Floor & Decor (NYSE:FND) Trading Up 8.2% – What’s Next?

Floor & Decor Holdings, Inc. (NYSE:FND)’s share price rose 8.2% during mid-day trading on Tuesday . The stock traded as high as $49.04 and last traded at $49.7170. Approximately 847,499 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 2,799,127 shares. The stock had previously closed at $45.93.

Analyst Ratings Changes

A number of research firms have recently commented on FND. UBS Group reduced their price objective on shares of Floor & Decor from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Mizuho lowered their price objective on Floor & Decor from $72.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Robert W. Baird set a $63.00 price target on Floor & Decor in a research note on Friday, May 1st. TD Cowen cut their price objective on Floor & Decor from $60.00 to $48.00 and set a “hold” rating for the company in a report on Friday, May 1st. Finally, Wells Fargo & Company cut their price target on shares of Floor & Decor from $70.00 to $50.00 and set an “equal weight” rating for the company in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $59.17.

Floor & Decor Stock Down 0.5%

The business’s fifty day moving average is $49.49 and its two-hundred day moving average is $59.28. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 4.28 and a beta of 1.62.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. Floor & Decor had a net margin of 4.27% and a return on equity of 8.38%. The company’s revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. Research analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current year.

Insider Buying and Selling

In related news, CFO Bryan Langley bought 2,500 shares of the company’s stock in a transaction on Monday, May 4th. The shares were purchased at an average cost of $48.69 per share, for a total transaction of $121,725.00. Following the acquisition, the chief financial officer 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 purchase 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 company’s stock in a transaction that occurred on Monday, May 4th. The shares were 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 of the company’s stock, valued at $3,460,517.28. This trade represents a 17.50% decrease in their position. The SEC filing for this sale provides additional information. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Floor & Decor by 9.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company’s stock valued at $27,346,000 after purchasing an additional 30,195 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Floor & Decor by 290.8% during the 2nd quarter. Invesco Ltd. now owns 597,083 shares of the company’s stock worth $45,354,000 after acquiring an additional 444,290 shares during the period. California Public Employees Retirement System increased its holdings in shares of Floor & Decor by 12.7% during the 2nd quarter. California Public Employees Retirement System now owns 140,132 shares of the company’s stock worth $10,644,000 after acquiring an additional 15,821 shares during the last quarter. State Street Corp lifted its holdings in Floor & Decor by 1.1% during 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 during the last quarter. Finally, Sei Investments Co. boosted its position in Floor & Decor by 33.9% during the second quarter. Sei Investments Co. now owns 343,573 shares of the company’s stock worth $26,098,000 after purchasing an additional 87,013 shares during the period.

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.