TD Cowen Cuts Floor & Decor (NYSE:FND) Price Target to $60.00

Floor & Decor (NYSE:FND) had its price objective reduced by TD Cowen from $75.00 to $60.00 in a research note released on Monday morning,Benzinga reports. They currently have a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Piper Sandler restated an “overweight” rating and set a $80.00 price objective on shares of Floor & Decor in a report on Friday, February 20th. JPMorgan Chase & Co. dropped their target price on Floor & Decor from $85.00 to $78.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Mizuho reduced their target price on Floor & Decor from $76.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Morgan Stanley decreased their price target on Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. Finally, Barclays lifted their price target on Floor & Decor from $70.00 to $77.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Six equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and a consensus target price of $77.35.

Floor & Decor Stock Performance

Shares of FND opened at $49.19 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.33. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 1.73 and a beta of 1.72. The company’s 50 day simple moving average is $63.28 and its 200 day simple moving average is $66.32. Floor & Decor has a 1 year low of $49.07 and a 1 year high of $92.40.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 8.99%. Floor & Decor’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 earnings per share. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. On average, sell-side analysts predict that Floor & Decor will post 2 EPS for the current year.

Institutional Trading of Floor & Decor

Several institutional investors have recently made changes to their positions in FND. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Floor & Decor by 9.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company’s stock worth $27,346,000 after buying an additional 30,195 shares during the last quarter. Creative Planning boosted its holdings in Floor & Decor by 12.5% in the second quarter. Creative Planning now owns 13,198 shares of the company’s stock valued at $1,003,000 after acquiring an additional 1,469 shares during the last quarter. Franklin Resources Inc. grew its position in Floor & Decor by 0.8% during the second quarter. Franklin Resources Inc. now owns 49,769 shares of the company’s stock valued at $3,780,000 after acquiring an additional 393 shares during the period. Prudential Financial Inc. grew its position in Floor & Decor by 26.9% during the second quarter. Prudential Financial Inc. now owns 10,895 shares of the company’s stock valued at $828,000 after acquiring an additional 2,310 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Floor & Decor by 5.3% during the second quarter. Russell Investments Group Ltd. now owns 117,071 shares of the company’s stock worth $8,884,000 after acquiring an additional 5,884 shares during the last quarter.

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.