Floor & Decor (NYSE:FND) Price Target Cut to $80.00 by Analysts at Evercore ISI

Floor & Decor (NYSE:FND) had its price objective decreased by investment analysts at Evercore ISI from $85.00 to $80.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s price target would indicate a potential upside of 5.86% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird lowered their price target on shares of Floor & Decor from $125.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 price target on shares of Floor & Decor in a research note on Monday, April 28th. Barclays reduced their price target on shares of Floor & Decor from $91.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, May 2nd. Wells Fargo & Company decreased their target price on Floor & Decor from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Finally, Mizuho decreased their price target on shares of Floor & Decor from $100.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $93.00.

Floor & Decor Stock Performance

NYSE:FND traded down $0.03 during midday trading on Tuesday, hitting $75.57. The company’s stock had a trading volume of 332,222 shares, compared to its average volume of 2,091,207. Floor & Decor has a fifty-two week low of $66.01 and a fifty-two week high of $124.68. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.22 and a quick ratio of 0.27. The firm has a market cap of $8.13 billion, a P/E ratio of 39.98, a P/E/G ratio of 2.35 and a beta of 1.72. The firm’s 50 day moving average is $73.90 and its 200-day moving average is $86.93.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business posted $0.46 EPS. The company’s revenue was up 5.8% on a year-over-year basis. Equities analysts anticipate that Floor & Decor will post 2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FND. Advisory Research Inc. grew its position in Floor & Decor by 0.7% in the fourth quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock valued at $1,722,000 after purchasing an additional 115 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Floor & Decor by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock worth $341,000 after purchasing an additional 120 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Floor & Decor by 1.9% during the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock worth $652,000 after buying an additional 122 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Floor & Decor by 4.9% in the 4th quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company’s stock valued at $296,000 after purchasing an additional 133 shares during the period. Finally, Schechter Investment Advisors LLC boosted its stake in shares of Floor & Decor by 1.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 7,605 shares of the company’s stock worth $758,000 after acquiring an additional 137 shares during the period.

About Floor & Decor

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.