Floor & Decor (NYSE:FND) Shares Gap Down to $122.75

Floor & Decor Holdings, Inc. (NYSE:FND) shares gapped down before the market opened on Wednesday . The stock had previously closed at $122.75, but opened at $113.55. Floor & Decor shares last traded at $115.71, with a volume of 311,445 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FND shares. Truist Financial boosted their price objective on Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Wells Fargo & Company lowered shares of Floor & Decor from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $85.00 to $105.00 in a research note on Thursday, January 4th. The Goldman Sachs Group raised their price objective on shares of Floor & Decor from $71.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Telsey Advisory Group increased their target price on shares of Floor & Decor from $95.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, February 23rd. Finally, Piper Sandler boosted their price target on shares of Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $110.67.

Floor & Decor Stock Performance

The firm has a 50 day moving average of $118.49 and a two-hundred day moving average of $103.63. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18. The stock has a market cap of $12.25 billion, a PE ratio of 50.53, a PEG ratio of 5.86 and a beta of 1.85.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.07. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The company’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 EPS. Research analysts predict that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO David Victor Christopherson sold 6,850 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the completion of the sale, the chief accounting officer now directly owns 25,271 shares of the company’s stock, valued at approximately $2,999,667.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Floor & Decor news, CFO Bryan Langley sold 5,865 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total transaction of $702,978.90. Following the transaction, the chief financial officer now directly owns 17,422 shares of the company’s stock, valued at approximately $2,088,200.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO David Victor Christopherson sold 6,850 shares of Floor & Decor stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total transaction of $813,095.00. Following the completion of the transaction, the chief accounting officer now owns 25,271 shares in the company, valued at $2,999,667.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,867 shares of company stock valued at $11,016,089. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds and other institutional investors have recently made changes to their positions in FND. Stephens Inc. AR lifted its position in Floor & Decor by 20.2% during the 2nd quarter. Stephens Inc. AR now owns 655 shares of the company’s stock worth $68,000 after acquiring an additional 110 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Floor & Decor by 24.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock worth $64,000 after purchasing an additional 113 shares during the period. Janney Montgomery Scott LLC grew its position in Floor & Decor by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company’s stock valued at $2,609,000 after buying an additional 117 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Floor & Decor by 2.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock valued at $574,000 after buying an additional 120 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Floor & Decor by 1.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock valued at $1,195,000 after buying an additional 121 shares during the period.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.