Floor & Decor (NYSE:FND) Price Target Cut to $61.00 by Analysts at Telsey Advisory Group

Key Points

• Telsey Advisory Group cut its price target on Floor & Decor to $61 from $80 while keeping an "outperform" rating, implying about a 26% upside from the stock's current price.
• Multiple brokers have trimmed targets recently (Citigroup to $60, Goldman $64, Mizuho $72, TD Cowen to $60), leaving a consensus "Hold" rating and an average price target of $69.17 across analysts.
• Fundamentals weakened this quarter: FND missed Q1 estimates with $0.37 EPS vs. $0.42 expected and $1.15B revenue vs. $1.19B expected, and issued FY2026 guidance of $1.83–2.08 EPS versus analysts' 2.09 forecast.

Floor & Decor (NYSE:FND - Get Free Report) had its price target decreased by analysts at Telsey Advisory Group from $80.00 to $61.00 in a research report issued on Friday. The firm presently has an "outperform" rating on the stock. Telsey Advisory Group's target price points to a potential upside of 26.22% from the stock's current price.

A number of other research analysts have also commented on the stock. Citigroup dropped their price objective on shares of Floor & Decor from $75.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 21st. The Goldman Sachs Group reissued a "neutral" rating and set a $64.00 price target on shares of Floor & Decor in a report on Friday, February 20th. Mizuho dropped their price target on Floor & Decor from $76.00 to $72.00 and set a "neutral" rating on the stock in a research report on Friday, February 20th. Zelman & Associates reduced their price objective on Floor & Decor from $80.00 to $65.00 and set a "neutral" rating for the company in a research note on Friday, April 17th. Finally, TD Cowen decreased their price objective on Floor & Decor from $75.00 to $60.00 and set a "hold" rating for the company in a research report on Monday, March 30th. Five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $69.17.

Floor & Decor Stock Performance

Shares of FND opened at $48.33 on Friday. The company's 50 day simple moving average is $55.44 and its 200-day simple moving average is $62.49. The firm has a market cap of $5.21 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 2.85 and a beta of 1.82. Floor & Decor has a 12-month low of $46.47 and a 12-month high of $92.40. The company has a current ratio of 1.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.19 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 8.99%. The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. As a group, equities analysts predict that Floor & Decor will post 2.09 EPS for the current year.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital World Investors lifted its holdings in shares of Floor & Decor by 8.1% in the 4th quarter. Capital World Investors now owns 7,472,044 shares of the company's stock valued at $454,975,000 after buying an additional 557,728 shares during the period. Principal Financial Group Inc. grew its holdings in Floor & Decor by 0.4% during the fourth quarter. Principal Financial Group Inc. now owns 6,421,067 shares of the company's stock worth $390,981,000 after acquiring an additional 22,636 shares during the period. Morgan Stanley raised its position in Floor & Decor by 10.4% in the fourth quarter. Morgan Stanley now owns 5,120,116 shares of the company's stock worth $311,764,000 after acquiring an additional 484,243 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Floor & Decor by 1,060,525.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,881,888 shares of the company's stock worth $236,368,000 after acquiring an additional 3,881,522 shares in the last quarter. Finally, State Street Corp lifted its holdings in Floor & Decor by 1.1% in the second quarter. State Street Corp now owns 3,811,571 shares of the company's stock valued at $289,527,000 after acquiring an additional 42,636 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.

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