Floor & Decor (NYSE:FND) Price Target Cut to $115.00 by Analysts at Evercore ISI

Floor & Decor (NYSE:FND) had its price objective reduced by Evercore ISI from $120.00 to $115.00 in a research report report published on Friday, Benzinga reports. They currently have an in-line rating on the stock.

Several other research analysts have also recently weighed in on the stock. Barclays lifted their price target on shares of Floor & Decor from $66.00 to $75.00 and gave the stock an underweight rating in a research note on Thursday, January 4th. Bank of America boosted their price target on Floor & Decor from $125.00 to $140.00 and gave the company a buy rating in a report on Thursday, March 14th. Telsey Advisory Group restated a market perform rating and issued a $110.00 price target on shares of Floor & Decor in a research report on Monday, April 29th. Stifel Nicolaus lowered their price objective on Floor & Decor from $115.00 to $110.00 and set a hold rating on the stock in a research report on Monday, February 26th. Finally, Mizuho reduced their target price on shares of Floor & Decor from $115.00 to $110.00 and set a neutral rating for the company in a report on Friday. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $108.76.

Floor & Decor Stock Performance

Shares of FND stock traded up $0.28 on Friday, reaching $113.04. The stock had a trading volume of 2,307,069 shares, compared to its average volume of 1,240,906. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14. Floor & Decor has a 1 year low of $76.30 and a 1 year high of $135.67. The stock has a market cap of $12.07 billion, a P/E ratio of 54.61, a price-to-earnings-growth ratio of 5.46 and a beta of 1.86. The company has a 50 day simple moving average of $118.90 and a 200 day simple moving average of $106.12.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Floor & Decor had a return on equity of 11.97% and a net margin of 5.11%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the company posted $0.66 EPS. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. Equities research analysts expect that Floor & Decor will post 1.91 EPS for the current year.

Insider Buying and Selling

In other news, CFO Bryan Langley sold 5,865 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total value of $702,978.90. Following the sale, the chief financial officer now directly owns 17,422 shares in the company, valued at approximately $2,088,200.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO David Victor Christopherson sold 6,850 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total value of $813,095.00. Following the completion of the sale, the chief accounting officer now owns 25,271 shares in the company, valued at approximately $2,999,667.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bryan Langley sold 5,865 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total transaction of $702,978.90. Following the transaction, the chief financial officer now owns 17,422 shares in the company, valued at $2,088,200.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,867 shares of company stock worth $11,016,089. Insiders own 2.10% of the company’s stock.

Institutional Trading of Floor & Decor

Several institutional investors have recently added to or reduced their stakes in FND. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Floor & Decor by 4.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company’s stock worth $285,000 after buying an additional 96 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in Floor & Decor by 24.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock worth $64,000 after purchasing an additional 113 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Floor & Decor by 0.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company’s stock worth $2,609,000 after purchasing an additional 117 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Floor & Decor by 2.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock valued at $574,000 after purchasing an additional 120 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Floor & Decor by 1.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock valued at $1,195,000 after purchasing 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.