Floor & Decor (NYSE:FND) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Floor & Decor (NYSE:FND) from a hold rating to a sell rating in a research report released on Sunday morning.

Several other analysts have also recently commented on the company. TD Cowen lowered their target price on Floor & Decor from $80.00 to $77.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. Telsey Advisory Group reissued an “outperform” rating and set a $92.00 price target on shares of Floor & Decor in a report on Friday, October 31st. Cowen set a $77.00 price objective on shares of Floor & Decor in a research note on Friday, October 31st. Evercore ISI reduced their price objective on shares of Floor & Decor from $80.00 to $75.00 and set an “in-line” rating for the company in a report on Tuesday, October 14th. Finally, Zacks Research lowered shares of Floor & Decor from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $84.65.

Floor & Decor Stock Performance

NYSE FND traded up $0.24 during trading hours on Friday, hitting $59.50. The company had a trading volume of 2,447,668 shares, compared to its average volume of 2,158,310. The company has a quick ratio of 0.34, a current ratio of 1.27 and a debt-to-equity ratio of 0.08. The firm has a market cap of $6.41 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 2.58 and a beta of 1.70. Floor & Decor has a fifty-two week low of $58.01 and a fifty-two week high of $122.90. The business has a fifty day simple moving average of $75.09 and a 200-day simple moving average of $76.92.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, October 30th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. Floor & Decor’s quarterly revenue was up 5.5% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. Equities analysts predict that Floor & Decor will post 2 EPS for the current year.

Insiders Place Their Bets

In other Floor & Decor news, President Bradley Paulsen purchased 5,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was bought at an average cost of $60.27 per share, with a total value of $301,350.00. Following the acquisition, the president owned 30,000 shares of the company’s stock, valued at $1,808,100. The trade was a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Trading of Floor & Decor

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its holdings in Floor & Decor by 42.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock worth $41,000 after buying an additional 152 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Floor & Decor during the 1st quarter valued at $47,000. State of Wyoming acquired a new stake in shares of Floor & Decor during the 2nd quarter valued at $46,000. Steph & Co. bought a new stake in shares of Floor & Decor during the 3rd quarter worth $48,000. Finally, Mather Group LLC. acquired a new position in shares of Floor & Decor in the 3rd quarter worth $49,000.

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.