Bank of New York Mellon Corp Trims Stock Holdings in Floor & Decor Holdings, Inc. $FND

Bank of New York Mellon Corp lessened its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 615,878 shares of the company’s stock after selling 9,430 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.57% of Floor & Decor worth $31,287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of FND. Advisory Services Network LLC acquired a new position in Floor & Decor during the third quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. grew 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 valued at $27,000 after acquiring an additional 247 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Floor & Decor during the fourth quarter valued at about $34,000. Clearstead Advisors LLC increased its stake in Floor & Decor by 215.7% during the fourth quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock worth $34,000 after acquiring an additional 384 shares during the last quarter. Finally, State of Wyoming acquired a new stake in Floor & Decor during the second quarter worth about $46,000.

Floor & Decor Stock Performance

FND stock opened at $53.78 on Monday. The firm has a market cap of $5.80 billion, a P/E ratio of 29.23, a price-to-earnings-growth ratio of 4.59 and a beta of 1.58. Floor & Decor Holdings, Inc. has a 1 year low of $42.64 and a 1 year high of $92.40. The stock has a 50-day simple moving average of $52.92 and a 200-day simple moving average of $57.63.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.37 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 analyst estimates of $1.19 billion. During the same period last year, the firm posted $0.46 earnings per share. The business’s revenue 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 predict that Floor & Decor Holdings, Inc. will post 1.94 EPS for the current year.

Insider Activity at Floor & Decor

In other news, CFO Bryan Langley purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were purchased at an average price of $48.69 per share, with a total value 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 represents a 6.33% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ersan Sayman sold 15,200 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $48.28, for a total transaction of $733,856.00. Following the completion of the transaction, the executive vice president owned 71,676 shares in the company, valued at $3,460,517.28. This represents a 17.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

FND has been the topic of several research analyst reports. Zelman & Associates reduced their price objective on Floor & Decor from $80.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Stifel Nicolaus set a $75.00 target price on shares of Floor & Decor in a research report on Friday, May 1st. Evercore set a $60.00 target price on shares of Floor & Decor in a research report on Tuesday, July 7th. UBS Group cut their price target on shares of Floor & Decor from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Finally, Wolfe Research reaffirmed an “underperform” rating and set a $41.00 price target on shares of Floor & Decor in a research report on Tuesday, July 21st. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $57.72.

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.