Wells Fargo & Company Issues Pessimistic Forecast for Floor & Decor (NYSE:FND) Stock Price

Key Points

• Wells Fargo cut its price target on Floor & Decor from $70 to $50 and maintained an "equal weight" rating, implying only about a 2.8% upside from the prior close.
• Q1 results missed estimates (EPS $0.37 vs. $0.42; revenue $1.15B vs. $1.19B) and management set FY2026 guidance of $1.83–$2.08 EPS, which is below or near street expectations and signals soft demand for big-ticket projects.
• The stock carries a consensus analyst rating of "Hold" with a $65.11 average target while shares trade near $48.63, and an unusually large spike in put volume (~1,619% increase) indicates elevated bearish/options hedging activity.

Floor & Decor (NYSE:FND - Get Free Report) had its price target cut by research analysts at Wells Fargo & Company from $70.00 to $50.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective indicates a potential upside of 2.82% from the company's previous close.

Several other brokerages have also recently weighed in on FND. Piper Sandler set a $70.00 target price on Floor & Decor in a report on Friday. Telsey Advisory Group decreased their price objective on Floor & Decor from $80.00 to $61.00 and set an "outperform" rating on the stock in a report on Friday. Mizuho decreased their price objective on Floor & Decor from $76.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday, February 20th. TD Cowen decreased their price objective on Floor & Decor from $75.00 to $60.00 and set a "hold" rating on the stock in a report on Monday, March 30th. Finally, Bank of America cut Floor & Decor from a "buy" rating to an "underperform" rating and set a $45.00 price objective on the stock. in a report on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $65.11.

Floor & Decor Price Performance

Shares of Floor & Decor stock traded up $0.23 on Friday, hitting $48.63. 774,189 shares of the company were exchanged, compared to its average volume of 2,677,096. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 2.85 and a beta of 1.82. The company has a 50-day moving average price of $55.44 and a 200 day moving average price of $62.49. Floor & Decor has a 1-year low of $46.47 and a 1-year high of $92.40. The company has a quick ratio of 0.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.08.

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

Institutional Trading of Floor & Decor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in Floor & Decor in the third quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. raised its position in Floor & Decor by 207.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company's stock valued at $27,000 after purchasing an additional 247 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Floor & Decor in the fourth quarter valued at approximately $34,000. Clearstead Advisors LLC raised its position in Floor & Decor by 215.7% in the fourth quarter. Clearstead Advisors LLC now owns 562 shares of the company's stock valued at $34,000 after purchasing an additional 384 shares during the period. Finally, State of Wyoming purchased a new stake in Floor & Decor in the second quarter valued at approximately $46,000.

Key Floor & Decor News

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

• Positive Sentiment: Telsey Advisory Group lowered its price target on FND from $80 to $61 but maintained an "outperform" rating; the new target implies roughly 26% upside from the current price, which can be seen as analyst confidence in medium-term recovery despite the cut.
• Neutral Sentiment: Full Q1 earnings call transcript is available for investors to hear management's tone and detail on demand trends and cost actions; useful for judging whether the miss is cyclical or structural. Earnings Call Transcript
• Negative Sentiment: Q1 results missed estimates: EPS $0.37 vs. consensus $0.42 and revenue $1.15B vs. $1.19B — revenue was down 0.7% year-over-year and margins/ROE were modest (net margin ~4.45%, ROE ~8.99%), signaling pressure on demand for big-ticket discretionary home projects. Zacks: Miss
• Negative Sentiment: Management set FY2026 EPS guidance of $1.83–$2.08 and revenue guidance $4.8B–$5.0B, below or at the low end of street expectations (consensus EPS ~2.06; revenue consensus ~$5.0B), which reduces near-term upside and raises execution/demand concerns.
• Negative Sentiment: Unusually large put buying: ~53,992 puts traded (a ~1,619% increase vs. typical volume), indicating elevated bearish/options hedging activity that can amplify downward pressure on the stock short-term.
• Neutral Sentiment: Company press release reiterates management commentary about strategy execution amid a weak big-ticket discretionary demand environment and elevated mortgage rates — helpful context but not a catalyst on its own. Press Release

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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