Floor & Decor (NYSE:FND) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Floor & Decor Holdings, Inc. (NYSE:FND)’s stock price crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $48.26 and traded as high as $48.40. Floor & Decor shares last traded at $48.3010, with a volume of 3,154,836 shares changing hands.

Analysts Set New Price Targets

FND has been the topic of a number of research analyst reports. Truist Financial raised their target price on Floor & Decor from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 31st. Wells Fargo & Company dropped their price target on Floor & Decor from $55.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Stifel Nicolaus reiterated a “hold” rating and set a $52.00 price target (down from $75.00) on shares of Floor & Decor in a report on Monday. Wolfe Research reissued an “underperform” rating and issued a $41.00 price objective on shares of Floor & Decor in a research report on Tuesday, July 21st. Finally, Jefferies Financial Group reduced their price objective on Floor & Decor from $59.00 to $47.00 and set a “hold” rating for the company in a research report on Tuesday, October 20th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $56.50.

Floor & Decor Stock Up 1.9%

The firm’s 50-day simple moving average is $48.26 and its 200-day simple moving average is $55.25.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates 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. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 EPS. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. Sell-side analysts predict that Floor & Decor Holdings, Inc. will post 1.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Floor & Decor news, insider Thomas V. Taylor sold 218,189 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $62.30, for a total value of $13,593,174.70. Following the completion of the transaction, the insider owned 229,820 shares of the company’s stock, valued at $14,317,786. This represents a 48.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Floor & Decor

A number of hedge funds have recently modified their holdings of the company. Worldly Partners Management LLC increased its position in shares of Floor & Decor by 3.2% during the second quarter. Worldly Partners Management LLC now owns 1,371,180 shares of the company’s stock valued at $81,393,000 after purchasing an additional 42,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Floor & Decor in the second quarter valued at $1,822,000. Public Employees Retirement System of Ohio acquired a new position in shares of Floor & Decor in the second quarter valued at $1,887,000. Principal Financial Group Inc. raised its stake in shares of Floor & Decor by 6.5% in the first quarter. Principal Financial Group Inc. now owns 6,837,639 shares of the company’s stock valued at $347,354,000 after purchasing an additional 416,572 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its position in Floor & Decor by 96.5% in the third quarter. Confluence Investment Management LLC now owns 258,061 shares of the company’s stock worth $11,822,000 after purchasing an additional 126,751 shares during the period.

About Floor & Decor

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company offers a broad selection of tile, natural stone, wood, laminate and vinyl flooring, along with installation materials, tools, accessories and home-decor items.

Floor & Decor serves homeowners, professional installers, designers, remodelers and commercial customers through warehouse-format stores, smaller design studios and its e-commerce platform. Its stores are designed to provide a wide product assortment for renovation and construction projects, while also offering services such as design support and product fulfillment.

Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor operates primarily in the United States.