Floor & Decor (NYSE:FND) Rating Lowered to “Strong Sell” at Zacks Research

Floor & Decor (NYSE:FND) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other brokerages also recently issued reports on FND. Guggenheim cut their price objective on shares of Floor & Decor from $90.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Bank of America cut Floor & Decor from a “buy” rating to an “underperform” rating and set a $45.00 price objective for the company. in a research report on Friday, April 17th. The Goldman Sachs Group reissued a “neutral” rating and issued a $64.00 price objective on shares of Floor & Decor in a research report on Friday, February 20th. Barclays lowered their price objective on Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. Finally, Zelman & Associates lowered their price objective on Floor & Decor from $80.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and an average target price of $59.94.

Floor & Decor Stock Up 1.0%

Shares of Floor & Decor stock opened at $51.51 on Wednesday. The firm’s 50 day moving average price is $54.32 and its 200-day moving average price is $61.95. Floor & Decor has a 52-week low of $46.47 and a 52-week high of $92.40. The company has a market cap of $5.56 billion, a P/E ratio of 27.99, a PEG ratio of 4.39 and a beta of 1.63.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.19 billion. During the same period in the previous year, the firm earned $0.46 EPS. The firm’s quarterly revenue was down .7% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. As a group, equities research analysts forecast that Floor & Decor will post 1.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Bryan Langley purchased 2,500 shares of the stock in a transaction on Monday, May 4th. The stock was bought at an average price of $48.69 per share, with a total value of $121,725.00. Following the transaction, the chief financial officer owned 42,016 shares in the company, valued at $2,045,759.04. The trade was a 6.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ersan Sayman sold 15,200 shares of Floor & Decor stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $48.28, for a total value of $733,856.00. Following the sale, the executive vice president directly owned 71,676 shares of the company’s stock, 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 currently owned by insiders.

Institutional Trading of Floor & Decor

Several institutional investors and hedge funds have recently bought and sold shares of FND. Northwestern Mutual Wealth Management Co. lifted its stake in Floor & Decor by 1,060,525.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,881,888 shares of the company’s stock valued at $236,368,000 after acquiring an additional 3,881,522 shares during the period. Principal Financial Group Inc. lifted its stake in Floor & Decor by 46.0% during the 3rd quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company’s stock valued at $471,567,000 after acquiring an additional 2,015,999 shares during the period. Capital World Investors lifted its stake in Floor & Decor by 37.2% during the 3rd quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock valued at $509,589,000 after acquiring an additional 1,872,892 shares during the period. Champlain Investment Partners LLC acquired a new position in shares of Floor & Decor in the 4th quarter valued at about $108,060,000. Finally, Durable Capital Partners LP acquired a new position in shares of Floor & Decor in the 2nd quarter valued at about $106,221,000.

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.