Floor & Decor (NYSE:FND) Trading 8.2% Higher – Here’s What Happened

Floor & Decor Holdings, Inc. (NYSE:FND) shares rose 8.2% during mid-day trading on Tuesday . The company traded as high as $49.04 and last traded at $49.7170. Approximately 847,499 shares traded hands during trading, a decline of 70% from the average daily volume of 2,799,127 shares. The stock had previously closed at $45.93.

Analysts Set New Price Targets

A number of analysts recently issued reports on FND shares. Bank of America lowered Floor & Decor from a “buy” rating to an “underperform” rating and set a $45.00 price target for the company. in a report on Friday, April 17th. Zelman & Associates reduced their price objective on Floor & Decor from $80.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Telsey Advisory Group decreased their target price on Floor & Decor from $80.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. UBS Group lowered their target price on Floor & Decor from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Finally, Weiss Ratings lowered Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $59.17.

Floor & Decor Price Performance

The firm has a fifty day moving average of $49.50 and a two-hundred day moving average of $59.39. The stock has a market capitalization of $5.33 billion, a P/E ratio of 26.87, a P/E/G ratio of 4.08 and a beta of 1.62.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.05). The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. Floor & Decor had a net margin of 4.27% and a return on equity of 8.38%. The business’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 earnings per share. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. As a group, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Floor & Decor

Several institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of Floor & Decor by 1,060,525.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,881,888 shares of the company’s stock worth $236,368,000 after acquiring an additional 3,881,522 shares during the last quarter. Capital World Investors grew its position in Floor & Decor by 37.2% during the 3rd quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock worth $509,589,000 after purchasing an additional 1,872,892 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in Floor & Decor during the 4th quarter valued at approximately $108,060,000. Durable Capital Partners LP purchased a new position in shares of Floor & Decor in the second quarter worth $106,221,000. Finally, FIL Ltd lifted its stake in shares of Floor & Decor by 193.9% during the fourth quarter. FIL Ltd now owns 1,836,696 shares of the company’s stock worth $111,836,000 after buying an additional 1,211,731 shares during the period.

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.