Floor & Decor (NYSE:FND) Raised to “Hold” at Wall Street Zen

Floor & Decor (NYSE:FND) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

FND has been the subject of a number of other research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Floor & Decor in a research report on Friday. Piper Sandler reiterated a “neutral” rating and issued a $75.00 price objective (down previously from $78.00) on shares of Floor & Decor in a research report on Friday. Guggenheim cut their target price on shares of Floor & Decor from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 1st. TD Cowen reduced their price target on shares of Floor & Decor from $80.00 to $77.00 and set a “hold” rating for the company in a research report on Friday. Finally, The Goldman Sachs Group upped their price target on shares of Floor & Decor from $70.00 to $80.00 and gave the stock a “sell” rating in a research report on Friday. Five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $84.65.

Floor & Decor Trading Down 3.7%

Shares of Floor & Decor stock opened at $62.63 on Friday. The firm has a 50-day simple moving average of $77.35 and a two-hundred day simple moving average of $77.24. The company has a market cap of $6.74 billion, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 2.62 and a beta of 1.70. Floor & Decor has a fifty-two week low of $61.77 and a fifty-two week high of $122.90. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. As a group, equities analysts predict that Floor & Decor will post 2 earnings per share for the current fiscal year.

Institutional Trading of Floor & Decor

Several large investors have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB grew its stake in Floor & Decor by 5.6% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,639 shares of the company’s stock valued at $200,000 after acquiring an additional 139 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Floor & Decor by 42.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock valued at $41,000 after acquiring an additional 152 shares in the last quarter. MainStreet Investment Advisors LLC grew its stake in Floor & Decor by 4.7% during the 2nd quarter. MainStreet Investment Advisors LLC now owns 3,567 shares of the company’s stock valued at $271,000 after acquiring an additional 160 shares in the last quarter. Signaturefd LLC grew its stake in Floor & Decor by 9.5% during the 2nd quarter. Signaturefd LLC now owns 1,917 shares of the company’s stock valued at $146,000 after acquiring an additional 166 shares in the last quarter. Finally, Commerce Bank grew its stake in Floor & Decor by 3.7% during the 1st quarter. Commerce Bank now owns 4,712 shares of the company’s stock valued at $379,000 after acquiring an additional 168 shares in the last quarter.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.