TD Cowen Has Lowered Expectations for Floor & Decor (NYSE:FND) Stock Price

Floor & Decor (NYSE:FND) had its price target reduced by TD Cowen from $75.00 to $60.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s price objective would indicate a potential upside of 18.39% from the company’s previous close.

FND has been the subject of several other reports. Mizuho dropped their price target on Floor & Decor from $76.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Stifel Nicolaus cut their target price on shares of Floor & Decor from $92.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th. JPMorgan Chase & Co. cut their price objective on Floor & Decor from $85.00 to $78.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. Barclays raised their price target on Floor & Decor from $70.00 to $77.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Finally, Morgan Stanley reduced their target price on shares of Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Six analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $77.35.

Floor & Decor Stock Up 2.7%

NYSE FND opened at $50.68 on Monday. Floor & Decor has a 52 week low of $49.23 and a 52 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 company has a market capitalization of $5.47 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 1.68 and a beta of 1.72. The stock’s 50-day moving average price is $63.80 and its 200-day moving average price is $66.44.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 8.99%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. On average, equities research analysts predict that Floor & Decor will post 2 earnings per share for the current year.

Institutional Investors Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new stake in shares of Floor & Decor during the third quarter worth $26,000. Northwestern Mutual Wealth Management Co. grew its holdings 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 purchasing an additional 247 shares during the last quarter. Clearstead Advisors LLC increased its stake in Floor & Decor by 215.7% in the 4th quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock worth $34,000 after buying an additional 384 shares during the period. Los Angeles Capital Management LLC purchased a new position in Floor & Decor in the 4th quarter worth about $34,000. Finally, eCIO Inc. bought a new stake in Floor & Decor during the 4th quarter valued at about $41,000.

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.