Floor & Decor (NYSE:FND) Stock Gets Price Target Trim from Citigroup

Floor & Decor (NYSE:FND) had its price target trimmed by Citigroup from $59.00 to $49.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

FND has been the topic of a number of other research reports. Telsey Advisory Group increased their price objective on shares of Floor & Decor from $61.00 to $68.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. 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 note on Friday, July 31st. Wells Fargo & Company upped their target price on shares of Floor & Decor from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. The Goldman Sachs Group set a $53.00 price target on shares of Floor & Decor in a research note on Saturday, August 1st. Finally, Morgan Stanley raised their price target on shares of Floor & Decor from $56.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and an average price target of $58.74.

Floor & Decor Trading Up 3.1%

Shares of NYSE FND opened at $45.59 on Tuesday. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 3.58 and a beta of 1.60. Floor & Decor has a 12-month low of $42.64 and a 12-month high of $77.46. 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 stock’s 50 day simple moving average is $50.15 and its 200 day simple moving average is $51.59.

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

Insiders Place Their Bets

In related news, insider Thomas V. Taylor sold 218,189 shares of Floor & Decor stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $62.30, for a total transaction of $13,593,174.70. Following the transaction, the insider directly owned 229,820 shares of the company’s stock, valued at $14,317,786. The trade was a 48.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors and hedge funds have recently bought and sold shares of FND. Arizona State Retirement System lifted its stake in Floor & Decor by 0.8% during the second quarter. Arizona State Retirement System now owns 29,826 shares of the company’s stock valued at $1,770,000 after purchasing an additional 224 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Floor & Decor by 20.2% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,703 shares of the company’s stock worth $78,000 after buying an additional 286 shares during the last quarter. State of Michigan Retirement System grew its position in Floor & Decor by 1.6% in the first quarter. State of Michigan Retirement System now owns 25,900 shares of the company’s stock worth $1,316,000 after buying an additional 400 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Floor & Decor by 22.7% in the third quarter. GAMMA Investing LLC now owns 2,766 shares of the company’s stock valued at $127,000 after buying an additional 512 shares in the last quarter. Finally, Saturna Capital Corp increased its holdings in shares of Floor & Decor by 5.8% in the first quarter. Saturna Capital Corp now owns 9,635 shares of the company’s stock valued at $489,000 after buying an additional 527 shares in the last quarter.

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.