Evercore ISI Lowers Floor & Decor (NYSE:FND) Price Target to $120.00

Floor & Decor (NYSE:FND) had its price objective reduced by Evercore ISI from $125.00 to $120.00 in a research note released on Tuesday morning, Benzinga reports. They currently have an in-line rating on the stock.

FND has been the topic of several other reports. Stifel Nicolaus decreased their target price on shares of Floor & Decor from $115.00 to $110.00 and set a hold rating on the stock in a research report on Monday, February 26th. Wedbush raised their target price on shares of Floor & Decor from $115.00 to $125.00 and gave the stock an outperform rating in a research report on Friday, February 23rd. Wells Fargo & Company cut shares of Floor & Decor from an overweight rating to an equal weight rating and raised their target price for the stock from $85.00 to $105.00 in a research report on Thursday, January 4th. Sanford C. Bernstein cut shares of Floor & Decor from an outperform rating to a market perform rating and raised their target price for the stock from $100.00 to $115.00 in a research report on Tuesday, January 16th. Finally, Telsey Advisory Group raised their target price on shares of Floor & Decor from $95.00 to $110.00 and gave the stock a market perform rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of $110.19.

Floor & Decor Stock Performance

Shares of NYSE FND opened at $108.18 on Tuesday. The company has a market cap of $11.55 billion, a PE ratio of 47.66, a price-to-earnings-growth ratio of 5.41 and a beta of 1.85. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18. The company has a 50-day simple moving average of $118.88 and a 200-day simple moving average of $104.24.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 earnings per share. On average, equities analysts anticipate that Floor & Decor will post 1.92 earnings per share for the current year.

Insider Activity

In other news, Director Norman Axelrod sold 40,000 shares of Floor & Decor stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $119.97, for a total transaction of $4,798,800.00. Following the sale, the director now owns 226,080 shares in the company, valued at $27,122,817.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Norman Axelrod sold 40,000 shares of Floor & Decor stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $119.97, for a total transaction of $4,798,800.00. Following the sale, the director now owns 226,080 shares in the company, valued at $27,122,817.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Trevor Lang sold 13,000 shares of Floor & Decor stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the sale, the president now owns 170,844 shares in the company, valued at approximately $21,061,648.32. The disclosure for this sale can be found here. Insiders have sold 90,867 shares of company stock worth $11,016,089 over the last 90 days. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Floor & Decor

A number of hedge funds have recently made changes to their positions in FND. Riverview Trust Co bought a new stake in shares of Floor & Decor in the first quarter worth $26,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Floor & Decor in the third quarter worth $30,000. Mendota Financial Group LLC bought a new stake in shares of Floor & Decor in the fourth quarter worth $33,000. Quarry LP bought a new stake in shares of Floor & Decor in the fourth quarter worth $33,000. Finally, Rise Advisors LLC bought a new stake in shares of Floor & Decor in the first quarter worth $39,000.

About Floor & Decor

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.