Floor & Decor (NYSE:FND) Given New $60.00 Price Target at TD Cowen

Floor & Decor (NYSE:FND) had its price objective reduced by equities researchers at TD Cowen from $75.00 to $60.00 in a report issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. TD Cowen’s price objective suggests a potential upside of 20.43% from the company’s previous close.

A number of other equities research analysts also recently commented on FND. Morgan Stanley lowered their price objective on Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. UBS Group decreased their target price on shares of Floor & Decor from $74.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Stifel Nicolaus dropped their price target on shares of Floor & Decor from $92.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, December 16th. Barclays increased their price target on shares of Floor & Decor from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $64.00 price target on shares of Floor & Decor in a report on Friday, February 20th. Six analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and a consensus target price of $77.35.

Floor & Decor Stock Performance

Shares of NYSE FND opened at $49.82 on Monday. The company has a 50-day simple moving average of $64.77 and a 200-day simple moving average of $67.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 0.34. The company has a market cap of $5.37 billion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 1.71 and a beta of 1.72. Floor & Decor has a 12 month low of $49.87 and a 12 month high of $92.40.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 8.99%. Floor & Decor’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 earnings per share. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. On average, equities analysts anticipate that Floor & Decor will post 2 earnings per share for the current year.

Hedge Funds Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Floor & Decor by 9.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company’s stock worth $27,346,000 after purchasing an additional 30,195 shares during the period. Creative Planning lifted its stake in shares of Floor & Decor by 12.5% during the second quarter. Creative Planning now owns 13,198 shares of the company’s stock worth $1,003,000 after purchasing an additional 1,469 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Floor & Decor by 0.8% in the second quarter. Franklin Resources Inc. now owns 49,769 shares of the company’s stock worth $3,780,000 after buying an additional 393 shares during the period. Prudential Financial Inc. boosted its position in shares of Floor & Decor by 26.9% in the second quarter. Prudential Financial Inc. now owns 10,895 shares of the company’s stock worth $828,000 after buying an additional 2,310 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Floor & Decor by 5.3% in the second quarter. Russell Investments Group Ltd. now owns 117,071 shares of the company’s stock valued at $8,884,000 after buying an additional 5,884 shares in the last quarter.

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.