Floor & Decor (NYSE:FND) Shares Up 7.7% – What’s Next?

Floor & Decor Holdings, Inc. (NYSE:FND)’s share price rose 7.7% during trading on Wednesday . The stock traded as high as $56.07 and last traded at $55.4260. Approximately 174,831 shares changed hands during trading, a decline of 94% from the average session volume of 2,801,833 shares. The stock had previously closed at $51.46.

Analyst Ratings Changes

FND has been the subject of several research analyst reports. Wells Fargo & Company reduced their target price on Floor & Decor from $70.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, May 1st. Bank of America downgraded shares of Floor & Decor from a “buy” rating to an “underperform” rating and set a $45.00 target price for the company. in a research report on Friday, April 17th. Barclays cut their target price on shares of Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Zelman & Associates reduced their price target on shares of Floor & Decor from $80.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Finally, TD Cowen decreased their price target on Floor & Decor from $60.00 to $48.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $59.17.

Floor & Decor Stock Up 8.6%

The company has a 50 day moving average of $49.97 and a 200-day moving average of $58.56. The stock has a market capitalization of $6.03 billion, a P/E ratio of 30.41, a PEG ratio of 4.37 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 analysts’ consensus estimates of $0.42 by ($0.05). Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the firm earned $0.46 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. Equities analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insider Transactions at Floor & Decor

In other Floor & Decor news, CFO Bryan Langley purchased 2,500 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was acquired at an average cost of $48.69 per share, with a total value of $121,725.00. Following the acquisition, the chief financial officer owned 42,016 shares of the company’s stock, valued at approximately $2,045,759.04. This represents a 6.33% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Bradley Paulsen acquired 5,000 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were acquired at an average cost of $50.25 per share, with a total value of $251,250.00. Following the transaction, the chief executive officer owned 85,010 shares in the company, valued at approximately $4,271,752.50. The trade was a 6.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors have recently made changes to their positions in the stock. PVG Asset Management Corp lifted its holdings in shares of Floor & Decor by 57.0% in the 1st quarter. PVG Asset Management Corp now owns 5,572 shares of the company’s stock worth $296,000 after purchasing an additional 2,024 shares during the last quarter. Militia Capital Management LLC bought a new position in Floor & Decor during the 1st quarter worth $1,367,000. Carlson Capital L.P. grew its stake in Floor & Decor by 199.0% during the 1st quarter. Carlson Capital L.P. now owns 36,478 shares of the company’s stock worth $1,853,000 after buying an additional 24,278 shares during the last quarter. Turtle Creek Asset Management Inc. increased its position in Floor & Decor by 41.7% in the first quarter. Turtle Creek Asset Management Inc. now owns 2,757,643 shares of the company’s stock worth $140,088,000 after buying an additional 811,910 shares during the period. Finally, Bank of America Corp DE lifted its stake in Floor & Decor by 15.6% in the first quarter. Bank of America Corp DE now owns 1,501,698 shares of the company’s stock valued at $76,286,000 after buying an additional 202,977 shares during the last quarter.

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.