Floor & Decor (NYSE:FND) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Floor & Decor (NYSE:FND) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also issued reports on FND. Cowen set a $77.00 price target on Floor & Decor in a research note on Friday, October 31st. The Goldman Sachs Group raised Floor & Decor from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $80.00 to $71.00 in a report on Thursday, November 13th. Piper Sandler raised Floor & Decor from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $75.00 to $80.00 in a research note on Wednesday, November 12th. Evercore ISI reduced their price target on shares of Floor & Decor from $75.00 to $65.00 and set an “in-line” rating on the stock in a research report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Floor & Decor in a research note on Friday, October 31st. Six research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Floor & Decor has a consensus rating of “Hold” and a consensus price target of $83.95.

Floor & Decor Price Performance

FND stock opened at $64.95 on Tuesday. The firm has a 50 day simple moving average of $68.47 and a two-hundred day simple moving average of $75.72. The stock has a market cap of $7.00 billion, a PE ratio of 32.47, a P/E/G ratio of 2.79 and a beta of 1.70. Floor & Decor has a one year low of $55.11 and a one year high of $115.78. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.27 and a quick ratio of 0.34.

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

Insider Buying and Selling

In other news, President Bradley Paulsen purchased 5,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was bought at an average cost of $60.27 per share, for a total transaction of $301,350.00. Following the acquisition, the president directly owned 30,000 shares of the company’s stock, valued at $1,808,100. This represents a 20.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds have recently modified their holdings of the company. Advisory Services Network LLC bought a new position in shares of Floor & Decor during the third quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. raised its position in Floor & Decor by 207.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock valued at $27,000 after purchasing an additional 247 shares during the last quarter. State of Wyoming bought a new position in Floor & Decor during the 2nd quarter valued at approximately $46,000. Zions Bancorporation National Association UT purchased a new stake in Floor & Decor in the 1st quarter worth approximately $47,000. Finally, Steph & Co. bought a new stake in shares of Floor & Decor in the 3rd quarter worth approximately $48,000.

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.