Floor & Decor (NYSE:FND) PT Lowered to $115.00

Floor & Decor (NYSE:FND) had its price target cut by Evercore ISI from $120.00 to $115.00 in a research report report published on Friday, Benzinga reports. They currently have an in-line rating on the stock.

Other equities research analysts have also issued reports about the stock. Guggenheim boosted their price objective on shares of Floor & Decor from $115.00 to $130.00 and gave the stock a buy rating in a report on Tuesday, February 27th. Wells Fargo & Company downgraded Floor & Decor from an overweight rating to an equal weight rating and lifted their price objective for the stock from $85.00 to $105.00 in a report on Thursday, January 4th. Piper Sandler increased their target price on Floor & Decor from $105.00 to $115.00 and gave the company a neutral rating in a report on Tuesday, April 9th. Stifel Nicolaus decreased their price target on Floor & Decor from $115.00 to $110.00 and set a hold rating on the stock in a research note on Monday, February 26th. Finally, Truist Financial increased their price objective on Floor & Decor from $102.00 to $127.00 and gave the company a buy rating in a research note on Tuesday, February 20th. 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 company. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $108.76.

Floor & Decor Stock Performance

Shares of Floor & Decor stock opened at $116.97 on Friday. The company has a market cap of $12.49 billion, a PE ratio of 56.51, a price-to-earnings-growth ratio of 5.51 and a beta of 1.86. The business has a 50 day moving average price of $118.92 and a 200-day moving average price of $106.64. Floor & Decor has a 52 week low of $76.30 and a 52 week high of $135.67. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm earned $0.66 EPS. Floor & Decor’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities analysts anticipate that Floor & Decor will post 1.9 earnings per share for the current fiscal year.

Insider Activity

In related news, President Trevor Lang sold 13,000 shares of Floor & Decor stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the sale, the president now directly owns 170,844 shares in the company, valued at approximately $21,061,648.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Bryan Langley sold 5,865 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total value of $702,978.90. Following the completion of the transaction, the chief financial officer now directly owns 17,422 shares in the company, valued at $2,088,200.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Trevor Lang sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the sale, the president now owns 170,844 shares in the company, valued at approximately $21,061,648.32. The disclosure for this sale can be found here. Insiders have sold a total of 90,867 shares of company stock worth $11,016,089 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Floor & Decor

Large investors have recently made changes to their positions in the business. Riverview Trust Co acquired a new stake in Floor & Decor in the 1st quarter worth about $26,000. DekaBank Deutsche Girozentrale acquired a new position in Floor & Decor in the third quarter valued at about $30,000. Mendota Financial Group LLC purchased a new position in Floor & Decor during the fourth quarter worth about $33,000. Rise Advisors LLC acquired a new stake in shares of Floor & Decor during the first quarter valued at about $39,000. Finally, Global Retirement Partners LLC raised its stake in shares of Floor & Decor by 97.1% in the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock valued at $44,000 after acquiring an additional 167 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.