Madison Asset Management LLC Has $69.57 Million Holdings in Floor & Decor Holdings, Inc. $FND

Madison Asset Management LLC trimmed its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 2.9% during the first quarter, Holdings Channel.com reports. The fund owned 1,369,459 shares of the company’s stock after selling 41,617 shares during the quarter. Madison Asset Management LLC’s holdings in Floor & Decor were worth $69,569,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of FND. Capital World Investors boosted its holdings in Floor & Decor by 8.1% in the 4th quarter. Capital World Investors now owns 7,472,044 shares of the company’s stock valued at $454,975,000 after purchasing an additional 557,728 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Floor & Decor by 6.5% during the first 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 period. Morgan Stanley raised its position in shares of Floor & Decor by 10.4% in the fourth quarter. Morgan Stanley now owns 5,120,116 shares of the company’s stock valued at $311,764,000 after buying an additional 484,243 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Floor & Decor by 1,060,525.1% in the fourth 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. Finally, State Street Corp boosted its stake in shares of Floor & Decor by 1.1% in the second quarter. State Street Corp now owns 3,811,571 shares of the company’s stock valued at $289,527,000 after buying an additional 42,636 shares during the period.

Analyst Upgrades and Downgrades

FND has been the topic of a number of analyst reports. Citigroup reissued a “neutral” rating on shares of Floor & Decor in a research report on Thursday. Mizuho dropped their price objective on Floor & Decor from $72.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Guggenheim cut their target price on Floor & Decor from $90.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Barclays reduced their target price on Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Finally, TD Cowen decreased their price target on Floor & Decor from $60.00 to $48.00 and set a “hold” rating on the stock in a research report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $59.67.

Floor & Decor Trading Down 5.2%

Shares of Floor & Decor stock opened at $53.84 on Tuesday. The company has a market cap of $5.81 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 4.89 and a beta of 1.58. The company has a 50 day moving average of $52.28 and a 200-day moving average of $57.87. 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 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 firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business earned $0.46 earnings per share. The business’s revenue was down .7% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. Research analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Activity

In other news, EVP Ersan Sayman sold 15,200 shares of Floor & Decor stock in a transaction on Monday, May 4th. The stock was sold at an average price of $48.28, for a total value of $733,856.00. Following the transaction, the executive vice president owned 71,676 shares in the company, valued at approximately $3,460,517.28. This trade represents a 17.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Bryan Langley purchased 2,500 shares of the stock in a transaction dated Monday, May 4th. The shares were acquired at an average cost of $48.69 per share, with a total value of $121,725.00. Following the acquisition, the chief financial officer directly owned 42,016 shares in the company, valued at $2,045,759.04. This represents a 6.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.80% of the company’s stock.

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.