Balefire LLC Purchases Shares of 9,766 Floor & Decor Holdings, Inc. $FND

Balefire LLC bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,766 shares of the company’s stock, valued at approximately $496,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in shares of Floor & Decor in the third quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. boosted its position in Floor & Decor by 207.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock worth $27,000 after purchasing an additional 247 shares during the period. Summit Securities Group LLC acquired a new position in shares of Floor & Decor in the first quarter valued at $31,000. Clearstead Advisors LLC increased its holdings in shares of Floor & Decor by 215.7% in the fourth quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after purchasing an additional 384 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Floor & Decor in the fourth quarter valued at about $34,000.

Floor & Decor Stock Performance

Shares of NYSE FND opened at $53.84 on Tuesday. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 4.89 and a beta of 1.58. Floor & Decor Holdings, Inc. has a fifty-two week low of $42.64 and a fifty-two week high of $92.40. The firm’s 50-day simple moving average is $52.28 and its 200 day simple moving average is $57.87.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company posted $0.46 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. On average, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current year.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FND shares. JPMorgan Chase & Co. reduced their price objective on Floor & Decor from $78.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Morgan Stanley reiterated a “positive” rating and set a $56.00 price objective on shares of Floor & Decor in a research report on Friday, May 1st. UBS Group dropped their price target on shares of Floor & Decor from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Mizuho lowered their target price on shares of Floor & Decor from $72.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Finally, Robert W. Baird set a $63.00 price target on Floor & Decor in a research note on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $59.67.

About Floor & Decor

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.