Floor & Decor (NYSE:FND) Given New $120.00 Price Target at Evercore ISI

Floor & Decor (NYSE:FND) had its target price lowered by Evercore ISI from $125.00 to $120.00 in a report published on Tuesday, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

FND has been the topic of a number of other reports. The Goldman Sachs Group increased their price objective on shares of Floor & Decor from $71.00 to $79.00 and gave the stock a neutral rating in a research report on Monday, February 26th. UBS Group lowered shares of Floor & Decor from a buy rating to a neutral rating and set a $135.00 target price on the stock. in a research report on Tuesday, March 5th. Bank of America raised their target price on shares of Floor & Decor from $125.00 to $140.00 and gave the stock a buy rating in a research report on Thursday, March 14th. TD Cowen initiated coverage on shares of Floor & Decor in a research report on Wednesday, April 10th. They set a hold rating and a $125.00 target price on the stock. Finally, Stifel Nicolaus reduced their target price on shares of Floor & Decor from $115.00 to $110.00 and set a hold rating on the stock in a research report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $110.19.

Floor & Decor Stock Performance

Floor & Decor stock opened at $108.18 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67. The firm has a market capitalization of $11.55 billion, a P/E ratio of 47.66, a price-to-earnings-growth ratio of 5.41 and a beta of 1.85. The company’s 50-day moving average is $118.88 and its 200 day moving average is $104.24.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company posted $0.64 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Research analysts forecast that Floor & Decor will post 1.92 EPS for the current year.

Insider Transactions at Floor & Decor

In other news, CEO Thomas V. Taylor sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $123.11, for a total transaction of $2,462,200.00. Following the completion of the sale, the chief executive officer now owns 174,315 shares of the company’s stock, valued at $21,459,919.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Thomas V. Taylor sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $123.11, for a total transaction of $2,462,200.00. Following the transaction, the chief executive officer now directly owns 174,315 shares in the company, valued at $21,459,919.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Trevor Lang sold 13,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the transaction, the president now owns 170,844 shares in the company, valued at $21,061,648.32. The disclosure for this sale can be found here. Insiders sold 90,867 shares of company stock valued at $11,016,089 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Floor & Decor

Institutional investors and hedge funds have recently bought and sold shares of the business. New York State Teachers Retirement System acquired a new position in Floor & Decor during the fourth quarter worth about $4,161,000. Pacer Advisors Inc. acquired a new position in Floor & Decor in the 4th quarter valued at about $1,767,000. Kestra Advisory Services LLC boosted its holdings in Floor & Decor by 7.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 5,292 shares of the company’s stock valued at $479,000 after purchasing an additional 349 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Floor & Decor in the 4th quarter valued at about $1,284,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Floor & Decor by 28.0% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 122,211 shares of the company’s stock valued at $11,060,000 after purchasing an additional 26,732 shares during the last quarter.

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.