Floor & Decor (NYSE:FND) Downgraded by Gordon Haskett

Gordon Haskett cut shares of Floor & Decor (NYSE:FND – Get Rating) from a buy rating to an accumulate rating in a research note published on Friday morning, The Fly reports.

Several other equities analysts also recently weighed in on FND. Wedbush lowered their price target on shares of Floor & Decor from $130.00 to $100.00 and set an outperform rating on the stock in a report on Friday. Wells Fargo & Company lowered their price target on shares of Floor & Decor from $130.00 to $105.00 and set an overweight rating on the stock in a report on Thursday, April 7th. Citigroup lowered their price target on shares of Floor & Decor from $148.00 to $137.00 in a report on Friday, February 25th. Loop Capital lowered their target price on shares of Floor & Decor from $135.00 to $105.00 and set a hold rating on the stock in a report on Monday, February 28th. Finally, Zacks Investment Research raised shares of Floor & Decor from a sell rating to a hold rating in a report on Thursday, January 20th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Floor & Decor has a consensus rating of Buy and an average price target of $125.62.

Shares of NYSE:FND traded down $4.28 during trading on Friday, hitting $75.18. The company’s stock had a trading volume of 2,734,541 shares, compared to its average volume of 1,240,750. The company has a 50-day moving average of $87.71 and a 200-day moving average of $108.90. Floor & Decor has a 12 month low of $73.38 and a 12 month high of $145.89. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.23 and a quick ratio of 0.26. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 1.18 and a beta of 1.76.

Floor & Decor (NYSE:FND – Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Floor & Decor had a net margin of 8.25% and a return on equity of 21.65%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. As a group, research analysts anticipate that Floor & Decor will post 2.9 earnings per share for the current year.

In other Floor & Decor news, Director William T. Giles purchased 2,000 shares of Floor & Decor stock in a transaction that occurred on Tuesday, March 1st. The shares were bought at an average price of $96.00 per share, for a total transaction of $192,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Eagle Asset Management Inc. increased its position in Floor & Decor by 31.3% during the third quarter. Eagle Asset Management Inc. now owns 1,398,223 shares of the company’s stock valued at $168,891,000 after acquiring an additional 332,953 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Floor & Decor by 9.6% during the third quarter. UBS Asset Management Americas Inc. now owns 158,134 shares of the company’s stock valued at $19,101,000 after acquiring an additional 13,889 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Floor & Decor by 3.0% in the fourth quarter. CIBC Asset Management Inc now owns 4,348 shares of the company’s stock worth $565,000 after purchasing an additional 125 shares during the last quarter. Banco Santander S.A. bought a new position in shares of Floor & Decor in the fourth quarter worth about $1,863,000. Finally, Inspire Investing LLC bought a new position in shares of Floor & Decor in the third quarter worth about $326,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Floor & Decor Company Profile (Get Rating)

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.

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