California State Teachers Retirement System Buys 23,469 Shares of Floor & Decor Holdings, Inc. $FND

California State Teachers Retirement System lifted its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 23.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 124,226 shares of the company’s stock after buying an additional 23,469 shares during the quarter. California State Teachers Retirement System’s holdings in Floor & Decor were worth $6,311,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several analysts have commented on FND shares. Telsey Advisory Group increased their target price on Floor & Decor from $61.00 to $68.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Morgan Stanley boosted their price target on Floor & Decor from $56.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Zelman & Associates lowered their price target on Floor & Decor from $80.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Weiss Ratings cut Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, Wells Fargo & Company lifted their price objective on Floor & Decor from $50.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $59.42.

Floor & Decor Stock Up 3.4%

FND stock opened at $62.78 on Thursday. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 29.20, a P/E/G ratio of 4.94 and a beta of 1.57. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.33. The business’s 50-day moving average is $54.58 and its two-hundred day moving average is $56.85. 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 released its quarterly earnings results on Thursday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Floor & Decor had a return on equity of 8.20% and a net margin of 4.93%.The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the company posted $0.58 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. As a group, analysts forecast that Floor & Decor Holdings, Inc. will post 1.98 earnings per share for the current year.

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.