Brokerages Set Floor & Decor Holdings, Inc. (NYSE:FND) Target Price at $59.42

Floor & Decor Holdings, Inc. (NYSE:FND) has received an average recommendation of “Hold” from the twenty research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $59.4211.

FND has been the subject of several research analyst reports. The Goldman Sachs Group set a $53.00 price objective on Floor & Decor in a research report on Saturday, August 1st. Guggenheim lowered their price target on shares of Floor & Decor from $90.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Wells Fargo & Company increased their price target on shares of Floor & Decor from $50.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Truist Financial raised their price objective on shares of Floor & Decor from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Mizuho lowered their target price on shares of Floor & Decor from $72.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th.

Insider Transactions at Floor & Decor

In other Floor & Decor news, insider Thomas V. Taylor sold 218,189 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $62.30, for a total transaction of $13,593,174.70. Following the sale, the insider directly owned 229,820 shares in the company, valued at approximately $14,317,786. The trade was a 48.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC acquired a new position in Floor & Decor during the third quarter worth about $26,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Floor & Decor by 207.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock worth $27,000 after purchasing an additional 247 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Floor & Decor in the 1st quarter valued at approximately $31,000. Clearstead Advisors LLC lifted its stake in Floor & Decor by 215.7% in the 4th quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after buying an additional 384 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Floor & Decor during the 4th quarter valued at $34,000.

Floor & Decor Trading Down 4.7%

NYSE FND opened at $54.72 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $5.83 billion, a P/E ratio of 25.45, a P/E/G ratio of 4.65 and a beta of 1.57. Floor & Decor has a 52-week low of $42.64 and a 52-week high of $92.40. The firm has a 50-day moving average price of $56.48 and a 200 day moving average price of $55.77.

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

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.