Pinestone Asset Management 13F: Cuts FND Stake by $6.5M

Pinestone Asset Management has significantly reduced its stake in Floor & Decor Holdings, Inc. (NYSE: FND), cutting its position by 83.7% as of its latest SEC filing on May 1, 2026. The fund now holds 21,300 shares, down from 130,800, with the current value of its holdings at approximately $1.14 million.

What Changed in Pinestone Asset Management's Floor & Decor Holdings Position

Pinestone Asset Management made a substantial reduction in its shares of Floor & Decor, decreasing its holdings by 109,500 shares to a total of 21,300 shares. This move represents an 83.7% cut in its stake, reflecting a strategic shift in its investment approach.

Other Institutional Activity in Floor & Decor Holdings

Several other institutional investors have also made changes to their positions in Floor & Decor. FMR LLC increased its holdings by 2,679,062 shares, reaching a total of 10,663,192 shares valued at about $541.69 million. BlackRock, Inc. added 135,404 shares, ending with 10,238,168 shares worth approximately $520.10 million. Principal Financial Group Inc grew its stake by 416,572 shares, bringing its total to 6,837,639 shares valued at $347.35 million. Meanwhile, Capital World Investors reduced its holdings by 1,174,901 shares, now holding 6,297,143 shares worth $319.89 million.

Floor & Decor Holdings, Inc. Stock Up 29.7%

Shares of Floor & Decor Holdings are currently trading at $53.34. The company has a market cap of $5.77 billion and a P/E ratio of 29.0. Over the past 52 weeks, the stock has ranged from a low of $42.64 to a high of $92.41. Its 50-day moving average is $49.70, while the 200-day moving average is $63.24. The company maintains a current ratio of 1.15 and a quick ratio of 0.291, with a debt-to-equity ratio of 81.68.

Recent Earnings

For its most recent quarter, Floor & Decor reported revenue of approximately $4.68 billion, showing a slight decline of 0.7% compared to the previous year. The company's net margin was 4.27%, and it achieved a return on equity of 8.53%. Earnings per share stood at $1.84. The next earnings report is expected on July 30, 2026.

Insider Buying and Selling at Floor & Decor Holdings, Inc.

Recent insider transactions at Floor & Decor include several notable sales and purchases. On May 18, 2026, Bryan Langley, EVP & CFO, bought 1,159 shares at an average price of $9.99 and also sold the same number of shares on the same day. On May 5, 2026, CEO Bradley Paulsen sold 2,461 shares at $48.30. Earlier, on May 4, 2026, EVP of Merchandising Ersan Sayman sold 15,200 shares at $48.28.

Analysts Set New Price Targets

Analysts have recently maintained their ratings on Floor & Decor. On May 8, 2026, Mizuho maintained a hold rating with a price target of $58. UBS, TD Cowen, and Citigroup also maintained their hold ratings with targets of $55, $48, and $52, respectively, on May 1, 2026. Piper Sandler reiterated a buy rating with a $70 target, while Guggenheim and Wells Fargo also maintained buy ratings with targets of $65 and $50, respectively.

About Floor & Decor Holdings, Inc.

Floor & Decor Holdings, Inc. is a specialty retailer based in Atlanta, Georgia, offering a wide range of hard surface flooring and related products. Founded in 2000, the company operates warehouse-format stores and small design studios across the United States, serving professional installers, commercial businesses, and homeowners. Led by CEO Bradley S. Paulsen, Floor & Decor employs over 10,000 people and provides products such as wood-based laminate flooring, ceramic tile, and decorative mosaics.

Bottom Line

Pinestone Asset Management's decision to significantly reduce its stake in Floor & Decor Holdings is a noteworthy move in the investment landscape. Investors keep a close eye on these filings to gauge institutional sentiment and market trends. It's important to remember that Form 13F filings are retrospective and may not reflect the current holdings or strategy of the fund.