Delta Global Management LP Purchases Shares of 18,303 Floor & Decor Holdings, Inc. $FND

Delta Global Management LP acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 18,303 shares of the company’s stock, valued at approximately $930,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FND. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Floor & Decor by 9.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company’s stock worth $27,346,000 after purchasing an additional 30,195 shares in the last quarter. Invesco Ltd. grew its stake in shares of Floor & Decor by 290.8% in the 2nd quarter. Invesco Ltd. now owns 597,083 shares of the company’s stock valued at $45,354,000 after purchasing an additional 444,290 shares during the period. California Public Employees Retirement System grew its stake in shares of Floor & Decor by 12.7% in the 2nd quarter. California Public Employees Retirement System now owns 140,132 shares of the company’s stock valued at $10,644,000 after purchasing an additional 15,821 shares during the period. State Street Corp raised its holdings in shares of Floor & Decor by 1.1% in the 2nd quarter. State Street Corp now owns 3,811,571 shares of the company’s stock worth $289,527,000 after buying an additional 42,636 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Floor & Decor by 33.9% during the 2nd quarter. Sei Investments Co. now owns 343,573 shares of the company’s stock worth $26,098,000 after buying an additional 87,013 shares during the period.

Insider Buying and Selling at Floor & Decor

In other news, CEO Bradley Paulsen purchased 5,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was bought at an average price of $50.25 per share, with a total value of $251,250.00. Following the acquisition, the chief executive officer directly owned 85,010 shares of the company’s stock, valued at approximately $4,271,752.50. This represents a 6.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ersan Sayman sold 15,200 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $48.28, for a total transaction of $733,856.00. Following the completion of the sale, the executive vice president owned 71,676 shares of the company’s stock, valued at approximately $3,460,517.28. This represents a 17.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on FND. Wolfe Research reiterated an “underperform” rating and issued a $41.00 price target on shares of Floor & Decor in a research report on Tuesday, July 21st. Mizuho lowered their target price on shares of Floor & Decor from $72.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Guggenheim cut their price target on shares of Floor & Decor from $90.00 to $65.00 and set a “buy” rating for the company in a report on Friday, May 1st. Telsey Advisory Group reduced their price target on shares of Floor & Decor from $80.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Finally, Zelman & Associates reduced their price target on shares of Floor & Decor from $80.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given 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 $57.72.

Floor & Decor Trading Up 0.1%

Shares of FND stock opened at $53.78 on Monday. The firm’s 50 day moving average is $52.92 and its 200-day moving average is $57.63. Floor & Decor Holdings, Inc. has a 1 year low of $42.64 and a 1 year high of $92.40. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 4.59 and a beta of 1.58.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). Floor & Decor had a net margin of 4.27% and a return on equity of 8.38%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. On average, equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.94 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.