Floor & Decor (NYSE:FND – Get Free Report) had its price target decreased by Evercore ISI from $85.00 to $80.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s target price would suggest a potential upside of 5.37% from the stock’s previous close.
Several other equities analysts have also recently weighed in on FND. Robert W. Baird cut their price objective on Floor & Decor from $125.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. The Goldman Sachs Group cut their price objective on Floor & Decor from $81.00 to $70.00 and set a “sell” rating on the stock in a report on Friday, May 2nd. Wells Fargo & Company cut their price objective on Floor & Decor from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Gordon Haskett lowered Floor & Decor from a “buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 target price on shares of Floor & Decor in a research report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $93.00.
Floor & Decor Trading Down 1.0%
Floor & Decor (NYSE:FND – Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. Floor & Decor had a return on equity of 9.32% and a net margin of 4.53%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the business posted $0.46 EPS. Floor & Decor’s revenue for the quarter was up 5.8% on a year-over-year basis. Sell-side analysts expect that Floor & Decor will post 2 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Floor & Decor
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Floor & Decor during the 4th quarter worth approximately $38,717,000. Charles Schwab Investment Management Inc. boosted its stake in Floor & Decor by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company’s stock valued at $85,745,000 after purchasing an additional 30,496 shares during the period. Landscape Capital Management L.L.C. boosted its stake in Floor & Decor by 111.7% in the 4th quarter. Landscape Capital Management L.L.C. now owns 49,932 shares of the company’s stock valued at $4,978,000 after purchasing an additional 26,344 shares during the period. Proficio Capital Partners LLC bought a new stake in Floor & Decor in the 4th quarter valued at $49,000. Finally, Raymond James Financial Inc. bought a new stake in Floor & Decor in the 4th quarter valued at $54,640,000.
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.
See Also
- Five stocks we like better than Floor & Decor
- Compound Interest and Why It Matters When Investing
- Top 3 Bank Stocks to Watch as Fed Rate Cuts Loom
- Health Care Stocks Explained: Why You Might Want to Invest
- Uber and Tesla Surge on Robotaxis, Analyst Touts Texas Rides
- Large Cap Stock Definition and How to Invest
- ASML Keeps Buying Back Its Own Stock—Chasing Discount and Upside
Receive News & Ratings for Floor & Decor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Floor & Decor and related companies with MarketBeat.com's FREE daily email newsletter.