Floor & Decor (NYSE:FND) Price Target Lowered to $60.00 at Citigroup

Floor & Decor (NYSE:FND) had its price target decreased by research analysts at Citigroup from $75.00 to $60.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential upside of 14.06% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $80.00 price target on shares of Floor & Decor in a research report on Friday, February 20th. Barclays upped their price target on shares of Floor & Decor from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Piper Sandler dropped their price target on shares of Floor & Decor from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. JPMorgan Chase & Co. dropped their price target on shares of Floor & Decor from $85.00 to $78.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. Finally, UBS Group dropped their price target 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. Six equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Floor & Decor currently has an average rating of “Hold” and an average target price of $74.11.

Floor & Decor Trading Down 3.6%

Shares of NYSE:FND traded down $1.99 during trading on Tuesday, reaching $52.61. The stock had a trading volume of 1,010,860 shares, compared to its average volume of 2,707,056. Floor & Decor has a fifty-two week low of $46.47 and a fifty-two week high of $92.40. The company has a quick ratio of 0.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average price of $58.51 and a 200-day moving average price of $63.52. The stock has a market cap of $5.68 billion, a P/E ratio of 27.44 and a beta of 1.82.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.36 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.13 billion. During the same quarter in the prior year, the business posted $0.44 earnings per share. Floor & Decor’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. As a group, analysts anticipate that Floor & Decor will post 2.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

Institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its stake in Floor & Decor by 20.2% during the third quarter. Envestnet Asset Management Inc. now owns 337,870 shares of the company’s stock worth $24,901,000 after buying an additional 56,870 shares during the period. TD Asset Management Inc boosted its stake in shares of Floor & Decor by 134.7% in the third quarter. TD Asset Management Inc now owns 35,162 shares of the company’s stock valued at $2,591,000 after purchasing an additional 20,182 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Floor & Decor by 46.0% in the third quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company’s stock valued at $471,567,000 after purchasing an additional 2,015,999 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Floor & Decor by 19.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 724,964 shares of the company’s stock valued at $53,430,000 after purchasing an additional 118,232 shares during the period. Finally, Verde Servicos Internacionais S.A. purchased a new position in shares of Floor & Decor in the third quarter valued at $1,916,000.

Floor & Decor Company Profile

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.