Floor & Decor (NYSE:FND) Reaches New 12-Month Low – Here’s What Happened

Floor & Decor Holdings, Inc. (NYSE:FND)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $43.02 and last traded at $44.1760, with a volume of 200174 shares. The stock had previously closed at $44.98.

Analyst Ratings Changes

Several brokerages have recently commented on FND. Guggenheim lowered their price objective on Floor & Decor from $90.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, May 1st. 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 note on Friday, April 24th. TD Cowen lowered their price objective on Floor & Decor from $60.00 to $48.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Evercore set a $51.00 price objective on Floor & Decor in a research note on Friday, May 1st. Finally, Robert W. Baird set a $63.00 price target on Floor & Decor in a research report on Friday, May 1st. 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. Based on data from MarketBeat, Floor & Decor has a consensus rating of “Hold” and a consensus target price of $59.17.

Floor & Decor Stock Down 2.0%

The company has a market capitalization of $4.76 billion, a PE ratio of 23.94, a P/E/G ratio of 3.74 and a beta of 1.63. The stock has a 50-day moving average of $51.53 and a 200 day moving average of $60.71.

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

Insider Activity at Floor & Decor

In other news, CFO Bryan Langley acquired 2,500 shares of Floor & Decor stock in a transaction on Monday, May 4th. The stock was acquired at an average cost of $48.69 per share, with a total value of $121,725.00. Following the completion of the acquisition, the chief financial officer owned 42,016 shares in the company, valued at approximately $2,045,759.04. This trade represents a 6.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bradley Paulsen acquired 5,000 shares of Floor & Decor stock in a transaction on Monday, May 4th. The shares were purchased at an average cost of $50.25 per share, with a total value of $251,250.00. Following the completion of the acquisition, the chief executive officer owned 85,010 shares of the company’s stock, valued at $4,271,752.50. This trade represents a 6.25% increase in their position. The SEC filing for this purchase provides additional information. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently bought and sold shares of FND. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Floor & Decor by 9.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company’s stock valued at $27,346,000 after purchasing an additional 30,195 shares during the period. Invesco Ltd. grew its holdings in Floor & Decor by 290.8% during the second quarter. Invesco Ltd. now owns 597,083 shares of the company’s stock valued at $45,354,000 after purchasing an additional 444,290 shares during the period. California Public Employees Retirement System grew its holdings in Floor & Decor by 12.7% during the second quarter. California Public Employees Retirement System now owns 140,132 shares of the company’s stock valued at $10,644,000 after purchasing an additional 15,821 shares during the period. State Street Corp grew its holdings in Floor & Decor by 1.1% during the second quarter. State Street Corp now owns 3,811,571 shares of the company’s stock valued at $289,527,000 after purchasing an additional 42,636 shares during the period. Finally, Sei Investments Co. grew its holdings in Floor & Decor by 33.9% during the second quarter. Sei Investments Co. now owns 343,573 shares of the company’s stock valued at $26,098,000 after purchasing an additional 87,013 shares during the period.

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.