Madison Asset Management LLC Invests $78.94 Million in Floor & Decor Holdings, Inc. $FND

Madison Asset Management LLC purchased a new position in Floor & Decor Holdings, Inc. (NYSE:FND) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,329,870 shares of the company’s stock, valued at approximately $78,941,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors boosted its stake in Floor & Decor by 8.1% during the 4th quarter. Capital World Investors now owns 7,472,044 shares of the company’s stock valued at $454,975,000 after acquiring an additional 557,728 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Floor & Decor by 6.5% in the 1st quarter. Principal Financial Group Inc. now owns 6,837,639 shares of the company’s stock worth $347,354,000 after purchasing an additional 416,572 shares during the last quarter. Morgan Stanley raised its stake in shares of Floor & Decor by 10.4% in the 4th quarter. Morgan Stanley now owns 5,120,116 shares of the company’s stock valued at $311,764,000 after purchasing an additional 484,243 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Floor & Decor by 1,060,525.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,881,888 shares of the company’s stock valued at $236,368,000 after purchasing an additional 3,881,522 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Floor & Decor by 1.1% during the second quarter. State Street Corp now owns 3,811,571 shares of the company’s stock worth $289,527,000 after purchasing an additional 42,636 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently commented on FND. Piper Sandler lifted their price target on Floor & Decor from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Telsey Advisory Group upped their price objective on Floor & Decor from $61.00 to $68.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. TD Cowen reaffirmed a “hold” rating on shares of Floor & Decor in a report on Monday, August 3rd. Wall Street Zen raised Floor & Decor from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Morgan Stanley lifted their target price on Floor & Decor from $56.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $59.42.

Floor & Decor Price Performance

Shares of FND opened at $57.38 on Thursday. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 4.54 and a beta of 1.57. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.33. Floor & Decor Holdings, Inc. has a one year low of $42.64 and a one year high of $92.40. The stock’s fifty day moving average is $56.46 and its 200-day moving average is $55.85.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.58 earnings per share 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 prior year, the company posted $0.58 earnings per share. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. Equities analysts anticipate that Floor & Decor Holdings, Inc. will post 1.99 EPS for the current year.

Insider Activity at Floor & Decor

In other news, insider Thomas V. Taylor sold 218,189 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $62.30, for a total value of $13,593,174.70. Following the completion of the sale, the insider directly owned 229,820 shares of the company’s stock, valued at approximately $14,317,786. This represents a 48.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

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.