Floor & Decor (NYSE:FND) Shares Gap Up Following Strong Earnings

Floor & Decor Holdings, Inc. (NYSE:FND)’s stock price gapped up prior to trading on Friday following a better than expected earnings announcement. The stock had previously closed at $66.12, but opened at $68.58. Floor & Decor shares last traded at $72.8670, with a volume of 473,419 shares traded.

The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the business earned $0.44 EPS. The business’s revenue was up 2.0% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS.

Analysts Set New Price Targets

FND has been the subject of several research analyst reports. TD Cowen reissued a “hold” rating on shares of Floor & Decor in a report on Friday. Mizuho set a $72.00 price objective on shares of Floor & Decor in a research report on Friday. Telsey Advisory Group reiterated an “outperform” rating and set a $80.00 target price on shares of Floor & Decor in a research report on Friday. Wall Street Zen downgraded shares of Floor & Decor from a “hold” rating to a “sell” rating in a research note on Sunday, November 9th. Finally, JPMorgan Chase & Co. decreased their target price on Floor & Decor from $94.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $81.83.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FND. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Floor & Decor by 1,060,525.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,881,888 shares of the company’s stock worth $236,368,000 after buying an additional 3,881,522 shares in the last quarter. Principal Financial Group Inc. increased its position in Floor & Decor by 46.0% in the third quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company’s stock worth $471,567,000 after buying an additional 2,015,999 shares in the last quarter. Capital World Investors lifted its stake in shares of Floor & Decor by 37.2% during the 3rd quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock valued at $509,589,000 after buying an additional 1,872,892 shares in the last quarter. Champlain Investment Partners LLC bought a new stake in shares of Floor & Decor during the fourth quarter valued at approximately $108,060,000. Finally, Durable Capital Partners LP purchased a new stake in shares of Floor & Decor in the second quarter worth about $106,221,000.

Floor & Decor Stock Performance

The stock has a market capitalization of $7.59 billion, a P/E ratio of 35.57, a P/E/G ratio of 2.73 and a beta of 1.74. The business’s fifty day moving average price is $67.75 and its two-hundred day moving average price is $71.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27.

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.