Floor & Decor (NYSE:FND) Given New $49.00 Price Target at Citigroup

Key Points

• Citigroup cut Floor & Decor’s price target to $49 from $59 while maintaining a neutral rating, implying about 9.6% upside from the prior close.
• Analyst sentiment remains broadly cautious: the stock has a consensus “Hold” rating and an average target price of $58.74, based on five Buy, twelve Hold and three Sell ratings.
• Floor & Decor reported quarterly EPS of $0.58 and revenue of $1.25 billion, beating analyst estimates, while shares traded near $44.69—close to the company’s 52-week low of $42.64.

Floor & Decor (NYSE:FND - Get Free Report) had its price target cut by Citigroup from $59.00 to $49.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a "neutral" rating on the stock. Citigroup's price target would indicate a potential upside of 9.64% from the stock's previous close.

Several other equities research analysts also recently weighed in on the stock. Truist Financial upped their target price on shares of Floor & Decor from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Wall Street Zen raised shares of Floor & Decor from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Morgan Stanley raised their price target on shares of Floor & Decor from $56.00 to $64.00 and gave the company an "equal weight" rating in a research report on Friday, July 31st. UBS Group boosted their price target on shares of Floor & Decor from $55.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Finally, TD Cowen reaffirmed a "hold" rating on shares of Floor & Decor in a research report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $58.74.

Floor & Decor Price Performance

FND traded up $0.10 on Tuesday, hitting $44.69. 2,103,811 shares of the company's stock were exchanged, compared to its average volume of 2,683,976. Floor & Decor has a fifty-two week low of $42.64 and a fifty-two week high of $77.46. The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $51.14 and a 200-day moving average price of $51.74. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 3.69 and a beta of 1.60.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. Floor & Decor had a return on equity of 8.20% and a net margin of 4.93%. The firm's revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 earnings per share. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. As a group, equities analysts anticipate that Floor & Decor will post 1.99 earnings per share for the current year.

Insider Activity at Floor & Decor

In other Floor & Decor news, insider Thomas V. Taylor sold 218,189 shares of the business's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $62.30, for a total transaction of $13,593,174.70. Following the sale, the insider directly owned 229,820 shares in the company, valued at approximately $14,317,786. The trade was a 48.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Floor & Decor

A number of hedge funds and other institutional investors have recently modified their holdings of FND. Arizona State Retirement System grew its position in Floor & Decor by 0.8% in the second quarter. Arizona State Retirement System now owns 29,826 shares of the company's stock valued at $1,770,000 after acquiring an additional 224 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Floor & Decor by 20.2% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,703 shares of the company's stock worth $78,000 after acquiring an additional 286 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of Floor & Decor by 1.6% in the first quarter. State of Michigan Retirement System now owns 25,900 shares of the company's stock worth $1,316,000 after acquiring an additional 400 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Floor & Decor by 22.7% in the third quarter. GAMMA Investing LLC now owns 2,766 shares of the company's stock worth $127,000 after acquiring an additional 512 shares during the last quarter. Finally, Saturna Capital Corp lifted its holdings in shares of Floor & Decor by 5.8% in the first quarter. Saturna Capital Corp now owns 9,635 shares of the company's stock worth $489,000 after acquiring an additional 527 shares during the last quarter.

About Floor & Decor

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company sells tile, natural stone, wood, laminate and luxury vinyl flooring, along with installation materials, tools, accessories and decorative products for residential and commercial projects.

Floor & Decor operates warehouse-format stores and an e-commerce platform serving do-it-yourself customers, professional contractors, designers and commercial clients. Its stores generally offer a broad selection of in-stock flooring products, design services, installation supplies and related project resources.

Founded in 2000 and headquartered in Atlanta, Georgia, the company serves customers across the United States.

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