Floor & Decor (NYSE:FND) Price Target Cut to $60.00 by Analysts at TD Cowen

Floor & Decor (NYSE:FND) had its price target cut by TD Cowen from $75.00 to $60.00 in a report issued on Monday,Benzinga reports. They currently have a hold rating on the stock.

Several other equities research analysts have also recently weighed in on FND. Piper Sandler reaffirmed an “overweight” rating and issued a $80.00 price target on shares of Floor & Decor in a research note on Friday, February 20th. The Goldman Sachs Group reissued a “neutral” rating and set a $64.00 price objective on shares of Floor & Decor in a research report on Friday, February 20th. JPMorgan Chase & Co. dropped their target price on shares of Floor & Decor from $85.00 to $78.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Mizuho reduced their target price on shares of Floor & Decor from $76.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Finally, Barclays increased their price target on shares of Floor & Decor from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Six analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and an average target price of $77.35.

Floor & Decor Stock Performance

Shares of FND opened at $49.39 on Monday. The company has a 50-day simple moving average of $64.23 and a two-hundred day simple moving average of $66.71. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 0.34. The firm has a market capitalization of $5.33 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 1.71 and a beta of 1.72. Floor & Decor has a one year low of $49.23 and a one year high of $92.40.

Floor & Decor (NYSE:FND) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the business earned $0.44 EPS. The business’s revenue for the quarter 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, analysts anticipate that Floor & Decor will post 2 EPS for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its stake in shares of Floor & Decor by 20.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 337,870 shares of the company’s stock worth $24,901,000 after purchasing an additional 56,870 shares during the period. TD Asset Management Inc boosted its holdings in shares of Floor & Decor by 134.7% in the third quarter. TD Asset Management Inc now owns 35,162 shares of the company’s stock worth $2,591,000 after buying an additional 20,182 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Floor & Decor during the second quarter valued at approximately $1,303,000. Principal Financial Group Inc. grew its position in Floor & Decor by 46.0% during the third quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company’s stock valued at $471,567,000 after buying an additional 2,015,999 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in Floor & Decor by 19.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 724,964 shares of the company’s stock valued at $53,430,000 after buying an additional 118,232 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.