Floor & Decor (NYSE:FND) Raised to Neutral at The Goldman Sachs Group

Floor & Decor (NYSE:FND) was upgraded by stock analysts at The Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research report issued on Thursday, MarketBeat.com reports. The firm currently has a $71.00 target price on the stock, down from their previous target price of $80.00. The Goldman Sachs Group’s price target indicates a potential upside of 12.50% from the company’s current price.

FND has been the topic of several other research reports. Zacks Research lowered shares of Floor & Decor from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Guggenheim dropped their price objective on Floor & Decor from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Evercore ISI decreased their price target on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating on the stock in a research report on Tuesday. Piper Sandler raised shares of Floor & Decor from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $75.00 to $80.00 in a research note on Wednesday. Finally, Cowen set a $77.00 price target on shares of Floor & Decor in a report on Friday, October 31st. Six analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $83.95.

Floor & Decor Stock Down 0.1%

Shares of NYSE:FND traded down $0.04 during trading on Thursday, reaching $63.11. 63,171 shares of the stock were exchanged, compared to its average volume of 2,155,505. Floor & Decor has a 1-year low of $58.01 and a 1-year high of $122.90. The stock has a fifty day moving average of $73.97 and a two-hundred day moving average of $76.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.27 and a quick ratio of 0.34. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 31.71, a price-to-earnings-growth ratio of 2.65 and a beta of 1.70.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, October 30th. The company reported $0.53 earnings per share (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 analyst estimates of $1.18 billion. During the same quarter in the prior year, the business posted $0.48 EPS. The business’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. Research analysts anticipate that Floor & Decor will post 2 earnings per share for the current fiscal year.

Insider Activity at Floor & Decor

In other Floor & Decor news, President Bradley Paulsen acquired 5,000 shares of the stock in a transaction dated Monday, November 3rd. The stock was purchased at an average cost of $60.27 per share, for a total transaction of $301,350.00. Following the acquisition, the president owned 30,000 shares in the company, valued at $1,808,100. The trade was a 20.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Floor & Decor

Several large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its position in Floor & Decor by 42.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock valued at $41,000 after purchasing an additional 152 shares during the period. State of Wyoming bought a new stake in shares of Floor & Decor during the second quarter valued at approximately $46,000. Zions Bancorporation National Association UT purchased a new stake in Floor & Decor in the first quarter worth $47,000. Steph & Co. bought a new position in Floor & Decor in the third quarter worth $48,000. Finally, Mather Group LLC. purchased a new position in Floor & Decor during the third quarter valued at $49,000.

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.