Floor & Decor (NYSE:FND) Price Target Lowered to $95.00 at Piper Sandler

Floor & Decor (NYSE:FND) had its target price cut by Piper Sandler from $115.00 to $95.00 in a research report report published on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

FND has been the topic of several other research reports. UBS Group cut their target price on Floor & Decor from $135.00 to $125.00 and set a neutral rating on the stock in a research report on Friday, May 3rd. Telsey Advisory Group cut their price objective on Floor & Decor from $100.00 to $95.00 and set a market perform rating on the stock in a research report on Friday. Wedbush reaffirmed an outperform rating and issued a $110.00 price objective on shares of Floor & Decor in a research report on Friday. Truist Financial cut their price objective on Floor & Decor from $130.00 to $115.00 and set a buy rating on the stock in a research report on Wednesday, July 10th. Finally, Evercore ISI cut their price objective on Floor & Decor from $120.00 to $100.00 and set an in-line rating on the stock in a research report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Floor & Decor presently has an average rating of Hold and an average price target of $103.32.

Floor & Decor Trading Up 4.0 %

Shares of NYSE FND traded up $3.75 during trading hours on Friday, hitting $97.89. 4,632,778 shares of the company traded hands, compared to its average volume of 2,302,808. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of 47.29, a price-to-earnings-growth ratio of 10.13 and a beta of 1.74. 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 company’s 50 day moving average price is $104.49 and its 200 day moving average price is $111.50. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.15 billion. Floor & Decor had a return on equity of 10.85% and a net margin of 4.78%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. On average, equities research analysts anticipate that Floor & Decor will post 1.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Steven Alan Denny sold 1,010 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $123.11, for a total transaction of $124,341.10. Following the completion of the sale, the executive vice president now directly owns 12,911 shares in the company, valued at approximately $1,589,473.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Thomas V. Taylor sold 34,199 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven Alan Denny sold 1,010 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $123.11, for a total value of $124,341.10. Following the completion of the transaction, the executive vice president now directly owns 12,911 shares in the company, valued at $1,589,473.21. The disclosure for this sale can be found here. Insiders sold 41,778 shares of company stock worth $5,182,791 in the last three months. 2.10% of the stock is owned by insiders.

Institutional Trading of Floor & Decor

Several institutional investors have recently bought and sold shares of the business. Riverview Trust Co purchased a new position in shares of Floor & Decor in the first quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Floor & Decor in the first quarter valued at $39,000. J.Safra Asset Management Corp grew its stake in Floor & Decor by 630.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after purchasing an additional 372 shares in the last quarter. Global Retirement Partners LLC grew its stake in Floor & Decor by 97.1% during the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock worth $44,000 after purchasing an additional 167 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in Floor & Decor during the 4th quarter worth $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.