Floor & Decor (NYSE:FND) Trading Up 7.7% – Here’s What Happened

Floor & Decor Holdings, Inc. (NYSE:FND)’s stock price was up 7.7% during mid-day trading on Wednesday . The company traded as high as $56.07 and last traded at $55.4260. Approximately 174,831 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 2,801,833 shares. The stock had previously closed at $51.46.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Bank of America lowered Floor & Decor from a “buy” rating to an “underperform” rating and set a $45.00 price target on the stock. in a research report on Friday, April 17th. TD Cowen cut their price objective on Floor & Decor from $60.00 to $48.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Barclays reduced their price objective on Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Telsey Advisory Group decreased their target price on Floor & Decor from $80.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Finally, Morgan Stanley restated a “positive” rating and issued a $56.00 target price on shares of Floor & Decor in a research note on Friday, May 1st. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $59.17.

Floor & Decor Stock Up 2.3%

The business’s fifty day moving average is $50.21 and its two-hundred day moving average is $58.47. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 31.66, a price-to-earnings-growth ratio of 4.90 and a beta of 1.62.

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

Insiders Place Their Bets

In other news, EVP Ersan Sayman sold 15,200 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $48.28, for a total value of $733,856.00. Following the transaction, the executive vice president owned 71,676 shares of the company’s stock, valued at approximately $3,460,517.28. This trade represents a 17.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bradley Paulsen purchased 5,000 shares of the stock in a transaction dated Monday, May 4th. The shares were acquired at an average price of $50.25 per share, with a total value of $251,250.00. Following the transaction, the chief executive officer owned 85,010 shares in the company, valued at $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. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Floor & Decor

A number of institutional investors have recently bought and sold shares of FND. Advisory Services Network LLC acquired a new position in shares of Floor & Decor in the 3rd quarter valued at $26,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Floor & Decor by 207.6% in 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 during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Floor & Decor during the first quarter worth $31,000. Clearstead Advisors LLC grew its stake in shares of Floor & Decor by 215.7% during the fourth quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock worth $34,000 after purchasing an additional 384 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in Floor & Decor in the fourth quarter valued at about $34,000.

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.