Floor & Decor (NYSE:FND) Shares Gap Down Following Analyst Downgrade

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) gapped down before the market opened on Friday after UBS Group lowered their price target on the stock from $135.00 to $125.00. The stock had previously closed at $112.76, but opened at $109.87. UBS Group currently has a neutral rating on the stock. Floor & Decor shares last traded at $115.47, with a volume of 637,688 shares.

Other equities analysts also recently issued reports about the company. Barclays raised their price objective on Floor & Decor from $66.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, January 4th. Bank of America boosted their price objective on shares of Floor & Decor from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. TD Cowen cut their target price on shares of Floor & Decor from $125.00 to $115.00 and set a “hold” rating on the stock in a research note on Friday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 price target on shares of Floor & Decor in a research report on Monday, April 29th. Finally, Sanford C. Bernstein lowered Floor & Decor from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $100.00 to $115.00 in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Floor & Decor has an average rating of “Hold” and a consensus target price of $108.76.

Insider Buying and Selling at Floor & Decor

In related news, President Trevor Lang sold 13,000 shares of Floor & Decor stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the transaction, the president now directly owns 170,844 shares in the company, valued at $21,061,648.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the sale, the executive vice president now owns 13,271 shares in the company, valued at $1,639,233.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Trevor Lang sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the completion of the transaction, the president now owns 170,844 shares in the company, valued at $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 in the last ninety days. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors have recently modified their holdings of the business. Riverview Trust Co acquired a new position in Floor & Decor in the first quarter valued at approximately $26,000. Mendota Financial Group LLC acquired a new position in Floor & Decor during the 4th quarter valued at approximately $33,000. Rise Advisors LLC bought a new position in Floor & Decor during the 1st quarter worth $39,000. DekaBank Deutsche Girozentrale acquired a new stake in Floor & Decor in the third quarter worth $30,000. Finally, Global Retirement Partners LLC lifted its stake in Floor & Decor by 97.1% in the first quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock valued at $44,000 after buying an additional 167 shares during the last quarter.

Floor & Decor Stock Up 0.2 %

The firm has a market cap of $12.07 billion, a P/E ratio of 49.80, a price-to-earnings-growth ratio of 5.30 and a beta of 1.86. The firm’s 50-day moving average price is $118.98 and its 200 day moving average price is $105.92. The company has a quick ratio of 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last announced 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. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business earned $0.66 earnings per share. Floor & Decor’s revenue was down 2.2% compared to the same quarter last year. As a group, research analysts expect that Floor & Decor Holdings, Inc. will post 1.91 earnings per share for the current year.

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.