Floor & Decor (NYSE:FND) Price Target Lowered to $125.00 at UBS Group

Floor & Decor (NYSE:FND) had its target price reduced by research analysts at UBS Group from $135.00 to $125.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 10.58% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of Floor & Decor from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Wedbush reissued an “outperform” rating and set a $125.00 price objective on shares of Floor & Decor in a research report on Friday. Guggenheim upped their price objective on Floor & Decor from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Evercore ISI lowered their target price on shares of Floor & Decor from $120.00 to $115.00 and set an “in-line” rating on the stock in a research note on Friday. Finally, Piper Sandler upped their target price on shares of Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $108.76.

Floor & Decor Price Performance

NYSE FND opened at $113.04 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 54.61, a PEG ratio of 5.46 and a beta of 1.86. The business’s fifty day moving average price is $118.90 and its 200-day moving average price is $106.27.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. Floor & Decor had a return on equity of 11.97% and a net margin of 5.11%. Floor & Decor’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 earnings per share. On average, equities analysts predict that Floor & Decor will post 1.91 earnings per share for the current year.

Insider Buying and Selling at Floor & Decor

In other news, EVP Steven Alan Denny sold 5,152 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the sale, the executive vice president now directly owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO David Victor Christopherson sold 6,850 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total value of $813,095.00. Following the completion of the transaction, the chief accounting officer now owns 25,271 shares of the company’s stock, valued at approximately $2,999,667.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Steven Alan Denny sold 5,152 shares of Floor & Decor stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total value of $636,375.04. Following the completion of the transaction, the executive vice president now owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The disclosure for this sale can be found here. Insiders sold 90,867 shares of company stock worth $11,016,089 in the last quarter. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Floor & Decor

Institutional investors and hedge funds have recently modified their holdings of the stock. New York State Teachers Retirement System purchased a new stake in Floor & Decor during the 4th quarter valued at $4,161,000. Pacer Advisors Inc. bought a new stake in shares of Floor & Decor in the 4th quarter worth about $1,767,000. Kestra Advisory Services LLC boosted its stake in shares of Floor & Decor by 7.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 5,292 shares of the company’s stock worth $479,000 after purchasing an additional 349 shares during the period. Yousif Capital Management LLC bought a new position in Floor & Decor during the 4th quarter valued at about $5,614,000. Finally, State of Alaska Department of Revenue bought a new position in Floor & Decor during the 4th quarter valued at about $1,284,000.

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.