Floor & Decor (NYSE:FND) Given New $64.00 Price Target at Morgan Stanley

Floor & Decor (NYSE:FND) had its price objective hoisted by Morgan Stanley from $56.00 to $64.00 in a report published on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other brokerages have also commented on FND. Barclays dropped their price target on Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. 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. Guggenheim decreased their target price on Floor & Decor from $90.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Piper Sandler lifted their target price on Floor & Decor from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Citigroup reissued a “neutral” rating on shares of Floor & Decor in a report on Thursday, July 16th. Five research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $59.42.

Floor & Decor Stock Performance

NYSE:FND opened at $57.95 on Friday. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 4.61 and a beta of 1.58. 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 $53.89 and a two-hundred day moving average price of $57.30.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, July 30th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. Floor & Decor had a net margin of 4.93% and a return on equity of 8.27%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the firm earned $0.58 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. As a group, sell-side analysts forecast that Floor & Decor will post 1.94 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Bryan Langley acquired 2,500 shares of Floor & Decor stock in a transaction on Monday, May 4th. The stock was acquired at an average cost of $48.69 per share, with a total value of $121,725.00. Following the completion of the acquisition, the chief financial officer owned 42,016 shares in the company, valued at approximately $2,045,759.04. This trade represents a 6.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bradley Paulsen bought 5,000 shares of the stock in a transaction on Monday, May 4th. The stock was purchased at an average price of $50.25 per share, for a total transaction of $251,250.00. Following the completion of the purchase, the chief executive officer owned 85,010 shares of the company’s stock, valued at approximately $4,271,752.50. This trade represents a 6.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FND. Handelsbanken Fonder AB grew its stake in shares of Floor & Decor by 16.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 40,300 shares of the company’s stock worth $2,392,000 after acquiring an additional 5,600 shares during the period. Confluence Investment Management LLC bought a new stake in Floor & Decor in the 2nd quarter valued at about $7,795,000. PVG Asset Management Corp lifted its holdings in Floor & Decor by 57.0% during the first quarter. PVG Asset Management Corp now owns 5,572 shares of the company’s stock valued at $296,000 after purchasing an additional 2,024 shares during the last quarter. Militia Capital Management LLC purchased a new stake in Floor & Decor during the first quarter valued at about $1,367,000. Finally, Carlson Capital L.P. boosted its position in Floor & Decor by 199.0% during the first quarter. Carlson Capital L.P. now owns 36,478 shares of the company’s stock worth $1,853,000 after purchasing an additional 24,278 shares during the period.

Trending Headlines about Floor & Decor

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

• Positive Sentiment: Q2 results exceeded expectations: Revenue rose 3.0% year over year to $1.25 billion, ahead of the approximately $1.23 billion consensus, while adjusted EPS of $0.58 topped estimates of $0.56-$0.57. Floor & Decor second-quarter fiscal 2026 results
• Positive Sentiment: Full-year outlook improved: Floor & Decor raised FY2026 diluted EPS guidance to $2.20-$2.45 from $1.83-$2.08, above the roughly $1.91 analyst consensus. The company also expects revenue of approximately $4.8-$5.0 billion. Floor & Decor earnings and revenue beat estimates
• Positive Sentiment: Sales trends improved during the quarter: Comparable-store sales declined 5.1% in April but were nearly flat by June, suggesting demand stabilized as the quarter progressed. The company also repurchased $65.7 million of stock.
• Positive Sentiment: Analysts raised targets: Truist lifted its price target from $65 to $70 and maintained a “buy” rating, while Morgan Stanley raised its target from $56 to $64 but retained an “equal weight” rating. Benzinga analyst price-target updates
• Neutral Sentiment: Mixed insider and institutional activity: The CEO and CFO recently purchased shares, while an executive sold shares. Institutional positioning was also mixed, with 236 investors adding shares and 211 reducing positions in the latest quarter.
• Negative Sentiment: Comparable sales remained under pressure: Despite the late-quarter improvement, the company continues to face weakness in discretionary home-improvement demand, with full-year comparable-store sales expectations ranging from flat to down 4%.

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.