Floor & Decor (NYSE:FND) PT Lowered to $120.00 at Evercore ISI

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

Several other analysts have also recently issued reports on the company. Truist Financial upped 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. UBS Group lowered Floor & Decor from a buy rating to a neutral rating and set a $135.00 target price for the company. in a report on Tuesday, March 5th. Guggenheim upped their target price on Floor & Decor from $115.00 to $130.00 and gave the company a buy rating in a report on Tuesday, February 27th. Stifel Nicolaus lowered their target price on Floor & Decor from $115.00 to $110.00 and set a hold rating for the company in a report on Monday, February 26th. Finally, TD Cowen assumed coverage on Floor & Decor in a report on Wednesday, April 10th. They set a hold rating and a $125.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, fifteen have given 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 Trading Down 1.4 %

Shares of NYSE FND opened at $108.10 on Tuesday. The stock’s 50 day moving average price is $119.00 and its two-hundred day moving average price is $104.43. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67. The stock has a market capitalization of $11.54 billion, a P/E ratio of 47.62, a PEG ratio of 5.22 and a beta of 1.85. The company has a quick ratio of 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10.

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

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, CFO Bryan Langley sold 5,865 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total transaction of $702,978.90. Following the completion of 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 filing with the SEC, which is accessible through the SEC website. In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the transaction, the executive vice president now directly owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Bryan Langley sold 5,865 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total value of $702,978.90. Following the sale, the chief financial officer now owns 17,422 shares of the company’s stock, valued at approximately $2,088,200.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,867 shares of company stock valued at $11,016,089. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Floor & Decor

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

Floor & Decor Company Profile

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.