Legal & General Group Plc Sells 14,013 Shares of Floor & Decor Holdings, Inc. $FND

Legal & General Group Plc lowered its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,196 shares of the company’s stock after selling 14,013 shares during the period. Legal & General Group Plc owned 0.15% of Floor & Decor worth $9,633,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Hantz Financial Services Inc. boosted its holdings in Floor & Decor by 166.2% in the fourth quarter. Hantz Financial Services Inc. now owns 5,516 shares of the company’s stock valued at $336,000 after acquiring an additional 3,444 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Floor & Decor by 35.5% during the 4th quarter. Global Retirement Partners LLC now owns 722 shares of the company’s stock valued at $44,000 after buying an additional 189 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Floor & Decor by 16.3% during the 4th quarter. Handelsbanken Fonder AB now owns 32,800 shares of the company’s stock valued at $1,997,000 after buying an additional 4,600 shares in the last quarter. North Dakota State Investment Board bought a new stake in shares of Floor & Decor during the 4th quarter valued at $229,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Floor & Decor by 1,060,525.1% during 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 buying an additional 3,881,522 shares in the last quarter.

Floor & Decor Price Performance

FND opened at $48.90 on Friday. The stock has a 50-day moving average price of $49.74 and a 200-day moving average price of $59.54. The firm has a market cap of $5.27 billion, a PE ratio of 26.58, a P/E/G ratio of 4.26 and a beta of 1.62. Floor & Decor Holdings, Inc. has a 1 year low of $42.64 and a 1 year high of $92.40.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.Floor & Decor’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. As a group, sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FND shares. Robert W. Baird set a $63.00 target price on shares of Floor & Decor in a report on Friday, May 1st. Guggenheim dropped their target price on shares of Floor & Decor from $90.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Evercore set a $51.00 target price on shares of Floor & Decor in a report on Friday, May 1st. Weiss Ratings cut shares of Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Finally, Zacks Research cut shares of Floor & Decor from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $59.17.

Insider Transactions at Floor & Decor

In related news, CFO Bryan Langley purchased 2,500 shares of the stock in a transaction dated Monday, May 4th. The stock was purchased at an average price of $48.69 per share, with a total value of $121,725.00. Following the transaction, the chief financial officer directly owned 42,016 shares in the company, valued at $2,045,759.04. This trade represents a 6.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bradley Paulsen purchased 5,000 shares of the stock in a transaction dated Monday, May 4th. The stock was bought at an average cost of $50.25 per share, with a total value of $251,250.00. Following the transaction, the chief executive officer owned 85,010 shares in the company, valued at $4,271,752.50. The trade was a 6.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.80% of the stock is owned by insiders.

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.