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

Floor & Decor Holdings, Inc. (NYSE:FND) shares crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wolfe Research reaffirmed an “underperform” rating and issued a $41.00 price objective on shares of Floor & Decor in a research note on Tuesday, July 21st. Zacks Research upgraded shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. Piper Sandler increased their target price on shares of Floor & Decor from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Wells Fargo & Company lowered their target price on shares of 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. Finally, Weiss Ratings lowered Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 9th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Floor & Decor has an average rating of “Hold” and an average target price of $56.50.

Floor & Decor Stock Up 1.9%

The company has a fifty day moving average of $48.26 and a two-hundred day moving average of $55.25.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the company earned $0.58 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. Analysts predict that Floor & Decor Holdings, Inc. will post 1.96 earnings per share for the current year.

Insider Buying and Selling at Floor & Decor

In related news, insider Thomas V. Taylor sold 218,189 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $62.30, for a total value of $13,593,174.70. Following the transaction, the insider directly owned 229,820 shares in the company, valued at approximately $14,317,786. This trade represents a 48.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Summit Securities Group LLC acquired a new position in Floor & Decor during the 1st quarter worth $31,000. Versant Capital Management Inc boosted its holdings in Floor & Decor by 3,263.2% during the third quarter. Versant Capital Management Inc now owns 639 shares of the company’s stock valued at $29,000 after acquiring an additional 620 shares during the period. TD Waterhouse Canada Inc. bought a new stake in Floor & Decor during the third quarter valued at about $43,000. Leonteq Securities AG grew its position in shares of Floor & Decor by 320.7% in the first quarter. Leonteq Securities AG now owns 1,077 shares of the company’s stock valued at $55,000 after purchasing an additional 821 shares during the last quarter. Finally, Trust Co. of Vermont acquired a new stake in shares of Floor & Decor in the second quarter valued at about $68,000.

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.