Evercore ISI Lowers Floor & Decor (NYSE:FND) Price Target to $115.00

Floor & Decor (NYSE:FND) had its target price decreased by Evercore ISI from $120.00 to $115.00 in a report issued on Friday, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

A number of other equities analysts have also recently weighed in on FND. UBS Group cut Floor & Decor from a buy rating to a neutral rating and set a $135.00 price target for the company. in a report on Tuesday, March 5th. The Goldman Sachs Group raised their price target on shares of Floor & Decor from $71.00 to $79.00 and gave the company a neutral rating in a report on Monday, February 26th. TD Cowen began coverage on shares of Floor & Decor in a report on Wednesday, April 10th. They issued a hold rating and a $125.00 price objective on the stock. Stifel Nicolaus dropped their target price on Floor & Decor from $115.00 to $110.00 and set a hold rating on the stock in a research report on Monday, February 26th. Finally, Guggenheim increased their price target on Floor & Decor from $115.00 to $130.00 and gave the company a buy rating in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Floor & Decor currently has a consensus rating of Hold and an average target price of $108.76.

Floor & Decor Price Performance

Floor & Decor stock opened at $116.97 on Friday. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $12.49 billion, a P/E ratio of 56.51, a PEG ratio of 5.51 and a beta of 1.86. The firm has a fifty day moving average of $118.92 and a 200-day moving average of $106.64. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm earned $0.66 EPS. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, analysts predict that Floor & Decor will post 1.9 EPS for the current year.

Insider Buying and Selling

In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of Floor & Decor 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 $1,639,233.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Floor & Decor news, CFO Bryan Langley sold 5,865 shares of Floor & Decor stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total value of $702,978.90. Following the sale, the chief financial officer now owns 17,422 shares of the company’s stock, valued at approximately $2,088,200.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven Alan Denny sold 5,152 shares of the company’s 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 transaction, the executive vice president now directly owns 13,271 shares of the company’s stock, valued at $1,639,233.92. The disclosure for this sale can be found here. Insiders sold 90,867 shares of company stock valued at $11,016,089 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Floor & Decor

Several institutional investors have recently bought and sold shares of FND. Riverview Trust Co bought a new stake in shares of Floor & Decor in the first quarter worth $26,000. Mendota Financial Group LLC acquired a new stake in Floor & Decor in the 4th quarter valued at $33,000. Rise Advisors LLC bought a new stake in Floor & Decor during the 1st quarter worth about $39,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Floor & Decor during the 3rd quarter worth about $30,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Floor & Decor by 97.1% in the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock valued at $44,000 after acquiring an additional 167 shares in the last quarter.

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.