Southernsun Asset Management LLC Has $4.44 Million Stake in Floor & Decor Holdings, Inc. $FND

Southernsun Asset Management LLC grew its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 15.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 87,374 shares of the company’s stock after purchasing an additional 11,857 shares during the period. Southernsun Asset Management LLC owned about 0.08% of Floor & Decor worth $4,439,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of Floor & Decor during the third quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. raised its position in Floor & Decor by 207.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock valued at $27,000 after buying an additional 247 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Floor & Decor in the 1st quarter valued at $31,000. Clearstead Advisors LLC lifted its stake in Floor & Decor by 215.7% during the 4th quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after acquiring an additional 384 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Floor & Decor during the 4th quarter valued at $34,000.

Floor & Decor Trading Down 0.8%

FND stock opened at $53.42 on Wednesday. The stock’s fifty day simple moving average is $52.39 and its two-hundred day simple moving average is $57.82. Floor & Decor Holdings, Inc. has a 1-year low of $42.64 and a 1-year high of $92.40. The stock has a market cap of $5.76 billion, a P/E ratio of 29.03, a P/E/G ratio of 4.63 and a beta of 1.58.

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 business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company earned $0.46 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. As a group, analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Bryan Langley purchased 2,500 shares of Floor & Decor stock in a transaction that occurred on Monday, May 4th. The stock was bought at an average price of $48.69 per share, for a total transaction of $121,725.00. Following the completion of the transaction, the chief financial officer owned 42,016 shares in the company, valued at $2,045,759.04. This represents a 6.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Bradley Paulsen acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were bought at an average price of $50.25 per share, with a total value of $251,250.00. Following the acquisition, the chief executive officer directly owned 85,010 shares of the company’s stock, valued at $4,271,752.50. The trade was a 6.25% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

FND has been the topic of a number of analyst reports. Morgan Stanley reaffirmed a “positive” rating and set a $56.00 price objective on shares of Floor & Decor in a report on Friday, May 1st. Zelman & Associates dropped their price target on shares of Floor & Decor from $80.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Evercore set a $60.00 price target on shares of Floor & Decor in a research report on Tuesday, July 7th. Stifel Nicolaus set a $75.00 price target on shares of Floor & Decor in a report on Friday, May 1st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Floor & Decor in a research report on Thursday, July 16th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $57.72.

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.