Shares of Floor & Decor Holdings, Inc. (NYSE:FND – Get Free Report) dropped 4.9% during trading on Monday . The stock traded as low as $56.91 and last traded at $56.1490. 128,127 shares traded hands during trading, a decline of 95% from the average session volume of 2,813,376 shares. The stock had previously closed at $59.04.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Stifel Nicolaus set a $75.00 price objective on shares of Floor & Decor in a research note on Friday, May 1st. Mizuho lowered their target price on shares of Floor & Decor from $72.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Bank of America downgraded Floor & Decor from a “buy” rating to an “underperform” rating and set a $45.00 price target on the stock. in a research report on Friday, April 17th. Robert W. Baird set a $63.00 price objective on Floor & Decor in a report on Friday, May 1st. Finally, Morgan Stanley reissued a “positive” rating and issued a $56.00 price objective on shares of Floor & Decor in a research report on Friday, May 1st. Five analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Floor & Decor has an average rating of “Hold” and an average price target of $59.67.
Read Our Latest Stock Report on Floor & Decor
Floor & Decor Stock Performance
Floor & Decor (NYSE:FND – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). Floor & Decor had a net margin of 4.27% and a return on equity of 8.38%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the company posted $0.46 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. Sell-side analysts predict that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current year.
Insider Buying and Selling
In other news, CFO Bryan Langley acquired 2,500 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were acquired at an average cost of $48.69 per share, with a total value of $121,725.00. Following the completion of the acquisition, the chief financial officer owned 42,016 shares of the company’s stock, valued at approximately $2,045,759.04. This trade represents a 6.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Bradley Paulsen acquired 5,000 shares of Floor & Decor stock in a transaction dated Monday, May 4th. The stock was purchased at an average price of $50.25 per share, with a total value of $251,250.00. Following the completion of the purchase, the chief executive officer owned 85,010 shares of the company’s stock, valued at approximately $4,271,752.50. The trade was a 6.25% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.80% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Floor & Decor
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new stake in Floor & Decor during the 3rd quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Floor & Decor by 207.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock worth $27,000 after acquiring an additional 247 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Floor & Decor in the first quarter worth $31,000. Clearstead Advisors LLC raised its holdings in shares of Floor & Decor by 215.7% during the fourth quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock worth $34,000 after purchasing an additional 384 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Floor & Decor during the fourth quarter worth $34,000.
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.
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