Floor & Decor (NYSE:FND) Trading 8.2% Higher – Here’s What Happened

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) rose 8.2% during trading on Tuesday . The stock traded as high as $49.04 and last traded at $49.7170. Approximately 847,499 shares changed hands during trading, a decline of 70% from the average daily volume of 2,799,127 shares. The stock had previously closed at $45.93.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FND shares. Wells Fargo & Company cut their price target on shares of Floor & Decor from $70.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. Mizuho cut their target price on Floor & Decor from $72.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Guggenheim dropped their price objective on Floor & Decor from $90.00 to $65.00 and set a “buy” rating for the company in a report on Friday, May 1st. Stifel Nicolaus set a $75.00 price objective on Floor & Decor in a research report on Friday, May 1st. Finally, Weiss Ratings downgraded Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $59.17.

Floor & Decor Trading Up 7.5%

The firm has a 50 day simple moving average of $49.50 and a 200 day simple moving average of $59.39. The firm has a market capitalization of $5.33 billion, a PE ratio of 26.87, a P/E/G ratio of 4.08 and a beta of 1.62.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). Floor & Decor had a net margin of 4.27% and a return on equity of 8.38%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the business earned $0.46 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. Research analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Bradley Paulsen acquired 5,000 shares of Floor & Decor stock in a transaction dated Monday, May 4th. The shares were purchased at an average price of $50.25 per share, for a total transaction of $251,250.00. Following the completion of the transaction, the chief executive officer directly owned 85,010 shares in the company, valued at approximately $4,271,752.50. This represents a 6.25% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ersan Sayman sold 15,200 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $48.28, for a total transaction of $733,856.00. Following the completion of the transaction, the executive vice president directly owned 71,676 shares in the company, valued at $3,460,517.28. This trade represents a 17.50% decrease in their position. The SEC filing for this sale provides additional information. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors have recently bought and sold shares of FND. Advisory Services Network LLC purchased a new position in shares of Floor & Decor in the 3rd quarter worth $26,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Floor & Decor by 207.6% in 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. Summit Securities Group LLC purchased a new position in shares of Floor & Decor in the 1st quarter worth approximately $31,000. Clearstead Advisors LLC increased its position in shares of Floor & Decor by 215.7% during the 4th 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 last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Floor & Decor during the fourth quarter worth $34,000.

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.