Stifel Nicolaus Lowers Floor & Decor (NYSE:FND) Price Target to $90.00

Floor & Decor (NYSE:FND) had its target price reduced by research analysts at Stifel Nicolaus from $92.00 to $90.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 48.60% from the company’s previous close.

Several other analysts have also weighed in on FND. Citigroup decreased their target price on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Cowen set a $77.00 price objective on Floor & Decor in a report on Friday, October 31st. Telsey Advisory Group reissued an “outperform” rating and issued a $92.00 target price on shares of Floor & Decor in a report on Friday, October 31st. Piper Sandler upgraded Floor & Decor from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $75.00 to $80.00 in a research report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. lowered their price target on Floor & Decor from $94.00 to $85.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Six equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Floor & Decor has an average rating of “Hold” and an average target price of $83.25.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $60.57 on Tuesday. The firm has a market capitalization of $6.53 billion, a PE ratio of 30.28, a PEG ratio of 2.68 and a beta of 1.75. The company has a current ratio of 1.27, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. Floor & Decor has a 1-year low of $55.11 and a 1-year high of $110.76. The business’s 50 day moving average is $64.41 and its 200-day moving average is $74.32.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, October 30th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.Floor & Decor’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.48 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. Sell-side analysts predict that Floor & Decor will post 2 earnings per share for the current year.

Insiders Place Their Bets

In other Floor & Decor news, President Bradley Paulsen acquired 5,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was purchased at an average price of $60.27 per share, for a total transaction of $301,350.00. Following the transaction, the president owned 30,000 shares in the company, valued at $1,808,100. This trade represents a 20.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by corporate insiders.

Institutional Trading of Floor & Decor

Several large investors have recently made changes to their positions in FND. Advisory Services Network LLC acquired a new position in Floor & Decor in the third quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Floor & Decor by 207.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock valued at $27,000 after acquiring an additional 247 shares during the last quarter. State of Wyoming bought a new position in shares of Floor & Decor in the 2nd quarter worth $46,000. Steph & Co. bought a new position in Floor & Decor during the third quarter worth about $48,000. Finally, Mather Group LLC. acquired a new position in shares of Floor & Decor during the 3rd quarter worth about $49,000.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.