Modera Wealth Management LLC Buys New Holdings in Floor & Decor Holdings, Inc. $FND

Modera Wealth Management LLC purchased a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 13,813 shares of the company’s stock, valued at approximately $702,000.

A number of other institutional investors have also recently bought and sold shares of FND. Cibc World Market Inc. lifted its position in shares of Floor & Decor by 1.6% in the fourth quarter. Cibc World Market Inc. now owns 9,253 shares of the company’s stock valued at $563,000 after buying an additional 146 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Floor & Decor by 50.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock worth $34,000 after acquiring an additional 186 shares during the last quarter. Capital Analysts LLC increased its holdings in shares of Floor & Decor by 32.2% during the 4th quarter. Capital Analysts LLC now owns 767 shares of the company’s stock worth $47,000 after acquiring an additional 187 shares during the last quarter. Global Retirement Partners LLC raised its stake in Floor & Decor by 35.5% in the 4th quarter. Global Retirement Partners LLC now owns 722 shares of the company’s stock valued at $44,000 after acquiring an additional 189 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its stake in Floor & Decor by 0.3% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 78,410 shares of the company’s stock valued at $5,895,000 after acquiring an additional 221 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have commented on FND shares. JPMorgan Chase & Co. reduced their price objective on shares of Floor & Decor from $78.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Zacks Research upgraded shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a research note on Friday, July 3rd. Robert W. Baird set a $63.00 target price on shares of Floor & Decor in a research note on Friday, May 1st. Zelman & Associates reduced their target price on shares of Floor & Decor from $80.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Finally, Mizuho decreased their price target on shares of Floor & Decor from $72.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $59.67.

Insiders Place Their Bets

In other Floor & Decor news, CEO Bradley Paulsen bought 5,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer directly owned 85,010 shares in the company, valued at approximately $4,271,752.50. This trade represents a 6.25% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ersan Sayman sold 15,200 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $48.28, for a total transaction of $733,856.00. Following the transaction, the executive vice president directly owned 71,676 shares in the company, valued at $3,460,517.28. This represents a 17.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.80% of the company’s stock.

Floor & Decor Price Performance

FND stock opened at $53.84 on Tuesday. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 4.89 and a beta of 1.58. The business’s fifty day moving average price is $52.28 and its two-hundred day moving average price is $57.87. Floor & Decor Holdings, Inc. has a fifty-two week low of $42.64 and a fifty-two week high of $92.40.

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

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.