Ruffer LLP Builds $47.23M Stake in Floor & Decor (FND) as Tile Retailer Faces Analyst Downgrades
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UK asset manager Ruffer LLP has acquired 774,470 shares of Floor & Decor Holdings, making the tile and hard-surface flooring retailer its 12th largest position — even as Wall Street analysts trim price targets.
UK-based asset manager Ruffer LLP has disclosed a brand-new $47.23 million position in Floor & Decor Holdings, Inc. (NYSE: FND), according to its most recent SEC filing. The fund acquired 774,470 shares during the fourth quarter, equivalent to roughly 0.72% of the company. The stake represents 2.2% of Ruffer's total portfolio , making FND its 12th largest holding. Other institutional moves Several other institutions adjusted exposure to the tile and hard-surface flooring retailer: Advisory Services Network LLC opened a new position in Q3. Northwestern Mutual Wealth Management increased its holdings by 207.6% . eCIO Inc., the State of Wyoming and Mather Group LLC each opened new positions. Analysts trim price targets Wall Street has turned more cautious on FND: Citigroup : cut target from $75 to $60 (Neutral). Mizuho : lowered from $76 to $72 (Neutral). Telsey Advisory Group : reiterated Outperform, $80 target. Bank of America : downgraded to Underperform with a $45 target. Weiss Ratings : maintained Hold (C-). Consensus rating stands at Hold , with an average price target of $74.11 . Stock and earnings snapshot FND opened at $52.91 on Wednesday, with a market cap of $5.71 billion, P/E of 27.56 and beta of 1.82. The 52-week range spans $46.47–$92.40 . In Q4, Floor & Decor reported EPS of $0.36 (beating $0.35 consensus) on revenue of $1.13 billion, up 2% year-over-year. Management guided FY2026 EPS to $1.98–$2.18 . About Floor & Decor Founded in 2000 and headquartered in Atlanta, Floor & Decor is a specialty retailer focused on hard-surface flooring — ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank, natural stone and installation materials — serving both pros and DIY customers through warehouse-format stores and e-commerce.