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

Floor & Decor (NYSE:FND) had its price target decreased by Citigroup from $75.00 to $60.00 in a research report released on Tuesday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other analysts have also recently issued reports on the stock. UBS Group lowered their target price on shares of Floor & Decor from $74.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $64.00 target price on shares of Floor & Decor in a research note on Friday, February 20th. Barclays increased their target price on shares of Floor & Decor from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. lowered their target price on shares of Floor & Decor from $85.00 to $78.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Floor & Decor in a research note on Wednesday, January 28th. Six investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Floor & Decor currently has a consensus rating of “Hold” and a consensus price target of $74.11.

Floor & Decor Stock Performance

NYSE FND opened at $50.91 on Tuesday. Floor & Decor has a 1 year low of $46.47 and a 1 year high of $92.40. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 0.34. The stock has a market capitalization of $5.49 billion, a PE ratio of 26.52, a P/E/G ratio of 3.10 and a beta of 1.82. The company’s 50 day simple moving average is $57.44 and its two-hundred day simple moving average is $63.20.

Floor & Decor (NYSE:FND) last posted 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. Floor & Decor had a net margin of 4.45% and a return on equity of 8.99%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the company posted $0.44 EPS. The business’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. Analysts predict that Floor & Decor will post 2.08 earnings per share for the current fiscal year.

Institutional Trading of Floor & Decor

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Capital World Investors raised its position in shares of Floor & Decor by 8.1% during the 4th quarter. Capital World Investors now owns 7,472,044 shares of the company’s stock valued at $454,975,000 after buying an additional 557,728 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Floor & Decor by 0.4% during the 4th quarter. Principal Financial Group Inc. now owns 6,421,067 shares of the company’s stock valued at $390,981,000 after buying an additional 22,636 shares in the last quarter. Morgan Stanley raised its position in shares of Floor & Decor by 10.4% during the 4th quarter. Morgan Stanley now owns 5,120,116 shares of the company’s stock valued at $311,764,000 after buying an additional 484,243 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 buying an additional 3,881,522 shares in the last quarter. Finally, State Street Corp raised its position in shares of Floor & Decor by 1.1% during the 2nd quarter. State Street Corp now owns 3,811,571 shares of the company’s stock valued at $289,527,000 after buying an additional 42,636 shares in the last quarter.

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.