Floor & Decor (NYSE:FND) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Floor & Decor (NYSE:FND) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other analysts have also weighed in on FND. Citigroup restated a “neutral” rating on shares of Floor & Decor in a research report on Thursday, July 16th. Zelman & Associates lowered their price target on shares of Floor & Decor from $80.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Weiss Ratings cut Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Barclays cut their price objective 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. Finally, Guggenheim reduced their price objective on Floor & Decor from $90.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Five equities 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 company. Based on data from MarketBeat, Floor & Decor has an average rating of “Hold” and an average target price of $59.42.

Floor & Decor Trading Down 0.8%

FND opened at $57.10 on Friday. The company’s 50 day moving average is $54.07 and its 200-day moving average is $57.04. Floor & Decor has a 1-year low of $42.64 and a 1-year high of $92.40. The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. The company has a market cap of $6.16 billion, a P/E ratio of 26.56, a PEG ratio of 4.72 and a beta of 1.57.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Floor & Decor had a net margin of 4.93% and a return on equity of 8.20%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 EPS. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. Equities research analysts predict that Floor & Decor will post 1.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new position in shares of Floor & Decor during the third quarter valued at $26,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Floor & Decor by 207.6% in the third 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. Los Angeles Capital Management LLC bought a new stake in shares of Floor & Decor in the fourth quarter worth $34,000. Clearstead Advisors LLC increased its holdings in Floor & Decor by 215.7% in the fourth quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after purchasing an additional 384 shares during the period. Finally, State of Wyoming acquired a new stake in Floor & Decor in the second quarter valued at $46,000.

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.