Ersan Sayman sold 15,200 shares of the stock in a transaction on Monday, May 4th. The shares were 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 directly owned 71,676 shares of the company’s stock, valued at $3,460,517.28. This represents a 17.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bryan Langley acquired 2,500 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were purchased at an average price of $48.69 per share, for a total transaction of $121,725.00. Following the completion of the transaction, the chief financial officer directly owned 42,016 shares in the company, valued at approximately $2,045,759.04. This trade represents a 6.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.80% of the stock is currently owned by insiders.

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.