Floor & Decor (NYSE:FND) Shares Down 4.9% – Here’s What Happened

Floor & Decor Holdings, Inc. (NYSE:FND)’s share price fell 4.9% on Monday . The company 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 equities research analysts have recently issued reports on the company. Evercore set a $51.00 target price on Floor & Decor in a report on Friday, May 1st. Robert W. Baird set a $63.00 price target on Floor & Decor in a report on Friday, May 1st. Weiss Ratings downgraded Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Wells Fargo & Company decreased their price objective on Floor & Decor from $70.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. Finally, Zacks Research downgraded Floor & Decor from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $59.17.

Floor & Decor Stock Down 3.4%

The firm has a market cap of $6.15 billion, a PE ratio of 31.00, a P/E/G ratio of 5.08 and a beta of 1.58. The company’s 50 day moving average price is $50.92 and its two-hundred day moving average price is $58.35.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the business posted $0.46 EPS. Floor & Decor’s revenue was down .7% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. On average, analysts expect that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Floor & Decor news, CEO Bradley Paulsen bought 5,000 shares of the company’s stock in a transaction on Monday, May 4th. The stock was acquired at an average price of $50.25 per share, for a total transaction of $251,250.00. Following the completion of the transaction, the chief executive officer directly owned 85,010 shares of the company’s stock, valued at approximately $4,271,752.50. This represents a 6.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ersan Sayman sold 15,200 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $48.28, for a total value of $733,856.00. Following the transaction, the executive vice president directly owned 71,676 shares in the company, valued at approximately $3,460,517.28. This represents a 17.50% decrease in their position. The SEC filing for this sale provides additional information. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Floor & Decor

Several hedge funds have recently bought and sold shares of FND. Littlejohn & Co. LLC purchased a new position in Floor & Decor in the 4th quarter worth about $7,916,000. Black Cypress Capital Management LLC lifted its holdings in Floor & Decor by 135.0% during the 4th quarter. Black Cypress Capital Management LLC now owns 201,673 shares of the company’s stock valued at $12,280,000 after buying an additional 115,858 shares in the last quarter. Principal Financial Group Inc. boosted its position in Floor & Decor by 0.4% in the 4th quarter. Principal Financial Group Inc. now owns 6,421,067 shares of the company’s stock valued at $390,981,000 after buying an additional 22,636 shares during the period. WINTON GROUP Ltd purchased a new stake in Floor & Decor in the 4th quarter valued at about $5,163,000. Finally, Ruffer LLP bought a new position in Floor & Decor in the 4th quarter worth about $47,231,000.

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.