Floor & Decor (NYSE:FND) Reaches New 52-Week Low – Here’s What Happened

Floor & Decor Holdings, Inc. (NYSE:FND) hit a new 52-week low during trading on Thursday . The company traded as low as $58.96 and last traded at $59.0270, with a volume of 1164191 shares changing hands. The stock had previously closed at $61.44.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FND. Telsey Advisory Group restated an “outperform” rating and issued a $92.00 target price on shares of Floor & Decor in a report on Friday, October 31st. Zacks Research lowered shares of Floor & Decor from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Citigroup decreased their price objective on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. JPMorgan Chase & Co. lowered their target price on shares of Floor & Decor from $94.00 to $85.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Floor & Decor in a research report on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $84.65.

Floor & Decor Trading Up 0.6%

The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27. The company’s 50 day moving average is $75.09 and its 200 day moving average is $76.81. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 2.56 and a beta of 1.70.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.06. The company had revenue of $1.18 billion for 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 business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 EPS. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. On average, research analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Insider Buying and Selling

In other news, President Bradley Paulsen acquired 5,000 shares of Floor & Decor stock in a transaction on Monday, November 3rd. The stock was bought at an average price of $60.27 per share, for a total transaction of $301,350.00. Following the transaction, the president owned 30,000 shares of the company’s stock, valued at $1,808,100. The trade was a 20.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Floor & Decor by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company’s stock valued at $818,665,000 after purchasing an additional 380,976 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Floor & Decor by 32.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company’s stock worth $550,228,000 after buying an additional 1,686,085 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Floor & Decor by 46.0% during 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. State Street Corp raised its stake in shares of 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 acquiring an additional 42,636 shares during the last quarter. Finally, Wasatch Advisors LP boosted its holdings in shares of Floor & Decor by 19.2% in the 2nd quarter. Wasatch Advisors LP now owns 2,717,183 shares of the company’s stock worth $206,397,000 after acquiring an additional 437,396 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.