Floor & Decor Holdings, Inc. $FND Shares Bought by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC raised its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 4.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 248,367 shares of the company’s stock after acquiring an additional 10,439 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 0.23% of Floor & Decor worth $18,305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors increased its stake 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 worth $509,589,000 after acquiring an additional 1,872,892 shares during the period. Principal Financial Group Inc. lifted its position in Floor & Decor by 46.0% in 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 period. State Street Corp boosted its holdings in Floor & Decor by 1.1% in the 2nd 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 in the last quarter. Wasatch Advisors LP boosted its holdings in Floor & Decor by 19.2% in the 2nd quarter. Wasatch Advisors LP now owns 2,717,183 shares of the company’s stock valued at $206,397,000 after purchasing an additional 437,396 shares in the last quarter. Finally, Timucuan Asset Management Inc. FL increased its position in Floor & Decor by 9.0% during the 2nd quarter. Timucuan Asset Management Inc. FL now owns 2,580,609 shares of the company’s stock worth $196,023,000 after purchasing an additional 214,151 shares during the period.

Floor & Decor Trading Up 2.3%

Shares of Floor & Decor stock opened at $57.01 on Friday. The company has a 50-day moving average of $68.41 and a two-hundred day moving average of $69.23. Floor & Decor Holdings, Inc. has a 12-month low of $55.11 and a 12-month high of $92.40. The company has a current ratio of 1.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. The stock has a market cap of $6.15 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.94 and a beta of 1.72.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Floor & Decor had a return on equity of 8.99% and a net margin of 4.45%.The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 EPS. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. On average, research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Zacks Research raised Floor & Decor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Telsey Advisory Group restated an “outperform” rating and issued a $80.00 price target on shares of Floor & Decor in a research note on Friday, February 20th. TD Cowen dropped their price objective on Floor & Decor from $80.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, February 20th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $64.00 price objective on shares of Floor & Decor in a research report on Friday, February 20th. Finally, Piper Sandler reissued an “overweight” rating and issued a $80.00 target price on shares of Floor & Decor in a report on Friday, February 20th. Six investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $78.24.

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.