Southernsun Asset Management LLC Increases Stock Position in Floor & Decor Holdings, Inc. $FND

Southernsun Asset Management LLC increased its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 15.7% during the first quarter, HoldingsChannel.com reports. The firm owned 87,374 shares of the company’s stock after buying an additional 11,857 shares during the period. Southernsun Asset Management LLC’s holdings in Floor & Decor were worth $4,439,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Capital World Investors boosted its position in shares of Floor & Decor by 8.1% in the fourth 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 period. Principal Financial Group Inc. lifted its stake in 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 in the last quarter. Morgan Stanley lifted its stake in Floor & Decor by 10.4% in the 4th quarter. Morgan Stanley now owns 5,120,116 shares of the company’s stock worth $311,764,000 after purchasing an additional 484,243 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in 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 worth $236,368,000 after purchasing an additional 3,881,522 shares in the last quarter. Finally, State Street Corp boosted its holdings in Floor & Decor by 1.1% in the 2nd quarter. State Street Corp now owns 3,811,571 shares of the company’s stock valued at $289,527,000 after purchasing an additional 42,636 shares during the period.

Analysts Set New Price Targets

A number of research firms have recently commented on FND. Citigroup restated a “neutral” rating on shares of Floor & Decor in a research report on Thursday, July 16th. Morgan Stanley reissued a “positive” rating and set a $56.00 price objective on shares of Floor & Decor in a research note on Friday, May 1st. Zacks Research upgraded Floor & Decor from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. Barclays decreased their target price on Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Finally, UBS Group lowered their price target on Floor & Decor from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $57.72.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $53.42 on Wednesday. The company’s fifty day moving average price is $52.39 and its 200-day moving average price is $57.82. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 4.63 and a beta of 1.58. Floor & Decor Holdings, Inc. has a one year low of $42.64 and a one year high of $92.40.

Floor & Decor (NYSE:FND) last posted 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 return on equity of 8.38% and a net margin of 4.27%.The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm posted $0.46 earnings per share. The business’s revenue was down .7% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. As a group, equities research analysts expect that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current year.

Insider Activity at Floor & Decor

In other news, EVP Ersan Sayman sold 15,200 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $48.28, for a total value of $733,856.00. Following the completion of the transaction, the executive vice president directly owned 71,676 shares in the company, valued at approximately $3,460,517.28. This represents a 17.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bradley Paulsen acquired 5,000 shares of Floor & Decor stock in a transaction dated Monday, May 4th. The shares were purchased at an average price of $50.25 per share, for a total transaction of $251,250.00. Following the completion of the transaction, the chief executive officer directly owned 85,010 shares in the company, valued at approximately $4,271,752.50. The trade was a 6.25% increase in their position. The SEC filing for this purchase provides additional information. 1.80% of the stock is owned by insiders.

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.