Floor & Decor (NYSE:FND) Sets New 52-Week Low – Here’s What Happened

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) hit a new 52-week low on Wednesday . The stock traded as low as $54.74 and last traded at $55.3540, with a volume of 461351 shares traded. The stock had previously closed at $56.40.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FND. Telsey Advisory Group reissued an “outperform” rating and set a $80.00 price target on shares of Floor & Decor in a research report on Friday, February 20th. Piper Sandler reaffirmed an “overweight” rating and issued a $80.00 price objective on shares of Floor & Decor in a research note on Friday, February 20th. Morgan Stanley dropped their target price on shares of Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. The Goldman Sachs Group reissued a “neutral” rating and set a $64.00 target price on shares of Floor & Decor in a research report on Friday, February 20th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Floor & Decor in a report on Wednesday, January 28th. Six analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $78.24.

Floor & Decor Trading Down 2.4%

The stock has a market capitalization of $5.94 billion, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 1.96 and a beta of 1.72. The company has a current ratio of 1.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average price of $68.10 and a 200 day moving average price of $68.78.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Floor & Decor had a return on equity of 8.99% and a net margin of 4.45%.The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the business posted $0.44 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. On average, research analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FND. Advisory Services Network LLC acquired a new stake in Floor & Decor in the third quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Floor & Decor by 207.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock valued at $27,000 after purchasing an additional 247 shares during the last quarter. Clearstead Advisors LLC boosted its position in shares of Floor & Decor by 215.7% in the 4th quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock worth $34,000 after purchasing an additional 384 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Floor & Decor in the fourth quarter worth about $34,000. Finally, eCIO Inc. purchased a new stake in shares of Floor & Decor during the fourth quarter worth about $41,000.

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.