Bank of America Downgrades Floor & Decor (NYSE:FND) to Underperform

Floor & Decor (NYSE:FND) was downgraded by research analysts at Bank of America from a “buy” rating to an “underperform” rating in a research report issued to clients and investors on Friday, Marketbeat reports. They presently have a $45.00 price objective on the stock. Bank of America‘s price target would suggest a potential downside of 16.69% from the company’s previous close.

Several other research analysts have also recently weighed in on FND. Morgan Stanley decreased their price objective on shares of Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Telsey Advisory Group restated an “outperform” rating and issued a $80.00 price objective on shares of Floor & Decor in a research report on Friday, February 20th. UBS Group decreased their price objective on shares of Floor & Decor from $74.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Floor & Decor in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. cut 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. Six investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $74.89.

Floor & Decor Stock Up 2.5%

FND stock opened at $54.01 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $58.78 and its 200 day moving average is $63.72. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 1.80 and a beta of 1.82. Floor & Decor has a 1-year low of $46.47 and a 1-year high of $92.40.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. Sell-side analysts predict that Floor & Decor will post 2 EPS for the current fiscal year.

Institutional Trading of Floor & Decor

Several hedge funds and other institutional investors have recently bought and sold shares of FND. Northwestern Mutual Wealth Management Co. boosted its stake in Floor & Decor by 1,060,525.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,881,888 shares of the company’s stock worth $236,368,000 after buying an additional 3,881,522 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Floor & Decor by 46.0% in the third quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company’s stock worth $471,567,000 after buying an additional 2,015,999 shares in the last quarter. Capital World Investors boosted its stake in Floor & Decor by 37.2% in the third quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock worth $509,589,000 after buying an additional 1,872,892 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in Floor & Decor in the fourth quarter worth approximately $108,060,000. Finally, Durable Capital Partners LP purchased a new stake in Floor & Decor in the second quarter worth approximately $106,221,000.

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.