Alamar Capital Management LLC Cuts Position in Floor & Decor Holdings, Inc. $FND

Alamar Capital Management LLC trimmed its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 50.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,285 shares of the company’s stock after selling 14,450 shares during the period. Alamar Capital Management LLC’s holdings in Floor & Decor were worth $1,053,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in FND. MainStreet Investment Advisors LLC grew its stake in Floor & Decor by 4.7% in the second quarter. MainStreet Investment Advisors LLC now owns 3,567 shares of the company’s stock valued at $271,000 after purchasing an additional 160 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of Floor & Decor by 27.2% in the 3rd quarter. AlphaQuest LLC now owns 805 shares of the company’s stock valued at $59,000 after buying an additional 172 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Floor & Decor by 19.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,141 shares of the company’s stock valued at $84,000 after buying an additional 182 shares in the last quarter. Bank of Jackson Hole Trust grew its position in shares of Floor & Decor by 37.7% in the 3rd quarter. Bank of Jackson Hole Trust now owns 679 shares of the company’s stock worth $50,000 after buying an additional 186 shares during the last quarter. Finally, Saturna Capital Corp grew its position in shares of Floor & Decor by 2.7% in the 2nd quarter. Saturna Capital Corp now owns 7,150 shares of the company’s stock worth $543,000 after buying an additional 190 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FND shares. TD Cowen decreased their target price on shares of Floor & Decor from $80.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Floor & Decor in a report on Wednesday, January 28th. Evercore reduced their price target on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating on the stock in a research report on Tuesday, November 11th. Telsey Advisory Group reissued an “outperform” rating and issued a $80.00 price objective on shares of Floor & Decor in a research report on Friday, February 20th. Finally, Mizuho dropped their target price on Floor & Decor from $76.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Six equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Floor & Decor has a consensus rating of “Hold” and a consensus target price of $78.24.

Floor & Decor Stock Down 4.1%

FND stock opened at $60.09 on Monday. The stock has a market capitalization of $6.48 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72. Floor & Decor Holdings, Inc. has a 52 week low of $55.11 and a 52 week high of $95.83. The company has a quick ratio of 0.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of $68.76 and a 200 day moving average of $70.03.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 8.99%. Floor & Decor’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 EPS. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. Sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 2 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.