Floor & Decor (NYSE:FND) PT Lowered to $106.00 at Citigroup

Floor & Decor (NYSE:FND – Get Rating) had its target price decreased by Citigroup from $137.00 to $106.00 in a report issued on Friday, The Fly reports. Citigroup’s price objective suggests a potential upside of 49.57% from the stock’s previous close.

Several other research analysts have also weighed in on FND. TheStreet lowered Floor & Decor from a “b” rating to a “c+” rating in a research report on Tuesday, March 22nd. Robert W. Baird dropped their target price on Floor & Decor from $130.00 to $110.00 in a research report on Monday, May 2nd. Wedbush dropped their target price on Floor & Decor from $130.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, May 6th. Jefferies Financial Group lowered their price objective on Floor & Decor from $150.00 to $146.00 and set a “buy” rating on the stock in a report on Thursday, March 17th. Finally, Gordon Haskett lowered Floor & Decor from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $123.23.

Shares of Floor & Decor stock opened at $70.87 on Friday. The stock has a 50-day moving average price of $86.23 and a 200 day moving average price of $107.61. The company has a market cap of $7.50 billion, a P/E ratio of 27.47, a P/E/G ratio of 0.99 and a beta of 1.76. The company has a current ratio of 1.23, a quick ratio of 0.26 and a debt-to-equity ratio of 0.15. Floor & Decor has a 1 year low of $66.68 and a 1 year high of $145.89.

Floor & Decor (NYSE:FND – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. Floor & Decor had a return on equity of 20.80% and a net margin of 7.57%. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 EPS. On average, equities analysts forecast that Floor & Decor will post 2.9 earnings per share for the current fiscal year.

In other Floor & Decor news, Director William T. Giles bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 1st. The stock was purchased at an average price of $96.00 per share, for a total transaction of $192,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.70% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Eagle Asset Management Inc. lifted its position in shares of Floor & Decor by 31.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,398,223 shares of the company’s stock worth $168,891,000 after acquiring an additional 332,953 shares during the period. UBS Asset Management Americas Inc. lifted its position in shares of Floor & Decor by 9.6% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 158,134 shares of the company’s stock worth $19,101,000 after acquiring an additional 13,889 shares during the period. CIBC Asset Management Inc lifted its position in shares of Floor & Decor by 3.0% in the 4th quarter. CIBC Asset Management Inc now owns 4,348 shares of the company’s stock worth $565,000 after acquiring an additional 125 shares during the period. Banco Santander S.A. bought a new stake in shares of Floor & Decor in the 4th quarter worth approximately $1,863,000. Finally, Raymond James & Associates lifted its position in shares of Floor & Decor by 7.1% during the 4th quarter. Raymond James & Associates now owns 73,174 shares of the company’s stock worth $9,513,000 after buying an additional 4,862 shares during the period. Institutional investors own 96.48% of the company’s stock.

About Floor & Decor (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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