Boothbay Fund Management LLC Invests $7.69 Million in Floor & Decor Holdings, Inc. $FND

Boothbay Fund Management LLC purchased a new position in Floor & Decor Holdings, Inc. (NYSE:FND) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 104,360 shares of the company’s stock, valued at approximately $7,691,000. Boothbay Fund Management LLC owned approximately 0.10% of Floor & Decor at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FND. Principal Financial Group Inc. grew its holdings in shares of Floor & Decor by 46.0% during the third quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company’s stock valued at $471,567,000 after buying an additional 2,015,999 shares during the last quarter. Capital World Investors boosted its position in shares of Floor & Decor by 37.2% during the third quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock valued at $509,589,000 after buying an additional 1,872,892 shares during the last quarter. Durable Capital Partners LP purchased a new stake in shares of Floor & Decor during the second quarter valued at $106,221,000. Artisan Partners Limited Partnership bought a new stake in Floor & Decor in the 2nd quarter worth about $64,450,000. Finally, Raymond James Financial Inc. increased its holdings in Floor & Decor by 76.9% in the 2nd quarter. Raymond James Financial Inc. now owns 1,160,407 shares of the company’s stock worth $88,145,000 after buying an additional 504,465 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Floor & Decor in a research note on Wednesday, January 28th. TD Cowen reduced their price target on shares of Floor & Decor from $80.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Piper Sandler reissued an “overweight” rating and set a $80.00 price objective on shares of Floor & Decor in a report on Friday, February 20th. Telsey Advisory Group restated an “outperform” rating and set a $80.00 price objective on shares of Floor & Decor in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Floor & Decor from $85.00 to $78.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Six research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $78.24.

Floor & Decor Trading Up 2.3%

NYSE:FND opened at $57.01 on Monday. Floor & Decor Holdings, Inc. has a one year low of $55.11 and a one year high of $92.40. The business has a fifty day moving average price of $68.41 and a 200-day moving average price of $69.14. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 1.94 and a beta of 1.72. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 0.34.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, February 19th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. Floor & Decor had a return on equity of 8.99% and a net margin of 4.45%.The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the business earned $0.44 earnings per share. Floor & Decor’s quarterly revenue was up 2.0% compared to the same quarter last year. 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 EPS for the current year.

Floor & Decor Company 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.