JPMorgan Chase & Co. Has Lowered Expectations for Floor & Decor (NYSE:FND) Stock Price

Floor & Decor (NYSE:FND) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $78.00 to $48.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 5.89% from the stock’s previous close.

A number of other research firms have also recently commented on FND. UBS Group reduced their price objective on shares of Floor & Decor from $74.00 to $70.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Floor & Decor in a research report on Wednesday, January 28th. Bank of America cut shares of Floor & Decor from a “buy” rating to an “underperform” rating and set a $45.00 price objective for the company. in a research report on Friday, April 17th. TD Cowen reduced their price objective on shares of Floor & Decor from $75.00 to $60.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Floor & Decor in a research report on Friday, February 20th. Six research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and an average price target of $71.79.

Floor & Decor Trading Up 0.1%

FND stock opened at $51.00 on Friday. 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 company has a fifty day moving average price of $57.05 and a two-hundred day moving average price of $63.01. Floor & Decor has a one year low of $46.47 and a one year high of $92.40. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 3.05 and a beta of 1.82.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Floor & Decor had a net margin of 4.45% and a return on equity of 8.99%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the business posted $0.44 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. Equities analysts anticipate that Floor & Decor will post 2.08 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital World Investors raised its stake in Floor & Decor by 8.1% in the fourth quarter. Capital World Investors now owns 7,472,044 shares of the company’s stock valued at $454,975,000 after purchasing an additional 557,728 shares in the last quarter. Principal Financial Group Inc. raised its stake in Floor & Decor by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 6,421,067 shares of the company’s stock valued at $390,981,000 after purchasing an additional 22,636 shares in the last quarter. Morgan Stanley raised its stake in Floor & Decor by 10.4% in the fourth quarter. Morgan Stanley now owns 5,120,116 shares of the company’s stock valued at $311,764,000 after purchasing an additional 484,243 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised 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 valued at $236,368,000 after purchasing an additional 3,881,522 shares in the last quarter. Finally, State Street Corp raised its stake in Floor & Decor by 1.1% in the second quarter. State Street Corp now owns 3,811,571 shares of the company’s stock valued at $289,527,000 after purchasing an additional 42,636 shares in 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.