Floor & Decor Holdings, Inc. (NYSE:FND) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Floor & Decor, with 12 hold, five buy and three sell ratings among 20 firms. The average one-year price target is approximately $59.42.
• Recent analyst actions were mixed: Piper Sandler raised its target to $72 with an overweight rating, while Morgan Stanley lifted its target to $64 but kept an equal-weight rating; Citigroup reaffirmed neutral.
• Floor & Decor slightly exceeded quarterly expectations, reporting $0.58 EPS versus a $0.56 estimate and $1.25 billion in revenue versus $1.23 billion expected. Revenue increased 3% year over year, though an insider sold 218,189 shares at an average $62.30.

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) has been given an average rating of "Hold" by the twenty research firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $59.4211.

Several research firms have recently issued reports on FND. Evercore set a $60.00 price objective on shares of Floor & Decor in a research report on Tuesday, July 7th. Citigroup reaffirmed a "neutral" rating on shares of Floor & Decor in a research report on Thursday, July 16th. Zacks Research upgraded Floor & Decor from a "strong sell" rating to a "hold" rating in a research note on Friday, July 3rd. Piper Sandler raised their target price on Floor & Decor from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Finally, Morgan Stanley boosted their price target on Floor & Decor from $56.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Friday, July 31st.

Insider Buying and Selling at Floor & Decor

In related news, insider Thomas V. Taylor sold 218,189 shares of the firm's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $62.30, for a total transaction of $13,593,174.70. Following the completion of the sale, the insider directly owned 229,820 shares of the company's stock, valued at approximately $14,317,786. This trade represents a 48.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Floor & Decor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FND. Cibc World Market Inc. grew its stake in shares of Floor & Decor by 1.6% during the fourth quarter. Cibc World Market Inc. now owns 9,253 shares of the company's stock valued at $563,000 after acquiring an additional 146 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Floor & Decor by 50.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company's stock worth $34,000 after acquiring an additional 186 shares in the last quarter. Capital Analysts LLC boosted its holdings in Floor & Decor by 32.2% in the fourth quarter. Capital Analysts LLC now owns 767 shares of the company's stock valued at $47,000 after purchasing an additional 187 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Floor & Decor by 35.5% in the fourth quarter. Global Retirement Partners LLC now owns 722 shares of the company's stock valued at $44,000 after purchasing an additional 189 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Floor & Decor by 0.3% in the third quarter. CANADA LIFE ASSURANCE Co now owns 78,410 shares of the company's stock valued at $5,895,000 after purchasing an additional 221 shares during the last quarter.

Floor & Decor Price Performance

FND opened at $47.36 on Friday. Floor & Decor has a 1 year low of $42.64 and a 1 year high of $92.40. The company's 50 day simple moving average is $54.94 and its 200 day simple moving average is $53.84. The stock has a market capitalization of $5.04 billion, a PE ratio of 22.03, a P/E/G ratio of 3.80 and a beta of 1.55. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.33.

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

Floor & Decor Company Profile

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company sells a broad selection of tile, natural stone, hardwood, laminate and luxury vinyl flooring, along with installation materials, tools, trims and accessories.

Floor & Decor serves do-it-yourself customers, professional flooring contractors, homebuilders, designers and commercial customers. Its stores generally operate in a warehouse-format model designed to offer a wide product assortment, and the company also sells through its e-commerce platform and provides design and project-support services.

Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor has expanded its store network across the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.