Capital International Investors Sells 276,939 Shares of Floor & Decor Holdings, Inc. $FND

Capital International Investors decreased its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 20.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,054,949 shares of the company’s stock after selling 276,939 shares during the period. Capital International Investors’ holdings in Floor & Decor were worth $64,236,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC bought a new position in shares of Floor & Decor in the 3rd quarter worth $26,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 buying an additional 247 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of Floor & Decor by 215.7% in the 4th quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock worth $34,000 after buying an additional 384 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Floor & Decor in the 4th quarter worth $34,000. Finally, eCIO Inc. bought a new position in shares of Floor & Decor in the 4th quarter worth $41,000.

Insider Activity

In other news, EVP Ersan Sayman sold 15,200 shares of the company’s 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 owned 71,676 shares of the company’s stock, valued at approximately $3,460,517.28. This represents a 17.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bryan Langley purchased 2,500 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were purchased at an average price of $48.69 per share, with a total value of $121,725.00. Following the completion of the acquisition, the chief financial officer directly owned 42,016 shares in the company, valued at $2,045,759.04. The trade was 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 owned by corporate insiders.

Floor & Decor Stock Performance

Shares of Floor & Decor stock opened at $45.94 on Tuesday. 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 $4.96 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 4.08 and a beta of 1.62. The company has a fifty day moving average of $49.50 and a 200-day moving average of $59.39.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). Floor & Decor had a net margin of 4.27% and a return on equity of 8.38%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the company posted $0.46 EPS. Floor & Decor’s revenue for the quarter was down .7% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. On average, equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FND shares. Evercore set a $51.00 price target on shares of Floor & Decor in a report on Friday, May 1st. JPMorgan Chase & Co. decreased their price target on shares of Floor & Decor from $78.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Weiss Ratings lowered shares of Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Piper Sandler reissued an “overweight” rating on shares of Floor & Decor in a report on Tuesday, May 26th. Finally, UBS Group cut their price objective on shares of Floor & Decor from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $59.17.

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.