PineStone Asset Management 13F: Exits Floor & Decor (FND) Stake

PineStone Asset Management sold all of its shares in Floor & Decor Holdings, Inc. (NYSE: FND) in a filing on October 16, 2026. This move reflects a complete exit from the position, with the fund reducing its holdings by 14,300 shares, now holding zero shares after the sale.

What Changed in PineStone's Floor & Decor Position

PineStone had reduced its stake earlier, cutting its holdings by 83.7% to 21,300 shares in May 2026. The recent filing indicates they have sold the rest of their shares. The latest trading price for Floor & Decor is $45.30, reflecting the company's current market challenges.

Other Institutional Activity in Floor & Decor

Several other institutional investors have changed their positions in Floor & Decor. FMR, LLC grew its holdings by 4,098,891 shares, totaling 14,761,978 shares worth about $668 million. Blackrock Inc. slightly increased its stake by 114,665 shares, ending with 10,352,584 shares valued at roughly $468 million. In contrast, Principal Financial Group, Inc. reduced its position by 87,523 shares, now holding 6,750,182 shares worth approximately $305 million.

Floor & Decor Holdings, Inc. Stock Down 1.0%

Floor & Decor's shares recently traded below their 50-day moving average of $50.34 and are down about 18.8% from their 200-day average. They are currently about 41.5% lower than their 52-week high of $77.46, though they remain above their low of $42.64.

Recent Earnings

The company reported $4.71 billion in trailing twelve-month revenue, up 3.0% year-over-year. Its earnings per share (EPS) for the same period stood at $2.14. Floor & Decor's next earnings report is set for October 29, 2026, which could provide additional insights into its performance.

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

In recent transactions, several insiders sold shares. Officer Ersan Sayman sold 15,200 shares at an average price of $48.28 on May 4, 2026. CEO Bradley Paulsen bought 5,000 shares at an average price of $50.25 on the same day. CFO Bryan Langley also purchased 2,500 shares at $48.69. Meanwhile, Officer and Director Thomas V Taylor Jr. sold 218,189 shares at $62.30 on August 7, 2026.

Analysts Set New Price Targets

On October 13, 2026, Citigroup maintained a Neutral rating on Floor & Decor with a price target of $49.00, down from a prior target of $59.00. Evercore ISI Group also kept an In-Line rating, now targeting $50.00, down from $55.00. Overall, the consensus recommendation for the stock is to hold, with a mean price target of $58.14 as of the latest data.

About Floor & Decor

Floor & Decor Holdings, Inc. is a leading specialty retailer in the hard surface flooring market. It operates stores across the United States, providing a wide range of flooring options and accessories. The recent changes in positions among institutional investors indicate shifting confidence in the company's performance.

Bottom Line

Investors will want to monitor the upcoming earnings report on October 29, 2026, for further insights into Floor & Decor's operational status. The recent filing reflects positions as of the reporting period, and may not represent the current holdings of PineStone Asset Management.