Floor & Decor (NYSE:FND) Price Target Cut to $120.00

Floor & Decor (NYSE:FND) had its price objective reduced by equities research analysts at Evercore ISI from $125.00 to $120.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s price objective suggests a potential upside of 10.70% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus cut their target price on shares of Floor & Decor from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, February 26th. TD Cowen assumed coverage on shares of Floor & Decor in a research note on Wednesday, April 10th. They issued a “hold” rating and a $125.00 target price for the company. Guggenheim boosted their target price on shares of Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Wedbush upped their price objective on shares of Floor & Decor from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, Wells Fargo & Company downgraded shares of Floor & Decor from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $85.00 to $105.00 in a research note on Thursday, January 4th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $110.19.

Floor & Decor Price Performance

Floor & Decor stock opened at $108.40 on Tuesday. 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 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. The firm’s 50-day simple moving average is $118.95 and its 200 day simple moving average is $104.27. The firm has a market capitalization of $11.57 billion, a PE ratio of 47.75, a P/E/G ratio of 5.31 and a beta of 1.85.

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

Insiders Place Their Bets

In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $123.52, for a total value of $636,375.04. Following the completion of the transaction, the executive vice president now owns 13,271 shares in the company, valued at approximately $1,639,233.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Floor & Decor news, President Trevor Lang sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the transaction, the president now owns 170,844 shares in the company, valued at approximately $21,061,648.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven Alan Denny sold 5,152 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $123.52, for a total value of $636,375.04. Following the transaction, the executive vice president now owns 13,271 shares of the company’s stock, valued at $1,639,233.92. The disclosure for this sale can be found here. Insiders sold a total of 90,867 shares of company stock worth $11,016,089 in the last 90 days. 2.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently made changes to their positions in the business. Stephens Inc. AR boosted its stake 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 buying an additional 110 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised 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 in the last quarter. Janney Montgomery Scott LLC raised 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 in the last quarter. Nomura Asset Management Co. Ltd. raised 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 in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Floor & Decor by 1.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock worth $1,195,000 after buying an additional 121 shares during the period.

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.