Congress Asset Management Co. Acquires Shares of 368,782 Floor & Decor Holdings, Inc. $FND

Congress Asset Management Co. bought a new position in Floor & Decor Holdings, Inc. (NYSE:FND) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 368,782 shares of the company’s stock, valued at approximately $22,455,000. Congress Asset Management Co. owned approximately 0.34% of Floor & Decor as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. AlphaQuest LLC increased its stake in shares of Floor & Decor by 27.2% in the third quarter. AlphaQuest LLC now owns 805 shares of the company’s stock worth $59,000 after acquiring an additional 172 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Floor & Decor by 19.0% during the third quarter. Fifth Third Bancorp now owns 1,141 shares of the company’s stock worth $84,000 after acquiring an additional 182 shares in the last quarter. Bank of Jackson Hole Trust boosted its position in Floor & Decor by 37.7% during the third quarter. Bank of Jackson Hole Trust now owns 679 shares of the company’s stock valued at $50,000 after purchasing an additional 186 shares during the last quarter. Amalgamated Bank boosted its position in Floor & Decor by 0.4% during the third quarter. Amalgamated Bank now owns 50,069 shares of the company’s stock valued at $3,690,000 after purchasing an additional 217 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in Floor & Decor by 0.3% in the third quarter. CANADA LIFE ASSURANCE Co now owns 78,410 shares of the company’s stock valued at $5,895,000 after purchasing an additional 221 shares in the last quarter.

Floor & Decor Price Performance

NYSE FND opened at $51.36 on Wednesday. Floor & Decor Holdings, Inc. has a fifty-two week low of $49.89 and a fifty-two week high of $92.40. The stock’s 50-day moving average is $66.19 and its two-hundred day moving average is $67.73. The firm has a market cap of $5.54 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 1.78 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 quarterly earnings results on Thursday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Floor & Decor had a return on equity of 8.99% and a net margin of 4.45%.The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 EPS. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. On average, analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FND. Zacks Research raised Floor & Decor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Barclays lifted their price target on Floor & Decor from $70.00 to $77.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Morgan Stanley lowered their price target on Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Telsey Advisory Group restated an “outperform” rating and issued a $80.00 price objective on shares of Floor & Decor in a report on Friday, February 20th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Floor & Decor in a research report on Friday, February 20th. Six equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $78.24.

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.