TD Cowen Lowers Floor & Decor (NYSE:FND) Price Target to $48.00

Key Points

• TD Cowen cut its price target on Floor & Decor from $60 to $48 and kept a "hold" rating, implying roughly a 5% downside from the current share price.
• Floor & Decor missed Q1 estimates (EPS $0.37 vs. $0.42; revenue $1.15B vs. $1.19B) and lowered FY2026 guidance to $1.83–$2.08 EPS with trimmed revenue targets, triggering negative analyst reaction.
• Despite recent cuts, the analyst consensus remains an average target of about $60.74 and the majority of analysts rate the stock as "Hold" (13 Hold, 5 Buy, 2 Sell), while shares traded near $50.52.

Floor & Decor (NYSE:FND - Get Free Report) had its target price dropped by investment analysts at TD Cowen from $60.00 to $48.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. TD Cowen's target price suggests a potential downside of 4.98% from the company's current price.

A number of other equities research analysts also recently weighed in on FND. Robert W. Baird set a $63.00 target price on shares of Floor & Decor in a research note on Friday. Zelman & Associates lowered their target price on shares of Floor & Decor from $80.00 to $65.00 and set a "neutral" rating on the stock in a research note on Friday, April 17th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Floor & Decor in a research note on Monday. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $64.00 target price on shares of Floor & Decor in a research note on Friday, February 20th. Finally, Morgan Stanley reaffirmed a "positive" rating and issued a $56.00 target price on shares of Floor & Decor in a research note on Friday. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $60.74.

Floor & Decor Price Performance

Shares of Floor & Decor stock traded up $2.12 on Friday, reaching $50.52. The stock had a trading volume of 4,856,275 shares, compared to its average volume of 2,725,511. Floor & Decor has a 1 year low of $46.47 and a 1 year high of $92.40. The company has a market cap of $5.45 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 2.85 and a beta of 1.82. The company has a current ratio of 1.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. The business's 50 day moving average is $55.44 and its two-hundred day moving average is $62.49.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its stake in shares of Floor & Decor by 20.2% during the third quarter. Envestnet Asset Management Inc. now owns 337,870 shares of the company's stock worth $24,901,000 after acquiring an additional 56,870 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Floor & Decor by 134.7% during the third quarter. TD Asset Management Inc now owns 35,162 shares of the company's stock worth $2,591,000 after acquiring an additional 20,182 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Floor & Decor by 46.0% in the third quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company's stock worth $471,567,000 after purchasing an additional 2,015,999 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Floor & Decor by 19.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 724,964 shares of the company's stock worth $53,430,000 after purchasing an additional 118,232 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. bought a new position in shares of Floor & Decor in the third quarter worth approximately $1,916,000.

Key Stories Impacting Floor & Decor

Here are the key news stories impacting Floor & Decor this week:

• Positive Sentiment: Telsey Advisory Group cut its price target from $80 to $61 but kept an "outperform" rating, implying roughly ~23% upside from current levels — a supportive analyst view for a rebound. Telsey Advisory Group PT
• Neutral Sentiment: Company provided its official Q1 2026 results and commentary (Business Wire release); investors are parsing management’s tone on demand and execution in a tough discretionary environment. Press Release
• Neutral Sentiment: Full Q1 earnings call transcript is available for deeper read-through of management’s commentary on demand, margins and store execution — useful for judging whether guidance cuts are temporary or structural. Earnings Call Transcript
• Negative Sentiment: Q1 results missed estimates: $0.37 EPS vs. $0.42 expected and revenue ~$1.15B vs. ~$1.19B consensus; revenue was down year-over-year and margins compressed — a direct driver of negative investor reaction. MarketBeat Q1 Summary
• Negative Sentiment: Management lowered FY2026 EPS guidance to $1.83–$2.08 (consensus ~2.06) and trimmed revenue targets (~$4.8–$5.0B vs. $5.0B consensus), increasing downside risk to near-term estimates. Guidance Details
• Negative Sentiment: Wells Fargo cut its price target sharply from $70 to $50 and moved to "equal weight," signaling a more cautious near-term view that likely pressured sentiment. Wells Fargo PT Cut TickerReport
• Negative Sentiment: Press and analyst write-ups (Zacks, MSN, Chron) highlight the EPS/revenue miss and weaker sales, reinforcing negative headlines that can pressure the stock until results/guidance are digested. Zacks Coverage

About Floor & Decor

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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