Floor & Decor (NYSE:FND) Stock Price Target Lowered at Citigroup

Floor & Decor (NYSE:FND) had its target price dropped by Citigroup from $59.00 to $49.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 9.64% from the stock’s current price.

Several other research firms have also recently commented on FND. Zacks Research raised Floor & Decor from a “strong sell” rating to a “hold” rating in a research note on Friday, July 3rd. The Goldman Sachs Group set a $53.00 price target on Floor & Decor in a research note on Saturday, August 1st. Morgan Stanley increased their price target on Floor & Decor from $56.00 to $64.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Wolfe Research reaffirmed an “underperform” rating and set a $41.00 price objective on shares of Floor & Decor in a research report on Tuesday, July 21st. Finally, Piper Sandler boosted their target price on shares of Floor & Decor from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Floor & Decor currently has an average rating of “Hold” and an average target price of $58.74.

Floor & Decor Trading Up 0.2%

Shares of FND stock traded up $0.10 during mid-day trading on Tuesday, reaching $44.69. 2,103,811 shares of the stock traded hands, compared to its average volume of 2,683,976. The stock’s fifty day simple moving average is $51.14 and its two-hundred day simple moving average is $51.74. Floor & Decor has a 1-year low of $42.64 and a 1-year high of $77.46. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 3.69 and a beta of 1.60. The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.08.

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

Insider Activity

In other Floor & Decor news, insider Thomas V. Taylor sold 218,189 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $62.30, for a total value of $13,593,174.70. Following the completion of the sale, the insider owned 229,820 shares in the company, valued at approximately $14,317,786. This trade represents a 48.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Summit Securities Group LLC bought a new stake in shares of Floor & Decor in the first quarter valued at $31,000. Versant Capital Management Inc grew its stake in shares of Floor & Decor by 3,263.2% during the 3rd quarter. Versant Capital Management Inc now owns 639 shares of the company’s stock worth $29,000 after acquiring an additional 620 shares during the period. Leonteq Securities AG grew its stake in shares of Floor & Decor by 320.7% during the 1st quarter. Leonteq Securities AG now owns 1,077 shares of the company’s stock worth $55,000 after acquiring an additional 821 shares during the period. Trust Co. of Vermont purchased a new stake in Floor & Decor in the 2nd quarter worth about $68,000. Finally, GK Wealth Management LLC purchased a new stake in Floor & Decor in the 3rd quarter worth about $57,000.

About Floor & Decor

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company sells tile, natural stone, wood, laminate and luxury vinyl flooring, along with installation materials, tools, accessories and decorative products for residential and commercial projects.

Floor & Decor operates warehouse-format stores and an e-commerce platform serving do-it-yourself customers, professional contractors, designers and commercial clients. Its stores generally offer a broad selection of in-stock flooring products, design services, installation supplies and related project resources.

Founded in 2000 and headquartered in Atlanta, Georgia, the company serves customers across the United States.