Floor & Decor (NYSE:FND) Price Target Lowered to $60.00 at Citigroup

Floor & Decor (NYSE:FND) had its price objective reduced by Citigroup from $75.00 to $60.00 in a report issued on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other analysts have also weighed in on FND. UBS Group lowered their target price on shares of Floor & Decor from $74.00 to $70.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Morgan Stanley reduced their price target 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. Barclays lifted their price target on shares of Floor & Decor from $70.00 to $77.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Piper Sandler lowered their price objective on shares of Floor & Decor from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Finally, TD Cowen dropped their price objective on shares of Floor & Decor from $75.00 to $60.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Six investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $74.11.

Floor & Decor Trading Down 3.1%

Shares of NYSE FND opened at $52.91 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average price is $58.15 and its two-hundred day moving average price is $63.37. Floor & Decor has a 52-week low of $46.47 and a 52-week high of $92.40. The stock has a market capitalization of $5.71 billion, a P/E ratio of 27.56, a PEG ratio of 3.27 and a beta of 1.82.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, February 19th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. Floor & Decor had a return on equity of 8.99% and a net margin of 4.45%.The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 EPS. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. On average, analysts anticipate that Floor & Decor will post 2.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

A number of hedge funds have recently added to or reduced their stakes in FND. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Floor & Decor by 9.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company’s stock worth $27,346,000 after acquiring an additional 30,195 shares during the period. Invesco Ltd. boosted its stake in Floor & Decor by 290.8% during the 2nd quarter. Invesco Ltd. now owns 597,083 shares of the company’s stock valued at $45,354,000 after purchasing an additional 444,290 shares during the period. California Public Employees Retirement System boosted its stake in Floor & Decor by 12.7% during the 2nd quarter. California Public Employees Retirement System now owns 140,132 shares of the company’s stock valued at $10,644,000 after purchasing an additional 15,821 shares during the period. State Street Corp grew its position in Floor & Decor by 1.1% in the 2nd quarter. State Street Corp now owns 3,811,571 shares of the company’s stock worth $289,527,000 after purchasing an additional 42,636 shares during the last quarter. Finally, Sei Investments Co. grew its position in Floor & Decor by 33.9% in the 2nd quarter. Sei Investments Co. now owns 343,573 shares of the company’s stock worth $26,098,000 after purchasing an additional 87,013 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.