Floor & Decor (NYSE:FND) Receives “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Floor & Decor (NYSE:FND) in a research report released on Monday morning, Benzinga reports. They currently have a $110.00 price objective on the stock. Telsey Advisory Group also issued estimates for Floor & Decor’s Q1 2025 earnings at $0.72 EPS, Q2 2025 earnings at $0.81 EPS, Q3 2025 earnings at $0.76 EPS and Q4 2025 earnings at $0.45 EPS.

A number of other research firms have also issued reports on FND. Piper Sandler lifted their target price on Floor & Decor from $105.00 to $115.00 and gave the stock a neutral rating in a report on Tuesday, April 9th. Wells Fargo & Company cut Floor & Decor from an overweight rating to an equal weight rating and lifted their price target for the stock from $85.00 to $105.00 in a research note on Thursday, January 4th. Guggenheim lifted their price target on Floor & Decor from $115.00 to $130.00 and gave the stock a buy rating in a research note on Tuesday, February 27th. The Goldman Sachs Group lifted their price target on Floor & Decor from $71.00 to $79.00 and gave the stock a neutral rating in a research note on Monday, February 26th. Finally, Stifel Nicolaus dropped their price target on Floor & Decor from $115.00 to $110.00 and set a hold rating on the stock in a research note on Monday, February 26th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Floor & Decor currently has an average rating of Hold and an average price target of $110.19.

Floor & Decor Price Performance

NYSE:FND opened at $109.28 on Monday. The business’s 50-day moving average price is $119.00 and its 200 day moving average price is $105.85. The firm has a market cap of $11.67 billion, a P/E ratio of 48.58, a PEG ratio of 5.36 and a beta of 1.85. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a quick ratio of 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, February 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. Floor & Decor’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 earnings per share. As a group, sell-side analysts predict that Floor & Decor will post 1.92 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Bryan Langley sold 5,865 shares of Floor & Decor stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total transaction of $702,978.90. Following the completion of the sale, the chief financial officer now directly owns 17,422 shares in the company, valued at approximately $2,088,200.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO David Victor Christopherson sold 6,850 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the completion of the sale, the chief accounting officer now directly owns 25,271 shares in the company, valued at approximately $2,999,667.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Bryan Langley sold 5,865 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total value of $702,978.90. Following the completion of the sale, the chief financial officer now owns 17,422 shares of the company’s stock, valued at $2,088,200.92. The disclosure for this sale can be found here. Insiders sold a total of 90,867 shares of company stock worth $11,016,089 in the last three months. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently added to or reduced their stakes in FND. IFP Advisors Inc lifted its holdings in Floor & Decor by 761.7% in the 3rd quarter. IFP Advisors Inc now owns 922 shares of the company’s stock worth $83,000 after purchasing an additional 815 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Floor & Decor by 1,530.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,017 shares of the company’s stock worth $273,000 after buying an additional 2,832 shares during the period. Handelsbanken Fonder AB increased its position in Floor & Decor by 17.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 19,300 shares of the company’s stock worth $1,747,000 after buying an additional 2,800 shares during the period. Commonwealth Equity Services LLC increased its position in Floor & Decor by 9.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,559 shares of the company’s stock worth $413,000 after buying an additional 394 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in Floor & Decor by 2.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 5,410 shares of the company’s stock worth $490,000 after buying an additional 136 shares during the period.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.