Floor & Decor (NYSE:FND) PT Lowered to $100.00 at Evercore ISI

Floor & Decor (NYSE:FND) had its target price decreased by Evercore ISI from $120.00 to $100.00 in a research note released on Tuesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

FND has been the subject of a number of other research reports. UBS Group dropped their price objective on shares of Floor & Decor from $135.00 to $125.00 and set a neutral rating for the company in a report on Friday, May 3rd. TD Cowen cut their price target on shares of Floor & Decor from $125.00 to $115.00 and set a hold rating for the company in a report on Friday, May 3rd. Mizuho decreased their price objective on Floor & Decor from $115.00 to $110.00 and set a neutral rating on the stock in a report on Friday, May 3rd. Piper Sandler raised their target price on Floor & Decor from $105.00 to $115.00 and gave the stock a neutral rating in a research note on Tuesday, April 9th. Finally, Telsey Advisory Group reaffirmed a market perform rating and issued a $110.00 price target on shares of Floor & Decor in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $108.62.

Floor & Decor Stock Up 0.9 %

FND stock opened at $96.98 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $113.82 and a two-hundred day moving average of $113.75. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 46.85, a PEG ratio of 9.89 and a beta of 1.73.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 earnings per share. As a group, analysts forecast that Floor & Decor will post 1.89 earnings per share for the current fiscal year.

Insider Activity at Floor & Decor

In other Floor & Decor news, Director Peter Starrett sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total transaction of $591,200.00. Following the completion of the transaction, the director now owns 128,189 shares in the company, valued at approximately $15,157,067.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Floor & Decor news, Director Peter Starrett sold 5,000 shares of Floor & Decor stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total transaction of $591,200.00. Following the completion of the sale, the director now directly owns 128,189 shares of the company’s stock, valued at approximately $15,157,067.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total value of $4,274,875.00. Following the transaction, the chief executive officer now directly owns 168,386 shares of the company’s stock, valued at $21,048,250. The disclosure for this sale can be found here. Insiders have sold a total of 41,778 shares of company stock valued at $5,182,791 over the last 90 days. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Floor & Decor

Several hedge funds have recently added to or reduced their stakes in the stock. Riverview Trust Co acquired a new position in shares of Floor & Decor in the 1st quarter valued at $26,000. Mendota Financial Group LLC purchased a new stake in Floor & Decor in the fourth quarter valued at $33,000. Rise Advisors LLC acquired a new position in Floor & Decor in the first quarter valued at $39,000. Global Retirement Partners LLC grew its holdings in shares of Floor & Decor by 97.1% during the first quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock worth $44,000 after purchasing an additional 167 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of Floor & Decor during the fourth quarter worth about $53,000.

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.