CIBC Bancorp USA Inc. Acquires New Stake in Floor & Decor Holdings, Inc. $FND

CIBC Bancorp USA Inc. bought a new position in Floor & Decor Holdings, Inc. (NYSE:FND) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 187,387 shares of the company’s stock, valued at approximately $13,810,000. CIBC Bancorp USA Inc. owned about 0.17% of Floor & Decor as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FND. Capital World Investors increased its position in shares of Floor & Decor by 37.2% in the third quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock worth $509,589,000 after purchasing an additional 1,872,892 shares during the last quarter. Principal Financial Group Inc. lifted its position in 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 purchasing an additional 2,015,999 shares during the last quarter. State Street Corp lifted its position in Floor & Decor by 1.1% during the second quarter. State Street Corp now owns 3,811,571 shares of the company’s stock valued at $289,527,000 after purchasing an additional 42,636 shares during the last quarter. Wasatch Advisors LP grew its stake in Floor & Decor by 19.2% in the 2nd quarter. Wasatch Advisors LP now owns 2,717,183 shares of the company’s stock worth $206,397,000 after buying an additional 437,396 shares in the last quarter. Finally, Timucuan Asset Management Inc. FL grew its stake in Floor & Decor by 9.0% in the 2nd quarter. Timucuan Asset Management Inc. FL now owns 2,580,609 shares of the company’s stock worth $196,023,000 after buying an additional 214,151 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group lowered their price objective on shares of Floor & Decor from $74.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. JPMorgan Chase & Co. cut their target price on shares of Floor & Decor from $85.00 to $78.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. The Goldman Sachs Group reissued a “neutral” rating and issued a $64.00 target price on shares of Floor & Decor in a research note on Friday, February 20th. TD Cowen lowered their price target on Floor & Decor from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Floor & Decor in a research note on Wednesday, January 28th. 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $78.24.

Floor & Decor Trading Down 1.7%

FND stock opened at $53.25 on Friday. The company has a market capitalization of $5.74 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 1.84 and a beta of 1.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.33. Floor & Decor Holdings, Inc. has a one year low of $51.53 and a one year high of $92.40. The company’s 50 day moving average price is $67.61 and its two-hundred day moving average price is $68.57.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data 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. Floor & Decor had a net margin of 4.45% and a return on equity of 8.99%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the company earned $0.44 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. As a group, analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal 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.